Archive for the ‘Economic Collapse’ Category

The Housing Recovery Has Been Canceled Due to Data Revisions

aa-housing bubble - bankster induced good one In short: the euphoric, consensus-beating data for every single month since May has been revised lower, by on average 6% and as much as 9%. Perhaps finally people will realize that there is only one number that matters in the Census bureau’s monthly new home sales report: the ±15.7 90% confidence interval. Well, people maybe, but not algos, who only care about one thing: whether the data beat or missed. Now we wonder: will all those market surges over the past 4 months which were based on erroneous headline data, all be revised lower? Sarcasm off. http://www.zerohedge.com/news/2014-10-24/housing-recovery-has-been-canceled-due-data-revisions


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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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Seismic Waves of Destruction Coming for the U.S. Dollar

aa-dollar - Washington w hands on his head On the financial front, the seismic waves of destruction for the US Dollar are coming more fast and furiously. From Cyprus, to German repatriation, to LIBORgate, etc. How much longer can’t be accurately forecast, but things are certainly heating up. China’s financial system is on edge, but their gold reserves (15,000 tons) will enable them to crater their paper system, along with the dollar, thereby putting them in charge of the resulting gold-based economic system. If it sounds scary, that’s because it is. http://www.silverdoctors.com/jim-willie-seismic-waves-of-destruction-coming-for-the-us-dollar/


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The Motor City Blows Its Pistons

The urban leper colony known as Detroit is a living/dying metaphor of American municipal decay. In 1950, it hosted nearly two million residents; now it can barely cling to 700,000. And one poll showed that of the remaining residents, forty percent claim they plan to flee the city within the next five years. Nearly half of Detroit’s street lights are broken, average police response time is about an hour, and it is currently ranked as America’s second most dangerous city. And modern Detroit is not exactly teeming with what a sane person would call high-quality human capital. So what happened? What turned Detroit into “Detroilet”? What enabled this once-mighty metropolis to pluck defeat from the snatch of victory? http://takimag.com/article/the_motor_city_blows_its_pistons_jim_goad/print#axzz2Znj9H2fQ


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Derivative Meltdown and Dollar Collapse

Nation states held hostage to financial manipulation are slaves to the central banks. With the demise of the Dollar, the fake debt obligations of the United States must be repudiated. Foreign states are prepared to sever their links to the Dollar reserve currency, by trading directly in the domestic currencies of other countries. Interacting commerce in Dollars with American companies will continue, but the yoke of Federal Reserve Notes legal tender will be rejected when the derivative meltdown explodes. http://www.batr.org/negotium/101712.html


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Coming To A Gas Station Near You?

This is neither from the near (or distant) future, nor from a movie starring Will Smith in which he fights vampire zombies (at least not yet). It’s from the here and now, Calabasas, CA to be precise. And it may be coming to a gas pump near you in the immediate future. http://www.zerohedge.com/news/2012-10-05/coming-gas-station-near-you


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Understanding Economics

Why do the cognitively challenged say that Obama is a socialist? The man is an arch-conservative. (I’m not sure what arches have to do with it, but never mind.) He bailed out Wall Street, the beating heart of predatory capitalism, and then carefully didn’t prosecute those who masterminded the sub-prime scan. Socialists hate Wall Street. Obama breast-feeds it. And he sends the military to bomb every country he has heard of, which is very conservative. He is ideally qualified to be president of Guatemala. http://www.fredoneverything.net/UnderstandingEconomics.shtml


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The Hunger Wars in Our Future

The Great Drought of 2012 has yet to come to an end, but we already know that its consequences will be severe. With more than one-half of America’s counties designated as drought disaster areas, the 2012 harvest of corn, soybeans, and other food staples is guaranteed to fall far short of predictions. This, in turn, will boost food prices domestically and abroad, causing increased misery for farmers and low-income Americans and far greater hardship for poor people in countries that rely on imported U.S. grains. This, however, is just the beginning of the likely consequences: if history is any guide, rising food prices of this sort will also lead to widespread social unrest and violent conflict. Food — affordable food — is essential to human survival and well-being. Take that away, and people become anxious, desperate, and angry. In the United States, food represents only about 13% of the average household budget, a relatively small share, so a boost in food prices in 2013 will probably not prove overly taxing for most middle- and upper-income families. It could, however, produce considerable hardship for poor and unemployed Americans with limited resources. http://www.tomdispatch.com/blog/175579/tomgram:_michael_klare,_post-apocalyptic_fantasy_becomes_everyday_reality


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Economic Collapse Worse Than 2008 Looms

Peter Schiff, President of Euro Pacific Capital, predicts that the U.S. economy will weaken towards the end of the year and that the Federal Reserve will resort to Quantitative Easing 3. Eventually, in 2013, 2014, or 2015, we will see the economy collapse again, much like in 2008, but worse this time, and much worse for Europe. The dollar will tank while consumer prices shoot up, and the government will be forced to lay off workers and cut wages. The government will also default on treasury bonds and not pay back 100% of their value. http://americafirstsite.com/americafirstcom/?p=429#axzz20uNZYaxF


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A Eurocrash Is Baked in the Cake

At this point the Europeans are so craven and degraded they deserve to be indentured servants of the Chinese, which they will be. The debt they are using to finance their bulging bureaucracies, bloated welfare rolls, giant pensions, and so forth is largely coming from the banks. But the banks are all bankrupt too, partly because they’ve lent so much capital to bankrupt governments. So you’ve got two sets of bankrupt institutions trading debt back and forth between themselves. It doesn’t help to say that it’s the PIIGS that are in the worst shape, because it’s the banks in the supposedly wealthier countries that own the PIIGS’s debt. They are all tied together. http://www.caseyresearch.com/articles/doug-casey-eurocrash-baked-cake?ppref=GLD231ED0612A


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The Economic Collapse is Not a Single Event

Many people hype “the coming economic collapse” as if it is some kind of big summer Hollywood blockbuster. Many people out there write about it as if it is something that will happen in a single day or over a few weeks and that it will suddenly change how the entire world functions. But that is not how the financial world works. The financial world is like a game of chess – very slow and methodical. Yes, there are times when things happen very quickly (like back in 2008), but even that crisis played out over a number of months. Sadly, most Americans are not used to thinking in terms of months or years. These days, most Americans have the attention span of a goldfish and most Americans have been trained to expect instant gratification. They are simply not accustomed to being patient and to wait for things. Well, despite what you may have read, the economic collapse is not going to be a single event. http://theeconomiccollapseblog.com/archives/the-economic-collapse-is-not-a-single-event


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Modern Day Fairy Tale of 3 Economic Wizards (Except It’s True)

The average non-wizard, living in the real world, with an education level beyond 2nd grade, would quickly see the ridiculousness of making money go worthless. However, at the highest political levels, there is virtually no demand for common sense, and shockingly high demand for voodoo wizardry. http://globaleconomicanalysis.blogspot.com/2012/06/modern-day-economic-fairy-tale-except.html


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putnamvt

The day is coming when they won't be taking Jew Reserve currency in the 'East."

