Video: America Won the Cold War But Now Is Turning Into the USSR, Gerald Celente Says

(YahooFinance) – There’s a lot of talk these days about America being an empire in decline. Gerald Celente, director of the Trends Research Institute, goes a step further, arguing America is following a similar path as the former Soviet Union. Video Link Here

American Propaganda – Timothy V. Gatto

(PeoplesVoice) – When will the people of this nation understand that those they trust to guide them and protect them have nothing but contempt for them? Everyday there are people who have no work and have used up their 99 weeks of unemployment insurance, they are called the 99%’rs. Every day the people of this nation look into their television sets and hear the propaganda of a nation that is hell-bent on empire because they fear their own imminent collapse. This won’t affect the trans-national corporate hierarchy; they will just move to another country, it’s all the same to them. There is no patriotism and no loyalty to the United States among those that sit on the mantle of power.

The majority of Americans are decent, hard-working people, but they are none the less… stooges. They have been indoctrinated from birth to believe in a set of core values that are designed to keep them subservient and docile. They are the victims of propaganda that emanates from the government and the corporate media, designed to lead them to believe that we are “defending democracy” even though we have no real democracy of our own. Continue reading

Video: Celente – Stock Market Crash Before End of 2010

(Trends&ForecastsBlog) – Gerald Celente believes that the stock market will crash before the end of 2010 , gold will soar. When gold was at $275 per ounce in 2002, Celente said the price had bottomed and in 2004 forecast the beginning of the “Gold Bull Run.” Since that time, with pinpoint accuracy, he said when, why – and how high – gold would go. Gerald Celente sees huge opportunities in green healthy food , technology for the poor and in rejuvenating the cities with quality architecture…, Gerald Celente as always recommends gold Canadian dollar the Swiss franc as hedges against the inflation. Continue reading

Scientists stunned as bee populations continue to decline

(NaturalNews) – Scientists remain stymied as honeybees in the United States and across the world continue to die in large numbers.

“There are a lot of beekeepers who are in trouble” said David Mendes, president of the American Beekeeping Federation. “Under normal condition you have 10 percent winter losses … this year there are 30, 40 to 50 percent losses.”

For many years, beekeepers have been plagued by colony collapse disorder, in which formerly healthy bees abruptly vanish from their hives. The number of beehives in the United States dropped 32 percent in 2007, another 36 percent in 2008 and still another 29 percent in 2009. Continue reading

NIST piles it higher and deeper: structural engineer Anders Björkman refutes Dr. Zdenek Bazant

(Examiner) – Anders Björkman is a structural engineer from France who became an early member of Richard Gage’s AE911Truth. He had previously given speeches in his country to people whose children had seen footage of the Trade Towers’ destruction and were worried that buildings could collapse from the top down. He reassured these parents that this couldn’t happen and posted his presentation on his web site where it gradually developed.

Björkman became a formal critic of the “Progressive Collapse” or “Piledriver” theory promoted by Dr. Zdenek Bazant, a consultant for the National Institute of Standards and Technology (NIST) in its work on 9-11. The Piledriver Theory basically posits that prolonged heating weakened the support columns of a single floor which caused the upper section to crush what was below it in a chain-reaction all the way to the bottom. Read More Here

Video: Keiser Report №65 – Markets! Finance! Scandal!

(RussiaToday) – This time Max Keiser and co-host Stacy Herbert look at the latest scandals of box office manipulation in China, $9 billion missing in Iraq and contango in commodities. In the second half of the show, Max talks to Internet sensation George Hemminger about his experience with financial collapse in America. Continue reading

What collapsing empire looks like – Glenn Greenwald

(Salon) – As we enter our ninth year of the War in Afghanistan with an escalated force, and continue to occupy Iraq indefinitely, and feed an endlessly growing Surveillance State, reports are emerging of the Deficit Commission hard at work planning how to cut Social Security, Medicare, and now even to freeze military pay. But a new New York Times article today illustrates as vividly as anything else what a collapsing empire looks like, as it profiles just a few of the budget cuts which cities around the country are being forced to make. This is a sampling of what one finds: Read More Here

When Globalism Runs Its Course … The Year America Dissolved – Paul Craig Roberts

(GlobalResearch) – It was 2017. Clans were governing America.

