Economy

(GunsNButter) – Audio: On the Destructive Nature of the Global Economic System – Bonnie Faulkner Interviews Michel Chossudovsky – Audio Link Here

(NYTimes) – NY Times’ Krugman: We Are Entering The Third Depression

We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense. Read More Here

(CNN) – Video: Clinton – U.S. Budget Is Broken – View Video Here

(LondonTelegraph) – RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve

As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve. Read More Here

(LewRockwell) – Suiting Up for a Post-Dollar World

The global financial crisis is playing out like a slow-moving, highly predicable stage play. In the current scene, Western governments are caught between the demands of entitled welfare beneficiaries and the anxiety of bondholders who fear they will be stuck with the bill. As the crisis reaches an apex, prime ministers and presidents are forced into a Sophie’s choice between social unrest and bankruptcy. But with the “Club Med” economies set to fall like dominoes, the US Treasury market is not yet acting the role we would have anticipated. Read More Here

(StarAdvertiser) – Huge tent city takes root

Homeless camps cover 50 acres, from Waipio Point, around Middle Loch to Pearl City Read More Here

REPOST – (WSWS) – Senate Democrats and Obama abandon the jobless

Senate Democrats gave up efforts to extend unemployment benefits for millions of jobless workers after the third vote on overcoming a Republican filibuster failed. The final vote Thursday was 57 to 41, three votes short of the 60 necessary to cut off debate, with one Democrat, Ben Nelson of Nebraska, joining a unanimous Republican opposition. Read More Here

(Bloomberg) – Merkel Warns European Crisis is Far From Over, Wall Street Journal Reports – Read More Here

(GlobalResearch) – BOOK LAUNCH: The Global Economic Crisis: The Great Depression of the XXI Century – Michel Chossudovsky and Andrew Gavin Marshall – Read More Here

(EurasiaReview) – Europe’s Fiscal Dystopia: The “New Austerity” Road – Michael Hudson

Europe is committing fiscal suicide – and will have little trouble finding allies at this weekend’s G-20 meetings in Toronto. Despite the deepening Great Recession threatening to bring on outright depression, European Central Bank (ECB) president Jean-Claude Trichet and prime ministers from Britain’s David Cameron to Greece’s George Papandreou (president of the Socialist International) and Canada’s host, Conservative Premier Stephen Harper, are calling for cutbacks in public spending. Read More Here

(BBC) – Romania plans big VAT rise to secure bail-out funds – Read More Here

(RegionalTimes) – IMF stops next tranche of loan to Pakistan till imposition of VAT Read More Here

Climategate

(LATimes) – Senate Democrats poised to start energy bill

With the gulf oil spill creating political opportunity, Senate Democrats will begin crafting a sweeping energy bill this week that could include a first-ever, though more modest, cap on global-warming pollution, believing they must act now despite differences within their ranks and political jitters in an election year.

(Guardian) – Gillard bids to revive Australia’s stalled carbon trading scheme

Australia’s new prime minister, Julia Gillard, today moved to revive a stalled carbon trading scheme, pledging more consultation with industry and voters to win support for an issue that has divided the nation. Read More Here

Cut the Partisan Crap … BOTH the Private Sector AND the Government are to Blame for the Financial Crisis

(WashingtonsBlog) – Partisan GOP hacks say the financial crisis was caused by too much regulation, and government interference in the markets.

But Glass-Steagall was repealed, derivatives were left unregulated, and the regulators were watching porn instead of preventing fraud. Giant banks, hedge funds and other fat cat private players knowingly gamed the market and committed fraud in more ways than can be listed in a single post. Continue reading

Video: Bob Chapman’s Friday Economic Report on The Alex Jones Show Hosted by Jason Bermas

(April 9) – Bermas also talks with regular guest, Bob Chapman, the man behind The International Forecaster newsletter. Continue reading

Bernanke: We Must Raise Taxes and Cut Services • Sane People: No, We Need to Stop Endless Bail Outs, Imperial Adventures and Fraudulent Schemes

(WashingtonsBlog) – This week, both Bernanke and Volcker called for tax increases. Bernanke has also raised the possibility of reductions in entitlements such as Medicare and Social Security. Continue reading

The Guy Who Stole All Our Money Now Wants to Steal Our Paycheck, Too

(WashingtonsBlog) – Ben Bernanke has funneled trillions of dollars worth of bailouts, guarantees and sweetheart deals to U.S. (and foreign – and see this) banks.