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How to Unscramble an Egg

For those of our readers who don’t understand the mess with the Euro and the pending exit from the Euro of Greece, here’s what you need to know. http://www.321gold.com/editorials/moriarty/moriarty052412.html


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It’s a Dead-Man-Walking Economy

The trend towards both partners in a marriage having to work really started in the early ’70s – after Nixon cut all links between the dollar and gold in August of 1971. Before then, in the “Leave It to Beaver” era, the average family got by quite well with only the husband working. If he got sick or lost his job, the wife was a financial backup system. Now, if something happens to either one, the family is screwed. I think, from a very long-term perspective, historians will one day see the ’60s as the peak of American prosperity – certainly relative to the rest of the world… but perhaps even in absolute terms, even taking continued advances in technology into account. Maybe the ’59 Cadillac was the bell ringing at the top of that civilizational market. http://www.zerohedge.com/news/guest-post-its-dead-man-walking-economy


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17 Quotes About the Coming Global Financial Collapse That Will Make Your Hair Stand Up

Is the world on the verge of another massive global financial collapse? Yes. The western world is drowning in an ocean of debt unlike anything the world has ever seen before, and our financial markets are gigantic casinos that are dependent on huge mountains of risk and leverage remaining very stable. In the end, this house of cards that has been built on a foundation of sand is going to come crashing down in a horrifying manner. http://theeconomiccollapseblog.com/archives/17-quotes-about-the-coming-global-financial-collapse-that-will-make-your-hair-stand-up


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Fearing an Even Worse Inflationary Depression Ahead

Since the 1960s credit and money creation has run rampant making a mockery of sound money – a global system dependent on unrestrained credit. Wall Street and the City of London love such an environment in spite of the distortions, because such policies encourage speculation and greater profits. One must remember that the very brightest have hatched this monetary abomination. They had full knowledge of what the results of their work would eventually lead too. Now these same people are surprised at the results of their looting of the system. http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Fearing_An_Even_Worse_Inflationary_Depression_Ahead


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LabMan

Some positive remarks made here about The Germans,that's always good to hear,we then read,"one must remember that the very brighest have hatched this monetary abomination.They had full knowledge of what the results of their work would eventually lead too"!,I wonder who those "very brightest" could be?.The destruction of the White middle class is the goal,and the coming inflation problems will just about do it.The August edition of The Nationalist Times lead story is written by Mark Dankof,The Fawning Corporate Media--FCM Lying On Behalf Of The State,this writer gives us a solid look at who owns the FCM,and it seem that they are "the very brighest also"!,Mr Dankof then connects events in the Middle East,and the horrific events of 9/11,"Israel needs a diversionary event to refocus attention away from Gaza,the West Bank,and East Jerusalem",this writer leaves to our imaginations what that/those events may be.a solid read here!

JamesinUSA

jared, simplicity is bliss!

jaredsparks10

Let us reframe it a little, like this: “The Federal Reserve corporation, a private entity with stockholders and with only a few actual ties to the U.S. government,” manipulates interest rates.

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More Temporary Solutions to Long-Term Economic Problems

The lifeblood is being sucked out of America by free trade, globalization, offshoring and outsourcing. Over the past 11 years manufacturing jobs have fallen by 11.7 million and 440,000 businesses have been lost. Those figures should make Americans very disturbed, when it is obvious that American business, and the House and Senate are aiding and abetting in this job destruction, which has not only ended the American dream, but the destruction of the American economy. http://www.theinternationalforecaster.com/International_Forecaster_Weekly/More_Temporary_Solutions_To_Long_Term_Economic_Problems


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Sovereign Investor

It's a shame what's happening to the value of our U.S. dollar and currency. The American economy is surely collapsing around us, which is why investors need to look abroad for better yields and bigger gains through currencies and economies that are safe and growing.

Le Blanc

Election outcomes in this country are frequently determined by small numbers of swing voters. However, who we get to vote for is determined by a handfull of very influential folks at the head of both parties. We only get to vote for one of the two candidates they want us to vote for. Thus, all election results are pre-determined to favor the globalists. Third party candidates can easily be defeated by the MSM even before the elections. I hate commies, but sometimes they are accurate. Mao said, the only true polical power comes from the barrel of a rifle. Vote from the roof tops?

LabMan

So many warnings,so many very intelligent internet writers,and investigative reporters telling us what the above article does,we here,and those folks at other very solid sites know that all of this is true,a very large segment of our population dependent on the mainstream media do not believe any of it,they are hiding inside of a mental matrix that they and their enablers have built,guarding the gates of that matrix is the old standby,cognitive dissonance!,as Fred Reed Says,"The Monkey Can't Let Go".

Swamp Fox

The destruction of our currency for the purpose of financing the globalist empire is what has caused outsourcing and insourcing. Americans tried to get cost of living raises every year to keep up with monetary inflation. Thereby unwittingly pricing themselves out of the world labor market. I'm told 60% of Chinese companies are actually American owned. The US Chamber of Commerce actually supports illegal immigration through legal assistance. So, by printing excessive amounts of money, the globalists have destroyed our demographics, our economy, and our future. Both major parties are owned by the globalists. You won't vote your way out of this.

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Spain’s Giant Post-Debt Hangover

Viva la revolution! Spain’s youth are staging boisterous but peaceful protests across the country that many call the Iberian version of the popular revolutions sweeping the Arab world. http://lewrockwell.com/margolis/margolis244.html


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The Big Lie

I believe the markets are heavily manipulated to paint a picture. However, I also believe that markets always win in the end. This is a war in which the super elite will not give up or reform the system on their own accord. This is not just a battle for money it is a part of a much larger battle for souls. Therefore, they will employ as aggressive and deadly tactics in markets as they do overseas when they launch wars every other week. That is what I think has happened this week. So is it over? I have no idea but I like buying physical silver again at these levels and I also love the mining shares here. I have NEVER been more bullish on physical gold and silver right now. http://maxkeiser.com/2011/05/05/guest-post-the-big-lie/


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AmericanNationalist

I like the photograph in this article because it is one of the least bizarre. The strategy to take in waking up the blue collar class is to keep articles honest and simple with photographs that compliment articles of important issue. Blue collar Americans do not understand globalism. Americans believe they make up for it by placing complete trust in their government while hiding behind spatulas and fork lifts. To regain American's attention, and thus trust, articles have to be simple and entertaining without detracting from their importance. When Americans go to a football game it is a fact that less than half of the fans present know how the game is played. Our leaders, in particular, our teachers and professors refuse to address it due to being high minded. That is why the Bernankes of the world exploit America.

