Economy

(InfoClearingHouse) – Wall Street Gets Trillions While Workers Get Bupkis – Mike Whitney – Read More Here

(ActivistPost) – 5 Reasons NOT to Pay Your Credit Cards

We live in a matrix that goes to unspeakable expense to nurture us from the teat to be good consumers. You are issued a tax collection number at birth (SS#), another artificial number for your credit worthiness (FICO), and then you’re extended a certain amount of tokens to play “life” based on those numbers. This virtual currency, not unlike your earned Farmville coins, only has value because you give it value. Read More Here

(Politico) – Video: Feds demand diversity on Wall Street

A little-noticed section of the Wall Street reform law grants the federal government broad new powers to compel financial firms to hire more women and minorities — an effort at promoting diversity that’s drawing fire from Republicans who say it could lead to de facto hiring quotas. Video Link Here

(USAWatchdog) – Banking Disaster Largely Ignored By Mainstream Media – Read More Here

(FoxNews) – SEC Says New Financial Regulation Law Exempts it From Public Disclosure

So much for transparency.

Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act. Read More Here

(HuffingtonPost) – Nevada’s Economic Misery May Be America’s Future

So many homes in Las Vegas have been foreclosed upon that banks rarely bother to hang a “For Sale” sign on the front lawn anymore. Instead, visitors identify bank-owned properties by the brown grass and the 8.5 x 11-inch sheet of paper taped to the front door or the garage. Read More Here

(ComingDepressionNet) – Hard hit Canadian, American cities contracting out police, garbage, other workers

Faced with a $118 million budget deficit, the city of San Jose, Calif., recently decided it could no longer afford its own janitors. So the city’s budget called for dropping its custodial staff and hiring outside contractors to clean its city hall and airport, saving about $4 million. Read More Here

(EndlessMountainVLog) – Video: Why is the Economy Collapsing? – Video Link Here

Video: The Coming Economic Collapse –

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