The first clans organized around local police forces. The conservatives’ war on crime during the late 20th century and the Bush/Obama war on terror during the first decade of the 21st century had resulted in the police becoming militarized and unaccountable.

As society broke down, the police became warlords. The state police broke apart, and the officers were subsumed into the local forces of their communities. The newly formed tribes expanded to encompass the relatives and friends of the police. Continue reading

The Year America Dissolved – Paul Craig Roberts

(InfoClearingHouse) – It was 2017. Clans were governing America.

The first clans organized around local police forces. The conservatives’ war on crime during the late 20th century and the Bush/Obama war on terror during the first decade of the 21st century had resulted in the police becoming militarized and unaccountable.

As society broke down, the police became warlords. The state police broke apart, and the officers were subsumed into the local forces of their communities. The newly formed tribes expanded to encompass the relatives and friends of the police. Continue reading

Video: Land grabs, Geoengineering & Climate Change – Vandana Shiva on Democracy Now with Amy Goodman

(DemocarcyNow) – Vandana Shiva, is a philosopher, environmental activist, eco feminist and author of several books. Shiva, currently based in Delhi, is author of over 300 papers in leading scientific and technical journals. She received her Ph.D. in philosophy from the University of Western Ontario, Canada, in 1978 with the doctoral dissertation:“Hidden variables and locality in quantum theory”.

Shiva participated in the nonviolent Chipko movement during the 1970s. The movement, some of whose main participants were women, adopted the approach of forming human circles around trees to prevent their felling. She is one of the leaders of the International Forum on Globalization, (along with Jerry Mander, Edward Goldsmith, Ralph Nader, Jeremy Rifkin, et al.), and a figure of the global solidarity movement known as the alter-globalization movement. She has argued for the wisdom of many traditional practices, as is evident from her interview in the book Vedic Ecology (by Ranchor Prime) that draws upon India’s Vedic heritage. Continue reading

Video: Robert Dinozzi & Brian Kraft Talk About Their Documentary, The Fall of America – Alex Jones Tv

Alex talks with writer, director, and producer Brian Kraft and Robert DiNozzi about Kraft’s The Fall of America and The Western World, an 8+ hour documentary. The video explores the current economic crisis, the Federal Reserve, the emerging police state, the globalist agenda, and how political agendas in media have destroyed our ability to get real news. Robert DiNozzi was the executive producer of Flightplan, a 2005 feature film starring Jodie Foster. Continue reading

Video: Infowars.com Poll – Majority Believe Road Warrior Depression Coming

(KurtNimmo) – An Infowars.com poll posted last week reveals that nearly 60% of respondents believe the United States is headed for a “road warrior” economic depression. 17% believe the country is headed for a depression no worse than the Great Depression, while 13% think the economic crisis will continue along its current trajectory and not get worse. 5% of respondents believe the economy will turn around as Obama and the government promises. Continue reading

Video: Paul Watson – America Stands On The Precipice Of Total Collapse! – Alex Jones Tv

There can be little doubt that America, along with the west as a whole, is being set up for a total collapse in which life as we know it will be fundamentally altered and rebuilt around a collectivist model managed and controlled by the same criminals who engineered the crisis in the first place. Continue reading

Economy

(LATimes) – U.S. home foreclosures reach record high in second quarter

Bank repossessions increased 38% in the second quarter from the same period a year earlier for a record total of 269,952, according to data to be released Thursday by RealtyTrac. Read More Here

(CounterPunch) – How Bank of America Got Away With a Huge Swindle – Read More Here

(TechTicker) – The U.S. Middle Class Is Being Wiped Out: Here’s the Stats to Prove It