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People Of Earth: Prepare For Economic Disaster

It is not just the United States that is headed for an economic collapse. The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe. http://theeconomiccollapseblog.com/archives/people-of-earth-prepare-for-economic-disaster


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Andrew

Let's get serious you'all; our government officials are taking care of their families first, we need to preparing our own families and our neighborhoods by stocking up on food supplies and ammo.

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What’s Driving the Surge in Auto Sales?

Why would the big car dealers want to get caught up in another enormous subprime meltdown? How do they benefit from issuing loans to people who may not be able to repay the debt? Ahh, that’s the mystery of securitization, Wall Street’s magical profit-booster. The dodgy loans are tossed into the food processor with other savory nuggets, ground to perfection, lightly doused with a triple-A rating, and sold to as bonds to “yield seeking” institutional investors from Schenectady to Milan. It’s all part of the new earnings paradigm that places financial alchemy (“innovation”) above productivity and wealth creation. But, we’re getting ahead of ourselves. First of all, we need to remember that workers wages have stagnated for the last 30 years, unemployment is at 9%, and consumers are still deleveraging from losses they sustained during the financial crisis. It will take a while to get their debt-to-disposable income levels back to historic trend which means that they will have to save more and spend less. Naturally, that’s bad for auto sales. So, the only way the dealers can drum-up demand is via credit expansion, which means seducing people into borrowing more than they might be able to handle. What’s important to understand, is that the dealers make more on financing then they do on the sale of the car itself. http://www.counterpunch.org/whitney03042011.html


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Public Debt: Unsustainable and Simply Unpayayable

Public debt has become a problem worldwide. What is becoming more and more evident is that it is unsustainable and simply unpayable. It could be compared to a giant Ponzi scheme. We see no meaningful debt reductions thus, government will have to raise taxes, which will further suppress the economy, or people and companies will be forced to buy such bonds, or perhaps pension and retirement funds will be seized to continue the game for a while longer. http://globalresearch.ca/index.php?context=va&aid=23347


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47 Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting The Stage For A Global Economic Meltdown In 2012

Sadly, very little has changed since the world financial system experienced almost a complete meltdown back in 2008. Global financial markets are still a whirlpool of debt and speculation. One really bad week could put us right back where we were prior to the infamous Wall Street bailouts. Very little in our world is truly stable anymore. As we have seen recently in Egypt, the globe can literally change almost overnight. All it would take is for one really bad event to happen and world financial markets would instantly start imploding. So when will the coming economic collapse happen? Nobody knows for sure, but the fact that the global economy is increasingly becoming less stable as we approach the year 2012 is making a lot of people very nervous. http://endoftheamericandream.com/archives/47-statistics-that-indicate-that-economic-stress-points-in-2011-could-be-setting-the-stage-for-a-global-economic-meltdown-in-2012


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realgeorge

Many of my idiot friends and relatives, in mainstream USofA, are back fully invested in the US Stock Market, with whatever meager assets they had left from the 2008 debacle. The follow-on crash will finish them off once and for all. And I'll be the butt of double-derision from my closest contacts. They're angry at me now for being right about the 2008 crash, and daring to warn them starting in 2002. They're angry at me for not bailing them out after they got squashed in 2008. They're angry at me again for suggesting that only a non-recovery has occurred since 2008. When the big one hits again, probably in 2012, somehow, once again, as the grinchy old White Nationalist truth-teller, when they get waxed again, it will be my fault

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America Has Fewer Jobs Today than it Did at the Turn-of-the-Century

America’s jobs crisis began a decade ago. Long before the housing bubble burst and Wall Street melted down, something in our national job-creation machine went horribly wrong.

The years between the brief 2001 recession and the 2008 financial collapse gave us solid growth in our gross national product, soaring corporate profits, and a low unemployment rate—but job creation lagged stubbornly behind, more so than in any economic expansion since World War II.

The Great Recession wiped out what amounts to every U.S. job created in the 21st century. But even if the recession had never happened, if the economy had simply treaded water, the United States would have entered 2010 with 15 million fewer jobs than economists say it should have.

http://www.nationaljournal.com/member/magazine/what-happened-to-15-million-u-s-jobs–20110120


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Michael C. Scott

Meanwhile, high-tech executives are still clamoring for all the H-1b visas they can get, because American citizens "don't want" $60K jobs in the microelectronics industry anymore.

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Economic Trends to Watch in 2011

If you only watch the “economic pundits” on television, it can be very confusing to figure out exactly what is happening with the U.S. economy. One pundit will pull out a couple statistics that got a little bit better over the past month and claim that we have entered a time of solid recovery. Another pundit will pull out a couple statistics that got a little worse over the past month and claim that we are headed for trouble. So what is the truth? Well, if you really want to get a clear idea of what is really going on you have to look at the long-term trends. There are some economic trends which just keep getting worse year after year after year, and it is those trends that tell the real story of the decline of our economic system.

As you examine the long-term trends, you quickly come to realize that the U.S. is trapped in an endless spiral of debt, the middle class is being wiped out, the U.S. dollar is being destroyed and America is rapidly becoming a post-industrial wasteland.

http://www.gcnlive.com/wp/2010/12/15/16-nightmarish-economic-trends-to-watch-carefully-in-2011/


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Economic ‘Recovery’ Watch: 100 U.S. Cities $2 Trillion in Debt, Facing Bankruptcy

Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the U.S. economic recovery. Nor are European cities safe – Florence, Barcelona, Madrid, Venice: all are in trouble. http://www.guardian.co.uk/business/2010/dec/20/debt-crisis-threatens-us-cities


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Quantitative Easing Explained

http://www.youtube.com/watch?v=PTUY16CkS-k


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Things Americans Don’t Make Anymore

Another American icon has bit the dust: Pontiac.

GM is canceling the 84-year-old brand after winding down production over the past few years. Like other American automakers, it is restructuring and rebranding to compete with foreign companies.

Pontiac joins a long list of iconic products that aren’t made anywhere in America.

Meanwhile, plenty of beer is still made here, but many of America’s most-iconic beer brands, including Miller, Coors, and Budweiser, are owned by foreign companies. In 2008, Anheuser-Busch, the St. Louis-based company that has a nearly 50 percent market share in the U.S., was sold to InBev, a Belgium-based conglomerate run by Brazilian executives. In the accompanying video, Julie McIntosh, author of Dethroning the King: The Hostile Takeover of Anheuser-Busch, an American Icon, discusses the deal with Yahoo! Finance economics editor Daniel Gross.

http://finance.yahoo.com/tech-ticker/19-iconic-products-that-america-doesn%27t-make-anymore-535569.html?tickers=f,ge,mat,DELL,MOT,aapl,bni


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Reinhardt

Well, no one can say they were not warned. George W. Bush said that outsourcing was good for America. I wonder what Union he was a member of that is out to destroy this country. In Germany, in the 1930's, Hitler built Autobahns, cars, and put people to work. In America, since Reqgan, presidents/CEO's strive to put people out of work, on welfare, and dependent on the government. Take a look at Haiti and Zimbabwe to see what is in store for you!