This money was pickpocketed from you and me, directly (through government spending) and indirectly (increasing debt costs, future inflation, etc). Continue reading

Economy

(WAPost) – Wa. Post: Citi sale “would amount to a validation of bailout”

Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue. Read More Here

Video: Federal Reserve End Game – View Video Here

(TalkRadioNews) – Sarkozy Calls For World Economic Regulation – Read More Here

(Fox) – Peter Schiff Discusses The Jobs Bill On Freedom Watch – View Video Here

(GoldSeek) – Gerald Celente – This time they will close Banks & Wall Street – View Video Here

(CNBC) – Video: Jim Rogers – Commodities More Attractive Than Currencies – View Video Here

Marijuana Legalization ~ Grassroots Industry or Corporate Takeover

California state officials have determined that the Regulate, Control and Tax Cannabis Act of 2010 has enough eligible signatures to appear on the November ballot. This ballot measure would allow the possession of 1 ounce of marijuana for personal use by individuals aged 21 and older and the ability to cultivate gardens up to 25 square feet. Currently, possession in California is a misdemeanor that carries a $100 fine. The Act would ban the use in public or around minors.

A no brainer … right … End the insanity of this aspect of the war on drugs, tax it and go on our merry way. Maybe it’s not that simple. Read More Here

(InternationalForecaster) – Credit Crisis, Outrage, Far From Over

Bernanke re-nominated, outrage at banks, insolvency the real state of banks, crime pays when you are at the top, sovereign debt crisis around the world, debt and derivatives products were all just a ponzi scheme, the problem wont go a way when the system is purged, PIMCO Bill Gross warns of inflation, big cutbacks in services… Read More Here

(PrimaPanama) – Disturbing new U.S. law aims to end individual foreign bank accounts – Read More Here

(WashingtonTimes) – KUHNER: Will America break up?

President Obama is splintering America. The passage of Obamacare was a historic victory for liberal governance. Yet, its true cost may be that it triggers the eventual breakup of the country. Read More Here

(CrooksAndLiars) – Too Big To Jail? DoJ: Wall St. Bailout Buds ‘Co-Conspirators’ In Plot To Rip Off State, Local Governments

Municipal bonds are where a lot of the political kickbacks and corrupt deals are typically hidden, so I can’t say I’m surprised. In fact, it’s sort of funny that the governments dealing with these guys apparently thought they could trust them, considering how crooked the business is. Lie down with dogs, rise up with fleas, as the nuns used to say:Read More Here

(AllGov) – Chertoff Joins Defense Firm that Defrauded U.S.

Michael Chertoff, the former homeland security chief who’s not been shy about exploiting terrorist threats for the benefit of his clients, has decided to join a top defense contractor that defrauded the U.S. government. Read More Here

(EconomicPolicyJournal) – Obama’s New Housing Program Is a Huge Gift to Banks

Dean Baker does a great job of explaining what it will do. And, while Baker does imply that the Administration may have been a bit naive in structuring the program this way, I doubt it. Further, you can be sure that Lloyd Blankfein and Jamie Dimon understand exactly what this structure means. Here’s Baker: Read More Here

(SeattleTimes) – Recession’s untold story

It turns out the job of dog-kennel assistant is even less glamorous than it sounds Read More Here

Economy

(HousingDoom) – Housing Is Too Big To Fix, Not Too Big To Fail

The government, believing that a correction in house prices would be catastrophic, has tried to put a floor under the housing market. It’s not working: Read More Here

(DalasNews) – Dallas-Fort Worth commercial foreclosure filings top $1 billion

Commercial property foreclosure filings in the Dallas-Fort Worth area top $1 billion for the upcoming April sales. Read More Here

(Money&Markets) – Bernanke Running Amuck

Fed Chairman Bernanke is running amuck, and for the first time since the birth of the U.S. dollar, our government is egregiously abusing its power to print money. Read More Here

(Telegraph) – Has Germany just killed the dream of a European superstate?