The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America. Read More Here

(TheComingDepression) – World At Risk Of Folding In On Itself

The global economy is at risk of folding in on itself unless policy makers face up to the threat of inflation and exchange rate inflexibility, according to Arun Motianey, director of fixed income strategy at Roubini Global Economics. Read More Here

(TheComingDepression) – The Housing Depression – Read More Here

(EconomicCollapse) – The U.S. Economy Is A Dead Horse And The American People Are Starting To Get Really Pissed Off And Frustrated – Read More Here

(AP) – Dollar slides after Greek debt auction bolsters confidence in Europe, while US data weak

The dollar has drifted lower after Greece successfully sold debt to investors while U.S. economic data remained weak. Read More Here

(MoneyNews) – Obama Panel Warns Governors: Debt Will Destroy US Like a Cancer – Read More Here

(InfoClearingHouse) – The Fed is Steering the Economy into Deflation – Mike Whitney – Read More Here

(12160Org) – Fear Index rises to 16-year high

The Fear Index has risen to a 16-year high. As of June 30th, the Fear Index is 2.35%, based on M3 data made available by shadowstats.com. Here is the formula and calculation for June 30th: Read More Here

Video: Alex Jones Tv: The Private Planetary Banking Cartel Designed This Depression!

Alex starts off the show with a strong message and a reminder of who is causing all of these global depressions and what they stand to gain if they succeed. Continue reading

Video: Road Warrior-level collapse imminent – Alex Jones says we must take corrective action now

(AlexJones&AaronDykes) – Move towards global currency as U.S. loses status, faces depression and sees dangerous cuts to services as economic instability sets in

The United States as we know it has ended, Alex Jones warns, as the nation has lost its credit rating with China, its Dollar reserve status and faces saddling debt and cuts in programs and services. Continue reading

The October Surprise Is Coming

(AmericanThinker) – The October Surprise. We all know it’s coming. In what shape, idea, form — who’s to say? Evil always surprises. Its goals are constant, the ultimate objective never changes, but inevitably it manifests itself as the savior of the day, the savior of man. The 2008 Democrat October Surprise that ushered in the first hardcore radical post-American president in American history was the “economic collapse.” Oh yes, that was a beaut.

The time before that, the moochers and the looters tried to fake Bush documents — except that the conservative blogosphere caught them red-handed, so they missed their mark. Continue reading

Economy

(ActivistPost) – Economic Hitmen Come for Their ‘Pound of Flesh’ in New Jersey

It was reported today that New Jersey’s Governor Christie is proposing privatization of many public services. This is the precise playbook of “Economic Hitmen” aka Banks. First, they loan ridiculous amounts of money to the public sector, knowing full well these loans can never be repaid and when state bankruptcy looms, the public infrastructure is auctioned to pirates of industry for pennies on the dollar. Read More Here

(SeekingAlpha) – Look Out Below: The Baltic Dry Index Is in Freefall – Read More Here

(RTTNews) – Regulators Shut Down Four Banks

On Friday, regulators closed four banks in the U.S. bringing the total number of bank failures to 90 so far this year. The failed banks are Bay National Bank, Baltimore, Maryland, Ideal Federal Savings Bank, Baltimore, Maryland, USA Bank, Port Chester, New York and Home National Bank, Blackwell, Oklahoma. Read More Here

(AboveTopSecret) – 46,000 Dairy Farms Closed Down in Last 10 Years

Times are especially bad for dairy farmers across the United States. About 40% of all dairy farms
(or 46,000) went out of business over the last 10 years, due to falling milk prices and rising costs. Farmers went from getting $21.70 per hundred pounds of milk to $11.30 from 2007 to 2009, while animal feed costs increased 35% and fuel prices rose 30%. Read More Here

(CharlieVLog) – The Collapse Is Upon Us

(AspenDaily) – Historian warns of sudden collapse of American ‘empire’

Harvard professor and prolific author Niall Ferguson opened the 2010 Aspen Ideas Festival Monday with a stark warning about the increasing prospect of the American “empire” suddenly collapsing due to the country’s rising debt level.