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The Deflation Bogeyman

Declining prices are not necessarily bad. The Fed plans to add massively to the supply of phony money by monetizing the Federal debt with QE2, its latest multi-trillion dollar intervention to manipulate the financial system and to control business production and employment decisions. The effect, in the short run, is to inflate further the developing stock market bubble, preparing the way for our next inflation-induced recession. In the long run, we the people are to be robbed of the purchasing power of our salaries, wages, and retirement incomes by the disguised tax of inflation. Fed chairman Bernanke’s Keynesian, socialist rationale for this crime against society is his fear of deflation, a fear belied by prices of commodities that are increasing at an accelerating rate. But let’s hypothetically accept chairman Bernanke’s fantasy and suppose that, in the present economy, prices were stable or beginning to decline. Is all deflation necessarily bad? http://mensnewsdaily.com/2010/11/07/the-deflation-bogeyman/


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The Calm Before the Storm

An eerie calm has descended upon world financial markets as they await perhaps the two most important financial events of the year this week. On Tuesday, investors will be eagerly awaiting the results of one of the most anticipated midterm elections in U.S. history. On Wednesday, the Federal Reserve is expected to end months of speculation by formally announcing the details of a new round of quantitative easing. If either the election or the meeting of the Federal Reserve open market committee delivers a highly unexpected result, it could have a dramatic impact on world financial markets. In fact, many are looking at this week as a potential turning point for the U.S. economy. The decisions that are made or not made this week could set us down a road from which the U.S. economy may never recover. http://www.lewrockwell.com/rep/calm-before-the-storm.html


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U.S. ‘Quantitative Easing’ is Fracturing the Global Economy

Great structural changes in world trade and finance occur quickly – by quantum leaps, not by slow marginal accretions. The 1945-2010 era of relatively open trade, capital movements and foreign exchange markets is being destroyed by a predatory financial opportunism that is breaking the world economy into two spheres: a dollar sphere in which central banks in Europe, Japan and many OPEC and Third World countries hold their reserves the form of U.S. Treasury debt of declining foreign-exchange value; and a BRIC-centered sphere, led by China, India, Brazil and Russia, reaching out to include Turkey and Iran, most of Asia, and major raw materials exporters that are running trade surpluses. What is reversing trends that seemed irreversible for the past 65 years is the manner in which the United States has dealt with its bad-debt crisis. The Federal Reserve and Treasury are seeking to inflate the economy out of debt with an explosion of bank liquidity and credit – which means yet more debt. This is occurring largely at other countries’ expense, in a way that is flooding the global economy with electronic “keyboard” bank credit while the U.S. balance-of-payments deficit widens and U.S.  official debt soars beyond any foreseeable means to pay. The dollar’s exchange rate is plunging, and U.S. money managers themselves are leading a capital flight out of the domestic economy to buy up foreign currencies and bonds, gold and other raw materials, stocks and entire companies with cheap dollar credit. http://globalresearch.ca/index.php?context=va&aid=21716


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60 Minutes: The Real Unemployment Rate is 17% (Video)

CBS: “The national unemployment rate of 9.5% percent sounds incredibly high and of course, it is. But, it doesn’t nearly capture the depth of the trouble. It doesn’t count the people who’ve seen their hours cut to part-time, it doesn’t count the people who’ve quit looking for work. If you add all of that together, the unemployed and the underemployed, it’s not 9.5% percent, it’s 17% and here in California it’s 22%.”

http://www.realclearpolitics.com/video/2010/10/24/60_minutes_the_real_unemployment_rate_is_17.html


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New Study Predicts Dire Outcomes for Pension Systems in Major U.S. Cities and Counties

History has shown that economic stability comes from a “pay as you go” approach, but candidates get elected by promising to spend money they do not have to buy goodies for their supporters and dump the bill on a future generation that is larger, more productive, and can afford the payments. And for almost 100 years the scam worked. But now we have reached a time when the next generation is smaller, the nation far less productive, the system floated along with printing-press notes, and nobody has real wealth to pay the accumulated bills. The system is crashing, but nobody wants to be the one to have to stand in front of the TV cameras and admit the US Government has screwed the entire nation. http://www.prnewswire.com/news-releases/new-study-predicts-dire-outcomes-for-pension-systems-in-major-us-cities-and-counties-104750524.html


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Michael C. Scott

Only two words are needed to describe the mechanics of a "pay as you go" system: These are "Ponzi" and "Scheme". Coming soon to a Social (in)Security office near you.

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Bernanke Tells the Truth — U.S. on Brink of Financial Disaster

Yesterday, Federal Reserve Chairman Ben Bernanke delivered a speech before the the Annual Meeting of the Rhode Island Public Expenditure Council in Providence, Rhode Island. In the speech, he warned about the current state of the government finances. His conclusion, the situation is dire and “unsustainable”. It is remarkable that mainstream media has given this speech no coverage. I repeat, the central banker of the United States says in his own words: http://www.economicpolicyjournal.com/2010/10/bernanke-tells-truth-united-states-is.html


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JamesinUSA

Fox News has everybody so worried about the Muslims in this country they're oblivious to the Jewish control and manipulation that's been going on for decades over their lives and it's all by design. To keep us diverted from realizing what's really going on. For those in the know, it's not what people like Glenn Beck says, but rather what he fails to say that makes all the difference. One can agree with 99% of what the man has to say but it's that 1% of what he doesn't say that's allowing our people to be systematically destroyed by our enemies. When Glenn Beck had before him tens of thousands of supporters in the Washington Mall, instead of telling them to go home and pray, he should have said follow me, right up to the Capital building and White House, took possession in the name of the people, and with a few Congressmen hanging from the nearest light posts for dramatic effect, proclaimed, 'Hear the Revolution begins!' I think even he would be surprised at how many Grand Pa's , Grand Ma's and common people would have been more than happy to ablige. But as we well know. Beck didn't say, follow me! He did what all the other Conservative talking heads do,and that's always fall just short of taking any real action. We don't need a Contract with America or a Pledge with America, we need a full blown Revolution!