So after weeks of Euro-bluff it looks ever more like an IMF rescue for Greece after all, and hence for any other eurozone nation driven to ruin by the wrong monetary policy. Read More Here

Economy

(CBCNews) – European fraudsters steal $7B in carbon credit scam

Fraud within Europe’s carbon credit trading system has cost taxpayers more than $7 billion in the last 18 months, European police said Friday. Read More Here

(Bloomberg) – Yuan Poised to Become Reserve Currency, Goldman’s O’Neill Says

China’s yuan is destined to become a global reserve currency rivaling the dollar and the euro, as the nation’s economic power increases the currency’s allure, said Jim O’Neill, chief economist at Goldman Sachs Group Inc. Read More Here

(Telegraph) – Quarter of adults out of work, official figures show

More than one in four adults in Britain are not working, after a record number left the workforce in recent months, official figures indicated. Read More Here

(MyBudget360) – The Anti-Savings Model – Offer 0.1% APY on Savings Accounts and Charge 15% on Credit Cards. A System Designed to Punish Savers and Encourage Extravagant Spending via Usury. Read More Here

(Reuters) – NY Atty Gen seeks probe of public retiree payments

New York authorities, agencies, and local governments that pay public workers some of the highest salaries and benefits in the state must explain how they are calculated, the attorney general said on Thursday in a new bid to root out abuses. Read More Here

(Yahoo) – Bernanke Wants to Eliminate Reserve Requirements Completely Read More Here

(Telegraph) – Latvia government collapses amid economic crisis

Latvia’s coalition government has collapsed after failing to tackle a crippling economic crisis. Read More Here

(NPR) – U.S. Bank Auditors Got Bonuses Before Crisis

Banks weren’t the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The government also was handing out millions of dollars to bank regulators, rewarding “superior” work even as an avalanche of risky mortgages helped create the meltdown. Read More Here

(SilverBearCafe) – Idaho’s plan to downgrade the dollar

A bill to allow citizens to pay their taxes with silver medallions gains support. Goldbugs are watching closely.Read More Here

Expose Transgressions and Set Boundaries on Stimulus Packages

AIG dragged onto the carpet for publishing falsified debt ratings, fines called for when fraud charges should be laid, white collar crime knows no end, books cooked, real estate downside points to deflationary depression, debt continues to grow, borrowing in the debt market again. stimulus packages knowing now boundaries. Read More Here

(AlterNet) – How the IRS Helps H&R Block Scam Taxpayers

Tax preparation giants are making a killing on short-term, high-interest, fee-laden loans on tax returns. Read More Here

(WCBSTV) – New York State Tax Refunds Put On Hold

Gov. Paterson Freezes $500 Million, Says Financial Situation The Case, Won’t Start Sending Again Until April 1 Read More Here

(WND) – YOUR PAPERS, PLEASE … Census threat: $5,000 fines

U.S. congressman slams ‘Big Brother’ questions Read More Here

(AuctionBytes) – IRS to Track Online Sellers’ Payment Transactions Beginning Next Year – Read More Here

(DailyMail) – £1,000 fine for using wrong bin: Families face new crackdown over household waste

Householders could be fined up to £1,000 if they fail to comply with complex new rules on refuse sorting. Read More Here

