MSM: U.S. Debt Crisis May Cause ‘Fall of Rome’ Scenario, Duncan Says

(Bloomberg) – U.S. budget deficits will continue to pile up in the next decade, eventually reaching an unsustainable level that may result in an economic collapse, according to Richard Duncan, author of “The Dollar Crisis.”

Video: Marc Faber Says U.S. Government Will Fail in 5 to 10 Years

(Bloomberg) – Gloom, Doom and Boom Report – September 22, 2009

Video: Ron Paul – “The Federal Reserve is There to Accommodate the Politicians”

(Bloomberg) – On Wednesday, Congressman Paul appeared on Bloomberg TV to discuss the Fed’s role in creating the financial crisis, how it has destroyed our economy, and the alternative presented by a free market.

The March for Answers

The March for Answers is a not just a protest march against further suppression of NYC CAN in its battles with the City of New York City to get the referendum for a new 9/11 investigation on the November ballot.

Federal Reserve rejects request for public review

(RawStory) – The institution which creates and oversees America’s currency wants to keep a “low profile,” according to a published report on Monday, and may willing to dodge the U.S. Treasury in order to do so.

Post Mortem for Lehman – Did Bernanke and Paulson Blackmail Congress?

“Lehman’s fate was sealed not in the boardroom of that gaudy Manhattan headquarters. It was sealed downtown, in the gloomy gray building of the New York Federal Reserve, the Wall Street branch of the U.S. central bank.” Stephen Foley, U.K. Independent
Stephen Foley is on to something. Lehman Bros. didn’t die of natural causes; it was drawn-and-quartered by high-ranking officials at the US Treasury and the Federal Reserve.

H1N1 Vaccine with Mercury and Squalene Pushed on Pregnant Women

(NaturalNews) – It’s getting crazy out there. New revelations about the novel H1N1 vaccine are raising more questions than ever about its safety while there’s a new drive to push shots of the stuff as quickly as possible on perfectly healthy pregnant women. That means the most vulnerable of all — unborn children — will be exposed to a little-tested vaccine.

Stiglitz Says MSM: Banking Problems Are Now Bigger Than Pre-Lehman

(Bloomberg) — Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.

Video: Marc Faber On Bloomberg discussing the Fed

(September 10, 2009) –

MSM: UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’

(Bloomberg) – The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said.

How Bad Will It Get? – Mike Whitney

The U.S. economy is at the beginning of a protracted period of adjustment. The sharp decline in business activity, which began in the summer of 2007, has moderated slightly, but there are few indications that growth will return to pre-crisis levels.

Liquidity to Keep the Financial System from Collapsing in a Heap

(MikeWhitney) – Ben Bernanke never should have been reappointed as Fed chairman. Obama made a big mistake. The main thing to remember about Bernanke is that, in the two years since the financial crisis began, he’s made no effort to force the large banks and financial institutions to write-down their losses. Nor has he pushed for the regulations that are needed to restore confidence in the system.

Swine Flu: Natural Pandemic or Man-Made Pandemonium?

The latest in the barrage of media reports on swine flu is a Bloomberg news report (August 25, 2009) that it might hospitalize 1.8 million patients in the US and over-burden hospital intensive care units.

Memo to Bernanke: “No Wage Growth; No Recovery”

A recent poll shows that most economists now believe that the recession, which began in December 2007, will end in the third quarter of 2009. There’s been an uptick in manufacturing and consumer confidence, and the decline in housing prices appears to be flattening out. Unfortunately, the return to positive GDP will likely be short-lived.

Racketeering 101: Bailed Out Banks Threaten Systemic Collapse If Fed Discloses Information

And so the guns come out blazing. The Clearing House Association, another name for all the banks that were bailed out over the past year with the generous contributions from all of you, dear taxpayers, are now threatening with another instance of complete systemic collapse if Bloomberg’s lawsuit is allowed to proceed unchallenged, let alone if any of the “Audit The Fed” measures are actually implemented.

MSM: Federal Reserve loses suit demanding transparency

(Reuters) – A federal judge on Monday ruled against an effort by the U.S. Federal Reserve to block disclosure of companies that participated in and securities covered by a series of emergency funding programs as the global credit crisis began to intensify.

Judge Orders Fed To Disclose Who Received Bailout Trillions

A New York District Judge has ordered the Federal Reserve to disclose the destination of around $2 trillion dollars in bailout funds after the Fed failed to convince the Judge that the records should be exempt from the Freedom of Information Act.

MSM: Swine Flu May Cause 90,000 U.S. Deaths, Report Says (Update2)

(Bloomberg) – Swine flu may infect half the U.S. population this year, hospitalize 1.8 million patients and lead to as many as 90,000 deaths, more than twice the number killed in a typical seasonal flu, White House advisers said.

MSM: First Swine Flu Vaccinations May Start in Australia in a Month

(Bloomberg) – Mass vaccination against swine flu may begin in Australia within a month, health officials said, heralding one of the world’s biggest public health exercises.