Luke

Ditto, JamesInUSA. Need an example of just how brainwashed and absolutely clueless the typical white guy is about who enemy Numero Uno is of White, Western Civilization? Recently, I had a need to have a door replaced and contracted with a local hardware store. The door installer guy arrives, and while he is working on the door replacement - I walked outside and struck up a conversation about politics, current events, and this phony global war on all of Israel's enemies and whoever else the jews hate and want us to either kill for them, or steal something of value that a given nation might have that our criminal neo-cons crave to steal by force. Anyway, this white guy was the typical Faux News programmed doofus - and he had most of the standard, white conservative views and positions on most of the regular issues, but this guy said he was a big fan of Faux News and swore that they were 'legitimate' conservatives and were right on nearly all the important issues, and all of the other network stations were left-wing, liberal, and borderline Communist and he was so happy now to have Faux News to watch. I tried to point out to this numbskull that the same 3% ethnic cabal who owned and controlled all of the openly Communist networks also owned and controlled Faux, and that they had deliberately established that network with the intent of using it as a controlled opposition vehicle, in order to snooker the American public and the traditional white, conservative majority into 'thinking' they had a voice. However, once you peel back the layers on that Faux onion, what you find is the same globalist, Israel First, war mongering for Israel's benefit, open borders, anti-white, anti-Western, endless promotion of moral degeneracy, pushing miscegenation-is-cool-and-trendy kind of destructive garbage which is being pushed by all of the other networks. This white guy then brings up Glen Beck, and asks me what I think about this guy? He was clearly under the spell of this Judas Goat - so, I asked him to explain why Glen Beck - during his recent rally which consisted of an audience that was 99.99% White - decides to spend most of his time telling those white Americans that they need to worship a known Communist, a known serial fornicator, a guy who had to have his FBI file sealed for 25 years, a Marxist, subversive Negro named Martin Luther King, Jr.? I asked why, if Beck was a true 'conservative' and not a highly paid Judas Goat - why didn't he advise his white audience to view some famous, far more deserving, white ancestor like Robert E. Lee as a hero? As expected, the guy really didn't have any answers to any of my probing questions - since he was obviously not accustomed to doing any critical thinking or analysis, and I would contend that this is probably the #1 problem with the White race today. Its easier for most whites to simply parrot what they have heard from Faux News - which means they are allowing our enemy's controlled opposition to plant their anti-white, anti-Western, anti-American, pro-globalist, pro-Israel, pro-MLK worship brainwashing into their heads and this pacifies these kinds of intellectually lazy whites and prevents them from thinking outside of the narrow box that the owners of Faux News wants to keep them penned inside. Oh, and one last thing: At one point, this white guy expresses a concern about 'Sharia Law' being a big problem and that he was afraid that those 'Muslims' were trying to impose it here in America. That was a talking point straight out of the daily barrage of Faux news propaganda - and at this point, I realized that I was having a conversation with a television set which happened to have a set of human ears. I then tried to explain to this guy that our real concern was the effort to impose Talmudic Law upon America - but, by that time, I had concluded that this guy was unreachable. Media control, folks. Whites absolutely must find a way to take our media away from our enemy.

JamesinUSA

Our economy isn't the only thing unsustainable. If current trends continue our white race will be unsustainable as well. We are facing the greatest crisis this nation has ever known since the War Between the States.

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15 Bone Chilling Signs That Part Two Of The Double Dip Housing Crash Has Begun

These are harrowing times for anyone trying to sell a home or for anyone who is trying to make a living in the housing industry. But unfortunately, there are a whole lot of signs that things are about to get quite a bit worse. http://endoftheamericandream.com/archives/15-bone-chilling-signs-that-part-two-of-the-double-dip-housing-crash-has-begun


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Gold Rebounds, Dollar Plummets, Higher Inflation is on the Way

Gold has again broken out to new highs and silver is on the cusp of doing so as well. Unfortunately more than 95% of the pundits were not on board; they believed it was going lower. The fight for monetary supremacy between the dollar and gold for over the past 16 months has been won by gold and that is why gold is moving higher and the dollar lower. The recent intervention in the currency markets by Japan, ostensibly to weaken the yen, assisted by the U.S. and foreign central banks, won’t strengthen the dollar for any appreciable period of time. The U.S. dollar has broken down and there is no going back. http://globalresearch.ca/index.php?context=va&aid=21094


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Conrad

"That could lead to hyperinflation. That then would eventually be followed by a bursting of the bond and stock market bubbles, a loss of control by the Fed and the Treasury and massive deflation. In this latter scenario government stimulus would no longer be effective. This is what happened in the late 1930s and as a result we had another war. What we are seeing now is an exodus of investors from the stock market to bonds, commodities and gold and silver." == we had another war == If this is what is going to happen, we need to see to it that whites are not the ones DOING THE DYING THIS TIME! See article @ http://globalresearch.ca/index.php?context=va&aid=21094

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The Swelling Housing Backlog

Home ownership has become an albatross. Prices are falling, demand is weak, foreclosures are soaring, and inventory is backed up to the moon. If there’s an upside, it’s a mystery to me. Many of the people who bought homes in the last 6 to 7 years, realize now that they were caught in a massive mortgage laundering scam. The banks lured unqualified applicants into “easy-term” loans to so they could peddle their “fishwrap” mortgage paper to clueless investors. The con worked so well, that housing prices doubled or–in some cases–tripled in value. But the inflated prices did not reflect supply/demand fundamentals. They reflected fraud– industrial-scale fraud that created an $8 trillion housing bubble. Now the bubble has burst and prices are returning to trend. That means foreclosures will rise while millions of homeowners will slip deeper into the red. http://www.counterpunch.org/whitney09172010.html


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Conrad

"The banks lured unqualified applicants into "easy-term" loans to so they could peddle their "fishwrap" mortgage paper to clueless investors." Not so. The banks where forced into the business of making loans to the unqualified by the Federal Government, and the so called civil rights organizations. The unqualified where not lured, they walked in on their own power,the so called civil rights organizations made sure to inform the unqualified about the new loan structures.

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IMF Fears ‘Social Explosion’ From World Jobs Crisis

America and Europe face the worst jobs crisis since the 1930s and risk “an explosion of social unrest” unless they tread carefully, the International Monetary Fund has warned. http://www.informationclearinghouse.info/article26361.htm


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Financial Crisis Ended the Era of Free Market Capitalism

The global financial crisis just might give those in the U.S. who advanced the idea of a “new world order” their wish – but not exactly in the way they wanted. Ian Bremmer, president of Political Risk Research, and influential economist Nouriel Roubini lay out a compelling argument in the September Institutional Investor asserting that the free-market system of capitalism has been so damaged by the recent financial crisis that the U.S., Europe and Japan face a future in which they will struggle to keep pace with deep-pocketed developing nations like Brazil, India, China and Saudi Arabia. The result could be a world in which the Western political and economic dominance that existed prior to the crisis is gone, with little hope of coming back. http://www.informationclearinghouse.info/article26336.htm


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The Middle Class in America Is Radically Shrinking

Increased government regulations and meddling is resulting in the destruction of the middle class. If you are part of the favored elite, things are just fine. If you are savvy, you can still do well, but for the person who simply expects to climb step by step via salary to a better life, things are not so good. http://www.economicpolicyjournal.com/2010/09/middle-class-in-america-is-radically.html


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There’s No Economic Recovery