The next big bailout is on the way. Prepare to get reamed! – Mike Whitney

(SmirkingChimp) – Housing is on the rocks and prices are headed lower. That’s not the consensus view, but it’s a reasonably safe assumption. Master illusionist Ben Bernanke managed to engineer a modest 7-month uptick in sales, but the fairydust will wear off later this month when the Fed stops purchasing mortgage-backed securities and long-term interest rates begin to creep higher. The objective of Bernanke’s $1.25 trillion program, which is called quantitative easing, was to transfer the banks “unsellable” MBS onto the Fed’s balance sheet. Having achieved that goal, Bernanke will now have to unload those same toxic assets onto Freddie and Fannie. (as soon as the public is no longer paying attention) Continue reading

Lehman Fraudulently Cooked Its Books, Accounting Giant Ernst & Young Helped, Geithner and Bernanke Winked and Slapped Them on the Back

(WashingtonsBlog) – As William K. Black said a year ago, the government’s entire strategy now – as in the S&L crisis – is to cover up how bad things are (“the entire strategy is to keep people from getting the facts”).

Paul Krugman and others pointed out that Geithner has been trying to artificially prop up asset prices, but that such a strategy cannot succeed.

As I’ve pointed out numerous times, the stress tests were a total sham, with a pre-ordained passing grade for the banks. Continue reading

America’s Impending Master Class Dictatorship

(Kitco) – FOREWORD: At certain times, focusing on the big picture is important not just for investment success, but for personal welfare, and even survival. We believe such times are here. It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% of Americans regularly handle Federal Reserve Notes. From a contrarian standpoint, the financial message from those two statistics is clear. Even so, gold is much more than money or an investment medium; it stands for liberty and throughout history has facilitated escape and ensured freedom. Continue reading

Video: Barney Frank Demands Bernanke Probe Fed Involvement In Watergate Scandal And Iraq Arms Sales Following Ron Paul Questioning

(ZeroHedge) – A week ago Ron Paul asked Ben Bernanke a series of questions, which the Chairman and pundits immediately dismissed as “bizarre” and an indication that the potential presidential candidate has finally lost it (among these was a very nuanced question whether or not the Fed is buying sovereign debt, something which Bernanke disclosed in 2002 is a distinct possibility and an action the Fed is permitted to do). Chief among these were queries arising from the work of U of T professor Robert Auerbach, and specifically his book “Deception and Abuse at the Fed” (not available on Kindle), which seek information on whether the Fed was involved in the Watergate scandal and, subsequently, in Iraqi weapons purchases. Continue reading

Is The Recovery Real? – Paul Craig Roberts

Happy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over.
Or is it? Statistician John Williams has informed us that 69 percent of this growth, or 4.1 percentage points, is the result of inventory accumulation. That leaves a 1.8 percent growth rate, and the 1.8 percent is likely due to the underestimate of inflation and other statistical problems. Continue reading

Ron Paul vs. Bizarre Ben Bernanke – Ron Paul

Before the US House of Representatives, February 25, 2010

Madame Speaker, I would like to enter into the record the following letter from Professor Robert D. Auerbach, a professor at the LBJ School of Public Affairs at the University of Texas. This letter provides additional information regarding remarks I made at yesterday’s Financial Services Committee Humphrey-Hawkins hearing, remarks which Federal Reserve Chairman Bernanke categorized as “bizarre.” Continue reading

Professor Auerbach Provides More Evidence of Fed’s Coverup Regarding Watergate and Iraq

(WashingtonsBlog) – Editor’s note: More evidence of criminal behavior. Fire Bernanke and End the Fed!