“I think this is a problem that is going to go live really soon,” Ferguson said. “In that sense, I mean within the next two years. Because the whole thing, fiscally and other ways, is very near the edge of chaos. And we’ve seen already in Greece what happens when the bond market loses faith in your fiscal policy.” Continue reading

Economy

(Independent) – How Goldman gambled on starvation

By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You’re wrong. There’s more. It turns out that the most destructive of all their recent acts has barely been discussed at all. Read More Here

(Telegraph) – Britain facing £5.5 billion EU sanction

Britain could face sanctions costing the taxpayer £5.5 billion if it fails to meet spending targets set by a new EU “economic government”, under European Commission proposals. Read More Here

(PressTV) – ‘Corporates may cause rise in hunger’

Economic moves by major investment firms like Goldman Sachs, Merrill Lynch, and Deutsche Bank may cause a rise in hunger, according to a leading economist.

Professor Jayati Ghosh of the Centre for Economic Studies in New Delhi made the remarks on the sidelines of the G20 summit in Toronto last week, The Independent reported on Friday. Read More Here

(NYTimes) – Robert Prechters Market Forecast Says “Take Cover”

A proponent of the Elliott Wave theory for market forecasting sees trouble ahead: a slide worse than the Great Depression or the Panic of 1873. Read More Here

(Telegraph) – The latest threat to the global recovery: state capitalism

Stated in one bald paragraph it sounds a little apocalyptic. But Ian Bremmer, the highly respected author who is president of the Eurasia Group in the United States, makes a compelling case. The financial crisis has left Western capitalism nervous and risk averse, constantly under attack from a body politic keen to take advantage of public anger over the events of 2007 and 2008. Issues like the control of the banking system, remuneration and the failure of so much of the financial sector, whether Northern Rock, Lehman Brothers, AIG or Royal Bank of Scotland, has created a fundamental crisis in confidence. Read More Here

(StopCartel) – Economic, Crisis, Greek Theater, Our Drama – Read More Here

(FinanceMyMoney) – California budget nightmare – in 1970 California took in 28 percent of state revenues from personal income taxes. Today, the state pulls in 52 percent from personal income taxes. Massive shift to service oriented state – Read More Here

(PressTV) – UK mulling food vouchers distribution

The unemployed whose benefits have been cut off by government will receive food vouchers by charities supported by the government to make up for the cuts in welfare spending. Read More Here

(PressTV) – ‘US facing Soviet-like disintegration’

A senior Iranian lawmaker, Alaeddin Boroujerdi, has warned the US of imminent collapse, saying its approaches bring to mind soviet policies before disintegration.
“America’s conduct toward the world bears great resemblance to that of the Soviet Union before its disintegration,” Fars News Agency quoted the head of the Parliament’s National Security and Foreign Policy Commission as saying on Friday. Read More Here

(NYTimes) – In Ireland, a Picture of the High Cost of Austerity

As Europe’s major economies focus on belt-tightening, they are following the path of Ireland. But the once thriving nation is struggling, with no sign of a rapid turnaround in sight. Read More Here

(WSWS) – Sri Lankan budget imposes IMF austerity demands – Read More Here

(InternationalForecaster) – The U.S. Economy is Falling. Towards another Credit Collapse?

The housing market is in serious freefall with builders scheduled to increase units by 535,000 this year. As sales fall so will big bank balance sheets. That means we are facing another credit collapse. Read More Here

Video: Enough is Enough

(YahooFinance) – Video: U.S. Economy “Is a Complete Disaster”

The U.S. economy is in shambles and Americans will continue to see high unemployment and lower living standards in the years to come, Howard Davidowitz tells Henry and Aaron in the accompanying clip. – Continue reading

Economy

(SmirkingChimp) – Is the Depression Coming? Or Is It Here?