The American public is alarmed at what they see going on. Most of them do not understand what has been done to them. The propaganda fed to them daily has them completely confused and that is understandable. They know the financial sector has been bailed out and they somehow have to pay the bill. They have been deceived and few of them want to admit it. They have been told their economy is in recovery, but improvement is nowhere to be found. Government tells them inflation is 1.6% when they know it’s certainly higher than that and has been for some time. The only beacon of light, if they can discover it, is the truth of talk radio and the Internet. Through these methods of communication the truth can be found and it is reaching all around the world. http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Claims_of_Recovery_But_Results_Nowhere_To_Be_Found


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The Solution to the “Off-Shoring” of the American Economy: Made to Order Manufacturing

Manufacturing has been getting smaller, cheaper, and more flexible for years. It’s now possible to make products as sophisticated as smart cel-phones, PDAs, toys, clothing, books, and even houses in almost any shape or form you want down to very small numbers. The mass production barrier has fallen, so that today, it’s possible for a home inventor, hobbyist, or crafter to create almost anything by assembling one-off manufactured components, either from a service or from affordable home-fabrication equipment (or a combination of these).

Once upon a time, almost everything was made to order — one unit at a time. In the early to mid 19th century, though, that changed, along with the industrial revolution, and it became much cheaper to “mass produce” products. Over time, these economies of scale became so great that more and more expensive-to-prototype devices became commonplace.

http://www.freesoftwaremagazine.com/columns/made_order_revolution_custom_flexible_manufacturing_here


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Michael C. Scott

I made a very effective electromagnetic coilgun a few years ago using this sort of approach. Mail order of components has been made much easier with online search. A lot of the big distributors like McMaster & Carr don't even print paper catalogs anymore; everything is online.

Reinhardt

Can this "new" techno-system produce steel, mine coal, or manufacture drilling rigs? After the jobs are "off shored", who is going to be left to pay taxes to purchase the items necessary for the governments war machine, or the gifts to israel every year? Are the rich zionists/communists going to pay? We are all going to pay, but not in monetary terms!

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One in Ten With a Mortgage Face Foreclosure

One in 10 American households with a mortgage was at risk of foreclosure this summer as the government’s efforts to help have had little impact stemming the housing crisis. About 9.9% of homeowners had missed at least one mortgage payment as of June 30, the Mortgage Bankers Association said Thursday. http://www.usatoday.com/money/economy/housing/2010-08-26-mortgages-foreclosure_N.htm


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The Multi-Trillion Dollar Debt and What It Means to Your Standard of Living Right Now

Current U.S. debt stands at $13,363,228, 000, 000. This number is often broken down on a per capita basis, currently $44,000. http://www.economicpolicyjournal.com/2010/08/multi-trillion-dollar-debt-and-what-it.html


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The Economy is in Big Trouble

Policymakers at the Fed, the Treasury, the White House and the Congress now look on as the foundations of the so-called recovery crack before their very eyes. Many of their careers will undoubtedly follow the economy down the drain. As the stimulus runs out, unemployment will rise, deleveraging and debt liquidation will gain momentum, and the economy will succumb to a second vicious contraction. http://www.counterpunch.org/whitney08192010.html


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Time is Running Out for the West

The Great Recession has dramatically shrunk the time left for the big AAA states to prevent a full-blown sovereign debt crisis as their demographic time-bomb threatens, US rating agency Moody’s has warned. http://www.telegraph.co.uk/finance/economics/7950775/Time-is-running-out-for-the-West.html


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A Permanent Housing Collapse?

The housing market appears to be on a never-ending downward spiral, with the much-discussed “recovery” always around the next corner. The reasons that such a recovery is impossible at the moment should be obvious: millions of people do not have jobs; millions of others work only part time; millions more work fulltime but make very little money; and additional millions fear losing their jobs. Under these circumstances, there can be no recovery in the housing market, which will continue to contribute to the broader depression-like economy in the U.S. http://www.globalresearch.ca/index.php?context=viewArticle&code=COO20100817&articleId=20659


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Jobless Millions Signal Death of American Dream for Many

Richard Gaines is one of the best-known faces on Camden’s Haddon Avenue. It is a rough-and-tumble street, lined with cheap businesses and boarded-up houses, and is prey to drug gangs. Gaines, 50, runs a barbershop, a hair salon and a fitness business. He works hard and is committed to his community. But Haddon Avenue is not an easy place to make a living in the best of times. And these are far from the best of times.

Just how badly the great recession has struck this fragile New Jersey city, which is currently the poorest in America, was recently spelled out to Gaines. In happier times – whatever that might mean for a city as destitute as Camden – local businesses on Haddon Avenue could at least rely on a bit of trade from those who made their money on the street.

http://www.guardian.co.uk/world/2010/aug/15/jobless-millions-death-american-dream


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15 Economic Statistics That Just Keep Getting Worse

The U.S. government cannot create real wealth out of thin air. It can borrow even more money and flood the economy with even more paper currency, but the short-term “buzz” that creates does absolutely nothing to solve our long-term economic problems. It is the private sector that actually creates wealth. But unfortunately, over the last several decades we have allowed that wealth to become highly concentrated. Now the giant global predator corporations have decided that American workers aren’t really that desirable after all. They are slowly taking away their factories and their offices and they are moving them to where people are willing to work for one-tenth the pay. http://theeconomiccollapseblog.com/archives/15-economic-statistics-that-just-keep-getting-worse


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Reinhardt

There is only one job/purpose for Americans. That is cannon fodder for the Zionist New World Order! Question is, how long can that cannon keep firing after American tax dollars run out from lack of jobs? All of the greedy corporate heads should be arrested for treason, tried, convicted, and dealt with in an appropriate manner for treason.

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Economy Teeters on the Brink

It’s just the same old, same old, business as usual in America. The Fed creates money out of thin air, uses it to keep the economy from teetering over the edge of destruction as ludicrous salaries and bonuses are collected by Wall Street Illuminists and as US consumers are deceptively informed that we have green shoots sprouting up and that recovery is just around the corner. So go out and borrow, borrow, borrow, and spend, spend, spend, so US transnational conglomerates can continue to generate their off-shore, untaxed profits to pay Illuminist salaries and bonuses for their henchmen in Corporate America. http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Economy_Teeters_On_The_Brink_and_Market_Manipulation_Continues


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Economic Warnings From Two Respected Analysts

Two widely respected economic commentators, Harvard’s Niall Ferguson and Nassim “black swan” Taleb, have offered highly pessimistic assessments of what lies ahead for the American economy. Information like this is widely ignored by investors in weeks when they have decided that nothing can stop them: they will get rich by investing in the American stock market, no matter what. On July 21, Ben Bernanke told the Senate Banking committee that “the economic outlook looks unusually uncertain.” Stocks fell sharply as soon as he gave his testimony. But the Dow Jones Industrial Average recovered at the opening bell the next day, and then rose by almost 400 points over the next three business days. There was no news that countered Bernanke’s assessment. Investors simply shrugged it off. http://www.lewrockwell.com/north/north870.html


