Economy

(May 4) – Video: Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones Tv – Part 1 HerePart 2

(CNNMoney) – More than 80% of school districts to cut jobs – Read More Here

(LATimes) – Plunge in state revenue dashes hopes of an easy budget fix

Legislators were hoping revenue would continue to exceed projections, forestalling deeper cuts and further tax hikes. But April’s total was 30% below what was expected, leaving them with few options. Read More Here

(MyBudget360) – Middle class getting pushed into poverty and working poor status – The cloaked recovery for the middle class. How 30 percent of the poor are unemployed

Over 6.5 million of the 15 million unemployed Americans have been out of work for 27 weeks or more. As a percent, this is the highest number of long-term unemployed we have had since the Great Depression. Read More Here

(LRC) – The Rich Continue To Use Government To Cut Out Their Competition – Read More Here

(Guardian) – Greek protesters storm the Acropolis

World markets plunge over fears that Greece’s economic crisis will spread to other countries despite austerity measures Read More Here

(Taragana) – Goldman Sachs pays $450K to regulators who say it violated stock short-selling rule

The case involving Goldman’s stock-trading business is unrelated to the SEC’s civil fraud charges filed against the firm last month over mortgage securities transactions it arranged. Goldman has denied the allegations in that case and said it will contest the charges in court Read More Here

(InfoClearingHouse) – Bernanke’s Biggest Bailout – Mike Whitney

The right-wing think-tank, the American Enterprise Institute, is helping the Federal Reserve to develop a strategy to transfer $1.25 trillion in toxic mortgage-backed securities (MBS) and non performing loans onto the public’s balance sheet. Although it’s unknown whether Fed chair Ben Bernanke will act on the AEI’s recommendations, it does show that the Fed’s Quantitative Easing program (QE)–which moved the bulk of garbage assets from the banks to the Fed’s balance sheet–poses long-term problems that will need to be addressed. Bernanke never intended to keep these assets any longer than necessary. Now he is actively exploring options for getting rid of them. Read More Here

(WSJ) – Congress Members Bet on Fall in Stocks

Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows. Read More Here

(AmericanThinker) – The Dollar’s Inevitable Demise

In its first midsession review, the White House Office of Management and Budget estimated that at the end of 2010, the national debt will breach the $14-trillion mark. This means that America’s sovereign debt will be soon equal to the annual output of our economy. In other words, our national debt will shortly reach 100 percent of GDP. History and experience show that most governments that assume such levels of debt are ultimately not able to contain them. In most cases, this kind of situation eventually leads to the disintegration of the country’s monetary regime and the collapse of its currency. Read More Here

(ForexCrunch) – Rumor: Spain will ask for 280 billion euros of aid money – Euro plunges

A rumor that Spain will ask for 280 billion euros of aid money in order to deal with its debt is running in the past few hours in trade rooms. This is what’s bringing down the Euro. Read More Here

(Bloomberg) – Video: Marc Faber on Bloomberg – China’s Economy May Crash in Next 12 Months

Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg’s Haslinda Amin about the outlook for China’s economy. Faber, speaking from Hong Kong, also discusses Greece’s debt crisis and the euro, the commodities market, and the implications of political unrest in Thailand for the nation’s economy and stock market. View Video Here

Surprise! Obama Was Top Recipient of BP Donations in 2008

Of course the $71,000 Obama received from BP is chump change compared to what he got from Goldman Sachs, so don’t expect him to be returning any of it. Nor should you expect any of his media lapdogs to mention his BP connection. Read More Here

(BusinessInsider) – Guess Who’s Paying For The Greece Bailout? That’s Right — YOU

The bailout outrages never stop.

Of the 110-billion Euro Greece bailout, 30-billion (approx $40 billion) will be paid for by the IMF. Read More Here

(PRNewsWire) – Bottoms Down: Hotel Profits Decline Record 35.4 Percent According to PKF Report

According to survey results in the recently released Trends® in the Hotel Industry report issued by PKF Hospitality Research (PKF-HR), the average U.S. hotel suffered a 35.4 decline in profits in 2009. This is the greatest annual fall-off in the bottom line since PKF-HR began tracking the industry in the 1930s. Read More Here

(RussiaToday) – Video: Keiser Report meets Schiff Report

This time Max Keiser and co-host, Stacy Herbert, look at the scandals of President Bill Clinton’s skepticism on Goldman charges; the TARP watchdog’s handcuffs for Timmy Geithner; and the continuing ‘ratings surveillance’ payments to credit rating agencies for defaulted CDOs too complicated to unwind. In the second half of the show, Max interviews Peter Schiff, who is running for the Republican nomination for US Senate for Connecticut, about debating Greenspan, revaluing yuan and regulating that which is already illegal. View Video Here