Professor Robert Auerbach was kind enough to send me an email to let me know that Ron Paul read the following letter written by Auerbach into the Congressional record today Continue reading

Video: Paul, Bernanke, Waxman and $12 Billion in Cash Squandered

(KurtNimmo) – On February 24, Rep. Ron Paul asked Fed mob boss Ben Bernanke about $12 billion in cash. Paul said “a lot of cash was passed through — and a lot of people suppose it was passed through the Federal Reserve — when there was a provisional government [in Iraq] after the 2003 invasion. That money was not appropriated by the Congress as required by law.” Continue reading

Economic Crisis: The Sovereign Debt Bubble – Bob Chapman

(GlobalResearch) – When the next census is over America will probably have 320 million people. The number of Americans 50 years ago was about 184 million. Our budget then was about $100 billion. Today it is supposed to be $3.8 trillion. We call that spending gone wild. Government control of the economy has become bigger and all consuming at what will prove to be an unsustainable pace. Markets are telling us the world has serious sovereign debt problems as witnessed recently with the financial debacles in Ireland and now Greece with others to follow. Continue reading

Exclusive: The Bank Of England Engaged In Flagrant Gold Manipulation In The Interwar Period Via The New York Fed; Does History Repeat Itself?

(ZeroHedge) – An article written by University of Tennessee professor John R Garrett, “Monetary Policy and Expectations: Market-Control Techniques and the Bank of England, 1925-1931“, which describes in exquisite detail the gold falsification measures undertaken by the Bank of England in the interwar period in order to impact interest rates in a favorable direction, performed with the full criminal complicity of the Federal Reserve Bank of New York, may mean paranoid “gold bugs” could soon be forever absolved of their “tin hat” wearing status as outright gold, and other data, manipulation by a major central bank is now proven beyond doubt. The implications regarding the possibility of comparable deceitful and treasonous acts by modern central bankers are staggering. Continue reading

Economy

(CNBC) – Congressional Panel “Deeply Concerned” over Commercial Real Estate

I guess I didn’t need the Congressional Oversight Panel for the TARP to tell me that commercial real estate was in trouble, but somehow it’s a bit more poignant when they do. Read More Here

Video: How the Federal Reserve Created the US Recession

Learn how the Federal Reserve, the central bank of the United States that is responsible for regulating the supply of money in the US economy, has created the recession the US economy is currently facing. Video Link Here

(ZeroHedge) – The Great Highway Robbery Continues: How The FDIC Is Legally Transferring Billions In Taxpayer Money To Hedge Funds

It is not a secret to anyone who has been closely following the FDIC’s quasi criminal bank takeover practices over the past year, that acquirors of failed banks end up receiving a massive and risk-free gift in the form of taxpayer benefits via the FDIC when it comes to funding losses on a given bank acquisition. Should there be a short sale resulting in a loss to the full principal (not the cost basis mind you)? Not to worry, Sheila Bair is there to hand out taxpayer money to the hedge funds/banks owning the newly transferred assets. Read More Here

(Ohio) – Jobless rate unchanged by billions in stimulus spending

Money for roads, bridges doesn’t ease unemployment on local level, analysis finds Read More Here

(Telegraph) – China orders retreat from risky assets

China has ordered managers of its vast currency reserves to withdraw from risky dollar assets and retreat to core debt guaranteed by the US government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets. Read More Here

(Kitco) – Davos: The Bomb Shelter

Predators and parasites recently gathered in Davos to discuss the mounting problems of their prey. All present agreed the problem needed urgent attention. Read More Here

(NewJersey) – Chris Christie declares fiscal ‘state of emergency,’ paving way for N.J. spending cuts

Calling New Jersey on “the edge of bankruptcy,” Gov. Chris Christie today declared a fiscal emergency, seizing broad powers to freeze aid to more than 500 school districts and cut from higher education, hospitals and the Public Advocate. Read More Here

(Reuters) – Report: 1 in 5 U.S. homeowners underwater

Foreclosures across the country rose to a new high in December Read More Here

(AugustaChronicle) – Higher interest rates ahead, Bernanke says

Prepare for the end of record-low interest rates, Federal Reserve Chairman Ben Bernanke says. Just not yet. Read More Here

(Guardian) – Franco-German bailout of Athens expected to avert euro collapse

Summit may see moves to guarantee Greek solvency, as prospect of action by Paris and Berlin buoys markets Read More Here

Video: President Obama’s Pledge Never to Raise Taxes on Anyone Making Less Than $250,000 a Year

This footage was taken during than presidential candidate Obama’s speech in Dover, NH. President Obama pledges not to raise taxes on anyone making less than $250,000 a year. Video Link Here

Global Economic Crisis: Look To Asia for The Financial Tsunami Wave, Not Europe

(FutureFastForward) – This will be one of my shortest articles as it is written as a RED ALERT.