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Home Foreclosures Expected to Top 2009 Levels

More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans. Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service. http://www.dailybreeze.com/latestnews/ci_15522613


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Economics in Freefall

Offshoring transforms American workers’ wages into performance bonuses for executives, capital gains for shareholders, and honoraria and research grants for economists who shill for the practice. The problem that the U.S. economy faces is far more serious than the financial crisis resulting from financial deregulation. The reason that traditional monetary and fiscal policies cannot produce an economic recovery is that so much of the U.S. economy has been moved offshore. As the jobs have departed, there is no work to which low interest rates and massive government spending can recall workers. http://www.counterpunch.org/roberts07152010.html


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The U.S. Economy Is A Dead Horse And The American People Are Starting To Get Really Angry And Frustrated

The economic frustration of the American people is reaching a fever pitch. Millions of Americans can’t seem to get a good job no matter what they do. Millions of others are working as hard as they can but find that they keep coming up short at the end of the month. Record numbers of Americans are still going bankrupt. Record numbers of Americans are still losing their homes. Meanwhile, the U.S. economy is a dead horse at this point. It just doesn’t have any more to give. At this point the U.S. economy is like an aging rock star that requires larger and larger doses of drugs each night just to be able to perform. http://poorrichards-blog.blogspot.com/2010/07/us-economy-is-dead-horse-and-american.html


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Banks Repossessing Homes at Record Pace

Banks took control of 269,962 properties in the second quarter, up 5 percent from the prior quarter and a 38 percent spike from the second quarter of last year, RealtyTrac said in its midyear 2010 foreclosure report. Repossessions will likely top 1 million this year. “The underlying conditions haven’t improved,” RealtyTrac senior vice president Rick Sharga said in an interview. The housing market still grapples with “unemployment, economic displacement in general, and still sits on over 5 million seriously delinquent loans that in all likelihood will at some point go into foreclosure,” he said. http://news.yahoo.com/s/nm/20100715/us_nm/us_usa_housing_foreclosures


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U.S. Economy Stuck in Misery

The middle class is dead. The U.S. has produced a self-sustaining two-class society. Most Lower Class Americans are in bad or uncertain economic shape but the rich and powerful Upper Class crowd keeps making and spending money as if there has been no recession. Talk about a possible double-dip recession misses the larger reality: For many millions of Americans the first recession is still here; there has been no recovery for them. Too bad President Obama cannot comprehend that. It’s nice that 23 percent of people believe that his policies have made economic conditions better. Maybe they got the change they were waiting for. http://onlinejournal.com/artman/publish/article_6081.shtml


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More Red Flags for the Economy

Businesses and households have started to hoard and the cycle of deleveraging is still in its early stages. The winding down of the Fed’s liquidity programs comes at the same time as Obama’s fiscal stimulus begins to run out. Bank reserves are not getting into the hands of the people who will spend them and increase economic activity. These things all indicate a generalized tightening in the money supply. Soon, incomes will begin to contract and the CPI will turn from disinflation to deflation. Aggregate demand will weaken as households and consumers hunker down and increase personal savings. The financial crisis may be over, but the Depression has just begun. http://www.informationclearinghouse.info/article25879.htm


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Guess What America? Your Cities And States Are Flat Broke

Now that the economic boom times of the earlier part of the decade are over, cities and states across America are going bust. In fact, for a growing number of local governments throughout the United States, there is no getting around the fact that “flat broke” accurately describes the situation that they are facing. http://endoftheamericandream.com/archives/guess-what-america-your-cities-and-states-are-flat-broke


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UN Calls for Dumping US Dollar

The dollar plunged today following a United Nations report which called for the greenback to be replaced as the global reserve currency by the International Monetary Fund’s special drawing rights (SDRs). The dollar’s trend of moving inversely to the stock market has seemingly been snapped, with the Dow Jones falling over 100 points at one stage today. However, as soon as markets began to claw back losses, the greenback failed to follow suit, indicating that whichever way markets move, the dollar is in big trouble. The UN report called for “abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value,” according to Reuters. http://www.prisonplanet.com/dollar-plunges-after-un-call-to-ditch-greenback.html


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Weak Economic Data Suggests There Is no “Recovery”

WASHINGTON (AP) – Fears that the economic recovery is fizzling grew Thursday after the government and private sector issued weak reports on a number of fronts.

Unemployment claims are up, home sales are plunging without government incentives and manufacturing growth is slowing.

Meanwhile, 1.3 million people are without federal jobless benefits now that Congress adjourned for a weeklong Independence Day recess without passing an extension. That number could grow to 3.3 million by the end of the month if lawmakers can’t resolve the issue when they return.

http://apnews.myway.com/article/20100701/D9GMF6SG2.html


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Be Afraid, Be Very Afraid

Tick, tick, tick. . . http://usdebtclock.org/


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Suiting Up for a Post-Dollar World

There is fresh evidence that time is running out for the dollar-centric global monetary order. In fact, central banks outside the US are already making swift and discrete preparation for a post-dollar era. http://www.lewrockwell.com/orig11/browne-j1.1.1.html


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New Home Sales Plunge 33 Percent

Sales of new homes collapsed in May, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer receive government tax credits. The bleak report from the Commerce Department is the first sign of how the end of federal tax credits could weigh on the nation’s housing market. http://finance.yahoo.com/news/New-home-sales-plunge-33-pct-apf-1718773153.html?x=0&.v=1


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Grim Outlook for the Global Economy

I just attended a conference put on by the Dutch firm DSM in Interlaken, Switzerland that featured noted economist Nouriel Roubini, who predicted the American crash of 2008. Knick-named “Dr. Death by the media,” he warns of grim economic times ahead: deflation; rising unemployment; increased taxes; overcapacity; and negative growth. I have long agreed with his outlook. According to Roubini, for the US, the second half of 2010 will be worse than the first. US industrial capacity has fallen from 70 to 65%. Restocking depleted inventories is complete. The United States, 25% of the global economy, can’t rein in its spending or cut debt. President George Bush inherited a surplus and went on to create the biggest deficit in US history (excepting WWII). Now, President Barack Obama is making matters worse by piling on more unsustainable debt. http://www.ericmargolis.com/political_commentaries/the-view-from-istanbul.aspx


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Owe Money? Be Careful, or You Might End Up in Jail

Owing money is not a criminal offense in the USA. But big business has found a way to end-run this process. http://www.alternet.org/economy/147258