The Economy is in Deep, Deep Trouble…

Booyah. It’s morning in America. The jobless numbers are stabilizing, the stock market is sizzling, quarterly earnings came in better than expected, traders have turned bullish, housing is showing signs of life, and clunker-swaps have given Detroit a well-needed boost of adrenalin. Even Cassandra economists –like Paul Krugman and Nouriel Roubini–have been uncharacteristically optimistic. Is is true; did we avoid a Second Great Depression? Is the worst really behind us?

MSM: Monsanto to Charge as Much as 42% More for New Seeds

(Bloomberg) – Monsanto Co., the world’s largest seed maker, plans to charge as much as 42 percent more for new genetically modified seeds next year than older offerings because they increase farmers’ output.

MSM: Toxic Loans Topping 5% May Push 150 Banks to Point of No Return

(Bloomberg) – More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.

Video: Entering the Greatest Depression in History

While there is much talk of a recovery on the horizon, commentators are forgetting some crucial aspects of the financial crisis. The crisis is not simply composed of one bubble, the housing real estate bubble, which has already burst. The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008.

MSM: Senators, Advisers Urge Obama to More Than Double Afghan Forces

(Bloomberg) – President Barack Obama and top U.S. military commanders are being pressed by senators and civilian advisers to more than double the size of Afghan security forces, a move that would cost billions of dollars.

Eyeing Iran, US seeks to rush production of 30,000-pound bomb

The US Defense Department is seeking to accelerate by three years the development of a 30,000-pound bomb, a move that underscores growing unease over nuclear threats from Iran and North Korea, the Bloomberg news network reported on Friday.

MSM: U.S. Initial Jobless Claims Rise by 25,000 to 584,000

(Bloomberg) – The number of Americans filing claims for jobless benefits last week held below levels seen in late June, before auto-related distortions set in, indicating firings are slowing as the economy stabilizes.

Video: Trader on Bloomberg says markets are manipulated and volumes ‘ficticious’

(6-30-09) – Joe Saluzzi talks on Bloomberg and explains how machine trading is distorting the financial markets.

MSM: Foreclosure Filings in U.S. Reach Record 1.5 Million

(Bloomberg) – U.S. foreclosure filings hit a record in the first half, a sign that job losses and falling property prices deepened the housing recession, according to RealtyTrac Inc.

MSM: Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

(Bloomberg) – Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.”

‘Sucker’s Rally’ Beginning To Unwind?

U.S. stocks are falling again following a massive plunge at the end of the last week amidst signs that the “sucker’s rally” we warned about back in May could now be unwinding, in line with the Bilderberg Group’s 2009 agenda.

Jim Rogers Sells Dollars, Plans to Short Treasuries

(Bloomberg) – The dollar and U.S. Treasuries are both likely to slide as soaring government debt in the world’s biggest economy undermines confidence in its assets, according to Jim Rogers, chairman of Rogers Holdings.

Ahmadinejad Vows to Break Global Monopoly After Win Approved

(Bloomberg) – Iranian President Mahmoud Ahmadinejad said he wants to interact with the world using an “approach of change” to “break the monopoly of global powers,” the state-run Islamic Republic News Agency reported.

Is the Fed Juicing the Stock Market?

Why has the stock market been on a 3-month tear when the economy is undergoing the worst economic contraction since the Great Depression? The S&P 500 has shot up 40% from its low on March 9 and the Dow Jones Industrials have followed close behind. Is this a typical bear market rally or is the invisible hand of the Fed goosing the markets?

Video: Ron Paul on the Fed Power Grab

(Bloomberg) – Interview with Rep. Ron Paul (R) of Texas

The Coming Economic Collapse

Today’s essay details the ongoing collapse of the US economy with a focus on why this coming fall will prove the “worst is over” crowd wrong yet again. Earlier this week, I detailed three major developments.

MSM: Swine Flu Pandemic Declaration Will Include Severity (Update2)

(Bloomberg) – The World Health Organization’s pandemic alert scale should consider the severity of diseases instead of just the geographic spread, an advisory committee said today.

Video: Fed to Hire PR Wizard to Fight Against HR 1207

As HR 1207 gains momentum and co-sponsors in the House of Representatives, the Federal Reserve is planning to fight the tide calling for an audit of its books by hiring a veteran lobbyist to “manage its relations with Congress,” according to Reuters.

Illiteracy in High Places – Forgetting What We Learned

(Paul Craig Roberts) – If a person lives long enough, he can watch everyone forget everything they learned. Everyone includes Federal Reserve Chairmen, economists, Bank of America “strategists,” and even Bloomberg.com.

MSM: U.S. Inflation to Approach Zimbabwe Level, Faber Says (Update2)

(Bloomberg) – The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.

Israelis get four-fifths of scarce West Bank water, says World Bank

In some areas of the West Bank, Palestinians are surviving on as little as 10 to 15 litres a person each day, which is at or below humanitarian disaster response levels recommended to avoid epidemics. In Gaza, where Palestinians rely on an aquifer that has become increasingly saline and polluted, the situation is worse. Only 5%-10% of the available water is clean enough to drink.