When I send out Red Alerts, it is a dire warning and a call for immediate action to protect your wealth (if there is any remaining). Continue reading

Video: Jim Rogers – Federal Reserve is worsening the depression

(CNBC) – “What would be the first two things you would do if you were in Mr Ben Bernanke’s seat?” Jim Rogers: “I would Abolish the Federal Reserve and Resign.” Continue reading

Video: Fred Harrison the Renegade Economist on The Keiser Report about Market Manipulation

Every week Max Keiser looks at all the scandal behind the financial news headlines. This time Max Keiser and co-host Stacy Herbert look at the scandal behind the headlines about the Volcker plan, the Supreme Court ruling and about Central Banks robbing the middle classes. Keiser also speaks to Fred Harrison, the Renegade Economist, about property bubbles and privatizing wages Continue reading

Video: Bob Chapman – Goldman Sachs are buying guns and getting ready for the worst

(RadioLiberty) – It is the brotherhood of darkness explain Bob Chapman , the bankers have owned the government , by the American marines will never shoot at American people , if the foreign troops are brought to America they won’t leave alive says the international forecaster Bob Chapman , there will be a revolution if we cannot change things in a peaceful manner , and audit the FED , …the Goldman Sachs people know this very well , in fact they are all buying arms to their teeth and getting ready for the worst… Video Link Here

Economy

9 banks teetering after bad land bets

After betting heavily on real estate lending, about a third of Utah’s smaller community banks are teetering between collapse and survival after the worst land-value crash in memory. Read More Here

(Bloomberg) – Video: Jim Rogers Discusses Bernanke Reappointment – Fed Policy Video Link Here

(CNBC) – Ron Paul on CNBC’s Squawk Box: Debate on Bernanke and the Fed Video Link Here

(Bloomberg) – Fed E-Mail to Geithner Cites Bank Benefit From AIG

Timothy F. Geithner, who has denied that the financial condition of American International Group Inc.’s bank counterparties was a consideration in structuring the insurer’s bailout, was told by a senior colleague that the rescue was a way to remove “uncertainty” for the firms. Read More Here

(WSJ) – DynCorp’s Iraq Contracts With U.S. Are Scrutinized

The U.S. State Department is struggling with its accounting for billions of dollars spent on police-training contracts in Iraq with DynCorp International Inc. Read More Here

(Reuters) – Record number of young Americans jobless

The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday. Read More Here

Pete DuPont: Coming Tax Hikes Will Cause Greater Economic Collapse Than 2008-09

Wall Street Journal op-ed, An Economic Time Bomb: Even If Congress Does Nothing, Tax Hikes Will Hit Hard a Year From Now, by Pete DuPont (Chairman of the Board, National Center for Policy Analysis): Read More Here

(TampaBay) – Pinellas County’s $40 million shortfall will mean layoffs and program cuts

Pinellas County needs to cut spending by 10 percent to solve a $40 million budget deficit for next year, County Administrator Bob LaSala announced Tuesday. Read More Here

Happiness in Slavery

Don’t open your eyes
You won’t like what you see
The blind have been blessed with security
Don’t open your eyes
Take it from me
I have found you can find
Happiness in slavery

Nine Inch Nails-Happiness in Slavery

Think you’re free? Think again, slave!