The FBI arrests 1,200 Americans for mortgage fraud in the largest crackdown of its kind in history. There is no media focus on the companies that securitized and insured their toxic loans. This white-collar crime sweep is, at best, a one-day story with most of the reports carried by local outlets. Read More Here

(MyBudget360) – Commercial real estate transactions collapse 90 percent from 2007 to 2009. The next taxpayer bailout in the $3.5 trillion CRE market. From $522 billion in sales to $52 billion. CRE market over 4 times the size of the entire credit card market

The massive commercial real estate market is already plaguing the weak balance sheets of banks. It is the case that each Friday, we are likely to see one U.S. bank fail because due to high levels of commercial real estate (CRE) debt on their books. This market is likely to cause the failure of hundreds of banks and put the economy down into another real estate funk. Read More Here

(July 2) – Video: Bill Still – The Secret of OZ / Solutions For a Broken Economy – Alex Jones Tv

Alex talks with Bill Still, the man behind the monetary reform documentary The Secret of Oz(available at the Infowars Store). Still’s previous films include the popular The Money Masters and Capital Crimes. The Secret of Oz won best documentary of 2010 at the Beloit International Film Festival, the Silver Sierra Award for Excellence in Filmmaking at the Yosemite Film Festival, and other prestigious awards. Part 1 Here

(PeopleManagement) – Graduate unemployment rate ‘set to hit 25 per cent’

The UK’s graduate unemployment rate could soar to nearly 25 per cent due to public-sector budget cuts, with newly qualified jobseekers outside of London the worst hit, new forecasts have predicted. Read More Here

(SacBee) – Schwarzenegger orders minimum wage for state workers

The Schwarzenegger administration today ordered State Controller John Chiang to reduce state worker pay for July to the federal minimum allowed by law — $7.25 an hour for most state workers. Read More Here

(LATimes) – Unemployment rate dips as more workers leave labor force

Employment-seekers decline by 652,000 June, which may reflect people giving up on job-hunting and a reluctance to hire. Overall, the jobless rate falls to 9.5% from 9.7%, the Labor Department reports. Read More Here

(DocumentingReality) – Starting in 2011—next year—the W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are provided – Read More Here

(ElliotWave) – Banks Continued Failure To Realise Commercial Real Estate Losses…

The massive commercial real estate market is already plaguing the weak balance sheets of banks. It is the case that each Friday, we are likely to see one U.S. bank fail because due to high levels of commercial real estate (CRE) debt on their books. This market is likely to cause the failure of hundreds of banks and put the economy down into another real estate funk. Read More Here

(AsiaTimes) – Smell of economic death

I know, alas, that there is nothing that can be done to prevent unimaginable suffering and the collapse of the economy, now that the US Federal Reserve has created so much excess money and credit, and, to make matters infinitely worse, are still doing it, more than ever! Read More Here

(Prairie2) – The Depression with no name

If Europe is serious about austerity this would be bad news for the US in several ways. Read More Here

(Money&Markets) – Double-Dip Recession Warning Signs Everywhere! Batten Down the Hatches!

The bright red warning signs of a double-dip recession are flashing everywhere. And I do mean EVERYWHERE. Read More Here

(BuzzFlash) – Wall Street is a Crime Scene, Not a Financial “Cyclical Aberration”

It’s shocking that more than 20 years after the movies “Wall Street” revealed the underlying corruption of America’s financial center, it is still difficult to get the corporate mainstream media to understand that the economic “collapse” of the last two years was a swindle and not a cyclic aberration. Read More Here

(BeforeItsNews) – House Refuses to Look At the Books – What’s Wrong With You and I Looking At The Fed and how it uses our money?