(Fox) – Video: Freedom Watch – Rising Awareness On Rising Debt

A new campaign to defeat the debt puts the issue on the forefront Continue reading

Video: Kissinger in 2008 – There will be “Bipartisan” Push for New World Order, Whoever Is Elected President

(Infowars) – In Jason Bermas’ film “Invisible Empire: A New World Order Defined”, the concept of one world government has been definitively elaborated upon, its long-term objectives explained in detail. One of the chief proponents of the destruction of national sovereignty appearing in the documentary, former Secretary of State Henry Kissinger, has been heard on countless occasions quite openly calling for the emergence of the New World Order. Of course a child knows that in order to bring about a new structure, one has to first tear down the old one. Continue reading

Putting the Constitution Back into the Oval Office – Ron Paul

(C4L) – Since my 2008 campaign for the presidency I have often been asked, “How would a constitutionalist president go about dismantling the welfare-warfare state and restoring a constitutional republic?” This is a very important question, because without a clear road map and set of priorities, such a president runs the risk of having his pro-freedom agenda stymied by the various vested interests that benefit from big government. Continue reading

2008 Financial Collapse: The Greatest Calamity The World Has Ever Known – Robert Singer

The year is 2010 and to anyone not in denial, the industrialized nations have entered the greatest calamity the world has ever known:

  • 35 Million Americans on Food Stamps: 12 Percent of U.S. Population on Food Stamps Highest Since Records Kept in 1969, and that’s before the Obama administration announced a planned three-year budget freeze on government discretionary spending. (My Budget 360)
  • 18 Million empty houses in the United States and 39 million Americans who are no longer working or looking for work, and that’s before Federal Reserve finishes rewriting the rules of American “capitalism” as US Housing, the Automobile Industry and the American Dream are dismantled. (The 31-Year-Old in Charge of Dismantling G.M., David E. Sanger)

Continue reading

MSM: Pretending We Are Not in a Depression

(MarketTicker) – I’m going to write today about a very somber subject. It will be, as it usually is here in one form or another, about math.

First, some background. If you believe that we have “escaped” from the mess that gripped this nation in 2008 and 2009, or that said mess “suddenly appeared” and “nobody saw it coming”, stop reading now and have your Thorazine dosage checked. It’s way off. Continue reading

Film: The Decline And Fall Of America (2008)

This shocking full length movie will change the way you look at our leadership within America’s government and military today. Using primarily news casts and historical footage, B.A. Brooks engages the audience with a sometimes harsh reality that most people are not usually subjected to. This film covers many topics of interest during it’s 2-hour time span, which shows a bleak picture of what has been really going on within America and the world today. Continue reading

Obama received $20 million from healthcare industry in 2008 campaign

(RawStory) – While some sunlight has been shed on the hefty sums shoveled into congressional campaign coffers in an effort to influence the Democrats’ massive healthcare bill, little attention has been focused on the far larger sums received by President Barack Obama while he was a candidate in 2008. Continue reading

Lawsuit: Goldman Sachs bonuses bigger than its earnings

(NoVerichip) – A lawsuit filed against investment bank Goldman Sachs by a shareholder alleges that the company spent more money on corporate bonuses than it earned in 2008. Continue reading

Kucinich: ‘Class war is over, working people lost’

(RawStory) – Reflecting on the growing divide between Wall Street and Main Street, Rep. Dennis Kucinich (D-OH) on Wednesday offered a powerful critique on the state of the economy in an open committee hearing. Continue reading

Money Supply Timebomb and Fiscal Nightmare – Campaign for Liberty

The government has seized and spent so much in just the last year that it’s easy to focus on the issues of the day, losing track of the big picture. In this article I want to step back and survey the incredible growth, from the perspective of monetary policy and then fiscal policy. The situation is dire indeed. Continue reading

US Rich-Poor Income Gap World’s Most Extreme

Income inequality in the US is now the most extreme of all countries. The 2008 OECD report ‘Income Distribution and Poverty in OECD Countries’ concludes that the US is the country with the highest inequality and poverty rate across the OECD and that since 2000 nowhere has there been such a stark rise in income inequality as in the US. The OECD finds that in the US the distribution of wealth is even more unequal than the distribution of income. Continue reading

Video: Gerald Celente On Green Shoots

(CorbettReport) – “There is no recovery. It’s a cover-up. You only have to look at the facts.” October 20, 2009 Continue reading