This week the Federal government will attempt to auction off 118 billion dollars in U.S. debt to anyone who thinks the U.S. dollar is a great place to be.   Of course if you ask liars like Fed Chief Ben Bernanke or his young sidekick “tiny” Tim Geithner, they will most certainly assure you that the dollar is strong and that the U.S economy is on a miraculous rebound. But this is fiction. Continue reading

Economy

(VacTruth) – Doctors Vaccinate for Profit

Years ago children were sent up chimneys or sold as servants to earn their parents extra money. Now they are being vaccinated by doctors, to boost their takings. Doctors, Governments and Pharma see our children as their property and are making thousands of pounds/dollars/euros out of them right under our noses. This, they call ‘Health Care’, I call it the legalization of child labour. Read More Here

Existing Home Sales Fall 16.7% in December; Largest Drop On Record

Sales of U.S. existing homes plunged 16.7% in December to a seasonally adjusted annual rate of 5.45 million from 6.54 million in November as the house purchase tax credit was set to expire. The 16.7% percentage decline from November to December was the largest on record, the National Association of Realtors reported. Read More Here

Trailer shipments hit 32-year low in 2009

Truck trailer shipments dropped to levels not seen since 1975, according to figures compiled by ACT Research Company of Columbus, Indiana.Read More Here

(HuffingtonPost) – Geithner Warns That Markets Could Dive If Bernanke Is Not Reconfirmed

Treasury Secretary Tim Geithner, in a recent interview with Mike Allen of Politico warned that the financial markets could react negatively if Fed Chairman Ben Bernanke isn’t confirmed for a second term. (READ Politico’s full story here.) Read More Here

Signs Of The Apocalypse: The Return Of The Layoff

Layoffs in unrelated industries, even when close together in time, are just that—unrelated. That is until they begin to grow rapidly in number.Read More Here

(IndiaTimes) – Outsourcing roars back to India, China: Study

Outsourcing has roared back to life in the last six months with some of it moving to countries like India, and from India to other places like China, the Philippines, Costa Rica and even Romania, according to a new study. Read More Here

Mobilize Now To Oust Bernanke As Fed Chair – Webster G. Tarpley

In the aftermath of the Massachusetts Senate vote last Tuesday, we now have a concrete fighting chance to block the reappointment of Wall Street puppet Ben Bernanke as the chairman of the Federal Reserve Board of Governors by preventing his Senate confirmation next week. Continue reading

Theft! Were the US & UK central banks complicit in robbing the middle classes? – Albert Edwards

(ZeroHedge) – Mr Bernanke’s in-house Fed economists have found that the Fed wasn’t responsible for the boom which subsequently turned into the biggest bust since the 1930s. Are those the same Fed staffers whose research led Mr Bernanke to assert in Oct. 2005 that “there was no housing bubble to go bust”? The reasons for the US and the UK central banks inflating the bubble range from incompetence and negligence to just plain spinelessness. Let me propose an alternative thesis. Did the US and UK central banks collude with the politicians to ‘steal’ their nations’ income growth from the middle classes and hand it to the very rich? Continue reading

The Secret Bank Bailout

There’s one method that the Federal Reserve has been employing to shovel money to the bank elite that is rarely mentioned, though I hear the sums that have been shoveled are in the billions and they are showing up on the books of firms like Goldman Sachs as pure profit. It’s really pure scam. Continue reading

Bernanke’s to Blame – It’s Not Our Fault – Peter Schiff

It seems that the primary qualification needed by any chairman of the Federal Reserve is the ability to never admit error, no matter how damning the evidence. During his tenure on the job, Alan Greenspan set the standard for implausible deniability. But in a speech last weekend in Atlanta, current chairman Ben Bernanke did the Maestro one better. In a tortured academic dissertation, Bernanke explicitly denied any Fed culpability for inflating the housing bubble and for the financial crisis that began when it burst. Despite his best efforts, no one seemed particularly convinced. By taking such an absurd stand, he has destroyed any credibility he may have had left. Continue reading

Is the Fed Juicing the Stock Market? – Mike Whitney

Is the Fed manipulating the stock market?  TrimTabs CEO Charles Biderman seems to think so, and he makes a strong case for his theory in an article at zerohedge.com. Continue reading