Economy

Video: The Coming Economic Implosion – It’s a Set-Up! – View Video Here

Video: Economic Collapse – U.S. Will Default On Its Debt – View Video Here

(Telegraph) – Food inflation ‘could go beyond 10pc before next year’

The cost of food is likely to jump by up to 10 per cent before Christmas after dry weather drastically reduced the amount of winter feed that farmers could harvest, experts said. Read More Here

(TheTruthWins) – 40 Bizarre Statistics That Reveal The Horrifying Truth About The Collapse Of The U.S. Economy

Most Americans still appear to be operating under the delusion that the “recession” will soon pass and that things will get back to “normal” very soon. Unfortunately, that is not anywhere close to the truth. Read More Here

(Infowars) – Let Them Eat Cake – Paul Craig Roberts – Read More Here

(ZeroHedge) – Ron Paul Goes After The SEC’s FOIA Exclusivity, Introduces SEC Transparency Act – Tyler Durden

Just because being the most corrupt organization in the world was not enough, the SEC decided, courtesy of Donk (aka Frankendodd), that it is beyond accountability to anyone, even the constitution, after it was recently made public that the world’s most incompetent and bribed regulators will continue watching kiddie porn, instead of regulatoring, only do so in complete opacity from now on, as in the future the SEC would be exempt from FOIA responses. Read More Here

(BobChapman) – Debt is devouring Sovereign Nations. In the US, the Deficit is being Funded and Monetized by the Fed

While we wait, watch and listen, the Fed decides when the banks will be given the word to start lending to get the domestic economy back to neutral. Action is needed quickly because the world economy is quickly deteriorating, and the recovery is simply not happening, as the administration admits to a fiscal deficit of $1.4 trillion. Read More Here

(Guardian) – Greece will be a war zone, Sect of Revolutionaries warns tourists

Security forces fear wave of terror as austerity programme provokes strikes, protests, violence – and assassination Read More Here

(AlterNet) – Where Are The Prosecutions? SEC Lets Citi Execs Go Free After $40 Billion Subprime Lie

What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus. Read More Here

(WSWS) – Demagogy and economic nationalism from Obama

President Obama’s four-hour visit to Detroit Friday brought him to the center of the economic catastrophe created by the profit system. The “Motor City” was once a byword for decent-paying jobs in the world’s biggest industry. But Detroit is now synonymous with poverty, urban decay, mass unemployment and the virtual breakdown of a functioning society. Read More Here

(WSWS) – Europe’s class policy: A blank check for the banks, austerity for workers – Read More Here

(Agriculture) – Louise Gartner: Wheat prices explode higher – Read More Here

(BurningPlatform) – JOHN PAULSON WILL BE WRONG THIS TIME (Featured Article)

We have arrived at critical juncture in the ongoing financial crisis. Have the government actions of the last year successfully spurred the animal spirits of Americans, resulting in a self-sustaining recovery? Read More Here

Climategate

(PostIND) – Environmentalist’s Shock Admission: ‘Stop talking about climate science. We lost. It’s over. Forget it’

The battle to get Americans to accept the science behind climate change has been “lost,” an expert at the Aspen Environment Forum declared Wednesday, but there’s still a way to win the war to reduce carbon emissions Read More Here

Video

(Coast2Coast) – Video: The Real Hard Truth on Why the Economy is Collapsing “Extremely Important”

Appearing during the first half of the program, analyst Craig Hulet offered commentary on the economy, and geopolitics. American corporations like GM are now conducting more of their business in places like China, he said, adding that a lot of the bailout money to the banks has also gone overseas for lending. The Wall Street reform bill has no stipulations to regulate the derivatives market, and favors large banks which will continue to buy out smaller banks, he noted. He characterized the current situation as a “mixed economy” in which authority emanates from a central power like the Federal Reserve, keeping the dollar low, and inflation high; yet the amount of actual dollars in circulation are at the lowest level since the Great Depression, and that indicates deflation.

He foresees a scenario in which Israel attacks Iran, and America gets drawn in. For the US and its allies, Iran has always been the target, but they weren’t prepared to dominate them until they physically surrounded them by occupying Iraq and Afghanistan, he suggested.

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