Flashback: Boston’s Pandemic Bracelet Scheme

Editor’s note: It could also be used to track who did not get a toxic vaccine. The following article first appeared on November 21, 2008. Continue reading

MSM: McClatchy Announces Financial New World Order

One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and something new is rising from its ashes. Continue reading

MSM: Forbes Reports the Dollar Has Collapsed

The U.S. dollar reached its lowest point against the euro this year due to a myriad of forces including rising global stocks and commodities prices, low interest rates, and investors diversifying out of Treasury debt and into other assets including U.S. stocks with the Dow Jones industrial average approaching 9500 in late afternoon trading. Continue reading

The Misery Index: A Reality Check

(C4L) – In the wake of the panic of 2008, finger pointing has become fashionable. According to some left-wing elements in the chattering classes, the free-market, entrepreneurial capitalist system caused the economic crisis. Continue reading

‘Inflation and the Fall of the Roman Empire’: Why David M. Walker compared the collapse of the United States to the Fall of Rome

As many are aware, in March 2008, David M. Walker, the Comptroller General of the United States and head of the Government Accountability Office, resigned his commission 5 years before the end of his 15-year term expired. His reasons for resigning were that he was limited to what he could do and that the United States was in danger of collapsing in much the same manner as the Roman Empire Continue reading

“We don’t want your tired, poor, huddled masses yearning to trash the planet” The Federal Reserve, 2009 – Robert Singer

(Robert Singer) – Having trouble understanding the events since the October 2008 financial crisis?
Any of this sound familiar:
* · Banks hoarding their TARP funds
* · Gas prices going up when they should be going down
* · Automobile dealerships closed without regard to profitability
* · Health Care reform: The Kevorkian is out of jail early Continue reading

Urgency of the American Monetary Act

On Thursday, April 23 2009, Stephen Zarlenga, director of the American Monetary Institute (AMI), delivered two briefings on Capitol Hill on the American Monetary Act that AMI drafted and that may be introduced as legislation during the current congressional session. This single measure has the potential of bringing together the tens of millions of people who have realized it’s our bank-run debt-based monetary system that lies at the center of the financial rot that is destroying our republic and its values. Continue reading

Army on track to surpass 2008 suicide numbers

(ArmyTimes) – As many as 12 soldiers killed themselves in July, the Army announced today, and the service remains on course to setting a record for suicides in a single year. Continue reading

Human Rights in Palestine

The Palestinian Centre for Human Rights (PCHR) 2008 Annual Report

PCHR is an “independent legal body dedicated to the protection of human rights, the promotion of the rule of law, and the upholding of democratic principles in the Occupied Territories.” It issues documents, fact sheets, and reports like its latest 2008 Annual Report – divided in two parts. Continue reading

Video: Alex Jones Interviews Dahr Jamail

(7-24-09) – Dahr Jamail, one of the few unembedded journalists to report extensively from Iraq during the 2003 invasion and subsequent occupation. Jamail is the recipient of the 2008 Martha Gellhorn Prize for Journalism. Continue reading

MSM: If Swine Flu Weren’t Enough, Now There’s Swine Ebola

(SciAmerican) – Scientists report that domestic pigs harbor Reston ebolavirus, the only Ebola species that has not caused disease in humans – Don’t worry, it can’t hurt you—yet. Continue reading

Film: Beyond the Cutting Edge – David Icke

Since his extraordinary ‘awakening’ in 1990 and 1991, David Icke has been on a journey across the world, and within himself, to find the Big answers to the Big questions: Who are we? Where are we? What are we doing here? Who really controls this world and how and why? Continue reading

MSM: AIG’s 2008 Bonus Total Nearly Quadruples to $454 Million in Latest Revision

AIG now says it doled out more than $454 million in bonuses to its employees for work performed in 2008, an increase from the $120 million it claimed to have paid out in March.

The AIG bonus debacle keeps getting bigger. Continue reading

A Crash this way Cometh

At Joe Martin’s Vancouver Gold show in January of 2008 I predicted a major stock market crash in October. My speech was titled “Derivatives and the Crash of 2008.” It came true. Continue reading

Artic Ice on the Move: Increasing Rapidly

As Anthony Watts blogged last week, the arctic ice is increasing at a very rapid rate. (and this has been updated HERE) You can see how we fell short of last year’s record extent and have recently been rebounding at the fastest rate of the years shown.
Continue reading

Video: DNC – Tell me what a police state looks like

A calm political protest quickly turned chaotic as anxious Denver police surrounded protestors peacefully marching toward the Democratic National Convention Center. Continue reading