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Michael C. Scott

Yep, us "Israel-firsters" are still making the big bucks. I pull in $600 a month working out of the house, since nobody hires white Americans as research chemists anymore - not at $140,000 a year, and not at $40,000 a year. At least this way, I can do the stay-at-home dad thing, and I paid off the townhouse in 2004 before getting married, so things are copacetic on the financial front, so long as it's Wal Mart and Costco for groceries and my wife is content sewing her own good office clothes. We also grow most of our own produce during the summer months. In the high-tech industry, it isn't Israel or Jews that lunched things for us. Japanese money was driving tech R&D here in the US during the 1980s and 1990s, and when their economy started to tank in late 1997 (mostly due to spending and saving habits there), a lot of the R&D money dried up. Industry here thought it could make up the difference by hiring fourth-world primitives from India at lower wages. I was working for assholes and getting a patent awarded an average every four weeks for bosses who had succeeded in driving my blood pressure up to 175/105 by my 30th birthday. Now it's 90/45. If dot-heads want to ruin their health and have early heart-attacks in exchange for their help stagnating US technological growth, more power to them. There's a trick to avoiding a ton of credit card and other debt I'll share with you, George. Those evil "Jews" will make you want to buy a bunch of crap you don't need, like leasing a new 4X4 that never goes off the city streets, or a giant home theater, etc. Resist the temptation.

realgeorge

Hey Polatnick and Michael C. Scott .... How's your bottom-line looking these days? No big credit card debts for you Israel-firsters. Not likely.

DixieDestroyer

Ah yes, the wonders of the Central Banking Cartel & their shyster, power-hungry, greedy allies & pawns.

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Out-of-Work Job Applicants Told Unemployed Need Not Apply

The last thing someone who is unemployed needs to be told is that they shouldn’t even apply for the limited number of job openings that are available. But some companies and recruiters are doing just that. Employment experts say they believe companies are increasingly interested only in applicants who already have a job. “I think it is more prevalent than it used to be,” said Rich Thompson, vice president of learning and performance for Adecco Group North America, the world’s largest staffing firm. “I don’t have hard numbers, but three out of the last four conversations I’ve had about openings, this requirement was brought up.” http://finance.yahoo.com/news/Outofwork-job-applicants-told-cnnm-3498252371.html?x=0


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Redbeard

This is surprising, as these companies really should know better. While some unemployed may be in that situation due to their own shortcomings, in this poor economy many are unemployed simply due to the down turn. I know my company had a large RIF in the spring. Whole product teams were let go. It had nothing to do with performance or the employee, only the product they worked on. These people should not be negatively judged for the mistakes made by their employer. I wish everyone the best of luck in finding a new job, you will likely need it.

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You’re Being Decieved

We’re heading over an economic cliff and there’s nothing the (puppet) government can or will do about it…except lie. http://www.infowars.com/youre-being-decieved/


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Tea Party Clueless About U.S. Tax Dollars Funding Bailout Heist

As CNBC hosts Joe Kerne and Rick Santelli pointed out yesterday, the Tea Party movement seems largely clueless about the fact that a huge chunk of the $1 trillion dollar bailout heist being pushed through to save the face of global economic governance is being funded with dollars looted from American taxpayers. Founded on the principle of keeping taxes low for the benefit of the economy, the Tea Party movement has seemingly ignored the biggest and most insidious stealth tax – inflation – which as Ron Paul highlighted yesterday, will only soar as a result of this latest bailout. http://www.infowars.com/tea-party-clueless-about-u-s-tax-dollars-funding-bailout-heist/


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Conrad

Well, you can't expect too much from them, they are clueless on the race issue too.

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The Staggering Collapse of Living Standards in the U.S. — 92 Percent of Americans Unhappy With the Economy

Recent studies shed new light on the scope of the economic crisis in the U.S. and the level of hostility the majority of the American population holds for the U.S. government. http://www.alternet.org/economy/146630


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The Seven Deadliest Sins Causing the Collapse of the Glorious Imperial Multicultural Empire

As there is no recovery going on in the US (despite everything that the government are telling the people), many economic analysts predict that the American Empire is going to collapse very soon, and the collapse will be as severe as the Zimbabwean collapse. Another forecast say that America is turning into a third world nation, some even mentioned it will become as bad as the Indonesian economy under Soeharto. http://www.myloansconsolidated.com/2010/04/10/7-deadliest-sins-causing-the-american-empire-collapse/


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The Global Economic Crisis: Riots, Rebellion and Revolution

As nations of the world are thrown into a debt crisis, the likes of which have never been seen before, harsh fiscal ‘austerity’ measures will be undertaken in a flawed attempt to service the debts. The result will be the elimination of the middle class. When the middle class is absorbed into the labour class – the lower class – and lose their social, political, and economic foundations, they will riot, rebel, and revolt. http://www.informationclearinghouse.info/article25229.htm


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James in U.S.A

It's not necessarilly that people have had it too good, but most have been diverted by pop culture and given the false impression that as long as you obey the law, work hard, and mind your own business, you can one day look to retire in relative comfort and peace. People are waking up to the fact that our country is broke, in debt, and in a state of decay socially,politically, and morally. And we can all look for hard times ahead as taxes increase, services are cut and the power of government continues unabated in it's quest of even more power. I personally look forward to the riots of the future when the traitors and idiots who got us into this mess can be dragged out of their hiding places and given the justice they deserve.

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Typical Wall Street Monkey Business

There are times in life when one witnesses something so outside the scope of normal experience, that at first you don’t see it.

Captain Cook’s diaries tell us that upon first seeing his ships offshore in Australia, the aborigines expressed “neither surprise nor concern.” Cook notes that it was not until he and his men approached the shore in smaller, more familiar vessels that the villagers reacted, arming themselves as “the sight of men in small boats was comprehensible to them: it meant invasion.”

http://community.nasdaq.com/News/2010-02/Something-Very-Strange-Is-Happening-With-Treasuries.aspx


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The New Poor – The NYT’s Take on our Destroyed Economy

Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits. Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.

http://www.nytimes.com/2010/02/21/business/economy/21unemployed.html


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James Hallman

I see in the faces of young white men today uncertainty, anger, and frustration. It's bad enough that much of our nations industry has been outsourced to non-white countries, but they also have to contend with Affirmative Action Programs, Race Based Scholarships, and a general sense of not being included in a society that hails 'DIVERSITY' as being our strength, right here in their own country. It is truly sad to be a young white man today, knowing that to achieve what's called success, means having to demean yourself, either through acting like a wigger, or being a 'Hater' and social outcast. We Nationalist must reassert our Aryan manhood and work towards restoring the United States of America many of us can still remember before the Cultural Revolution transformed our nation, that has brainwashed our people and made them impotent in the face of their own destruction. True leadership is going to be necessary, the kind that Adolf Hitler possessed and gave to the German people, the kind of leadership that actually worked in improving the lives of the people before the International Jew and their financial and political control was able to turn the world against the only political and social system to stand against them.

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It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything. And the U.S. government would still be massively in debt. http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt


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