Get Ready – We Are In A Major Depression With No Plan

 To understand where we are now ~ you must first understand the reality of what we have done to ourselves. Our structured finance system house of cards has collapsed leaving behind a multi-trillion dollar capital black hole that is bringing down the broader economy ~ with no effective Plan B : Allen L Roland Continue reading

End the Fed, End Wall Street Bankster Rule, End the Derivatives Depression

The November 22 End the Fed rallies raise a vital issue: it is past time to abolish the unconstitutional, illegal, and failed institution known as the Federal Reserve System, the privately owned central bank which has been looting and wrecking the US economy for almost a hundred years. We must end a system where unelected, unaccountable cliques of bankers and financiers loyal to names like Morgan, Rockefeller, and Mellon set interest rates and money supply behind closed doors, leading to de-industrialization, mass impoverishment, and a world economic and financial depression of incalculable severity. Continue reading

MSM: Obama – ‘Millions of jobs’ in danger next year

President-elect outlines recovery plan, warns worst may be yet to come

WASHINGTON – U.S. President-elect Barack Obama said on Saturday that he was crafting an aggressive, two-year stimulus plan to revive the troubled economy, warning that swift action was needed to prevent a deep slump and a spiral of falling prices.

“If we don’t act swiftly and boldly, most experts now believe that we could lose millions of jobs next year,” Obama said in prepared remarks for the weekly Democratic radio and video address. Continue reading

MSM: Worst of financial crisis yet to come – IMF chief economist

The IMF’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.
Olivier Blanchard also warned that the institution does not have the funds to solve every economic problem. Continue reading