Since 1913 the actual buying power of the dollar has gone down by 95.6% – You can’t buy a gallon of gas for 8c any more. Read More Here

Climategate

(NYTimes) – Climate Scientist Cleared of Altering Data – Read More Here

(ForeignPolicy) – Whatever It Takes – Why I won’t back down on climate change – John Kerry – Read More Here

(EconomicCollapseBlog) – 50 Random Facts That Make You Wonder What In The World Has Happened To America

Our world is changing at a pace that is so staggering these days that it can be really hard to fully grasp the significance of what we are witnessing.  Hopefully the collection of random facts below will help you to “connect the dots” just a little bit.  On one level, the facts below may not seem related.  However, what they all do have in common is that they show just how much the United States has fundamentally changed.  Do you ever just sit back and wonder what in the world has happened to America?  The truth is that the America that so many of us once loved so much has been shattered into a thousand pieces.  The “land of the free and the home of the brave” has been transformed into a socialized Big Brother nanny state that is oozing with corruption and has accumulated the biggest mountain of debt in the history of the world.  The greatest economic machine that the world has ever seen is falling apart before our very eyes, and even when our politicians actually try to do something right (which is quite rare) the end result is still a bunch of garbage.  For those who still love this land (and there are a lot of us) it is heartbreaking to watch America slowly die.

The following are 50 random facts that show just how dramatically America has changed…. Continue reading

Economy

(FoxBusiness) – Video: Ron Paul, Judge Andrew Napolitano on Money Rocks – Financial Reform – View Video Here

(CSPAN) – Video: Ron Paul on Audit the FED – Video Link Here

(FoxBusiness) – Video: Ron Paul on FOX Business News on the Fed – Video Link Here

(PaulWatson) – Dollar Plunges After UN Call To Ditch Greenback

U.S. economy enters “total freefall” as double-dip recession looms Read More Here

(Telegraph) – Time to shut down the US Federal Reserve? – Read More Here

(Forbes) – Why The Greater Depression Still Lies Ahead

If policymakers do not understand the real cause of a problem, they will in all likelihood be unable to provide a genuine solution. Read More Here

(AP) – May pending home sales tumble without tax credits

The National Association of Realtors said Thursday its seasonally adjusted index of sales agreements for previously occupied homes dropped 30 percent in May from April. The index fell to 77.6 from 110.9. May’s reading was the lowest dating back to 2001. Read More Here

(AP) – 1.3 million unemployed won’t get benefits restored – Read More Here

(LondonTelegraph) – Prices rise as New Zealand passes emissions trading scheme

Petrol and power prices have risen sharply in New Zealand after the government introduced a controversial emissions trading scheme. Read More Here

(TheHill) – Waxman to Push Carbon Tax in Conference if Senate Falls Short – Read More Here

(RealClearPolitics) – Video: “Stop Spending!”: CNBC’s Santelli Warns Liesman “November 2nd Is The Day”

“I want this government to stop spending! Stop spending! Stop spending! Stop spending! STOP SPENDING! That’s what we want! Stop spending,” Rick Santelli yelled from the floor of the Chicago Board of Traders. Read More Here

(RussiaToday) – Video: Gerald Celente go for the Gold – Video Link Here

Also: Video: Gerald Celente With Jim Blasingame – June 22 2010 – Part 1Part 2

Video: Peter Schiff on Wall St. Unspun – Part 1 of 6 Here

(McClatchy) – Video: Goldman admits it had bigger role in AIG deals – Video Link Here

(Rense) – Who Will Pay – Wall Street Or Main Street? – The Tobin Tax Of The VAT? – Ellen Brown

Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Instead, they are engaged in a class war, insisting that the squeezed middle class be even further squeezed to balance over-stressed government budgets. All the perks are going to Wall Street, while Main Street slips into debt slavery. Wall Street needs to be made to pay its fair share, but how? Read More Here

(LATimes) – With federal stimulus funds running out, economic worries grow

Much of the $787-billion stimulus has been spent, creating jobs and extending jobless benefits. But with lawmakers reluctant to approve more funding, concerns are rising about staving off another recession. Read More Here

(Reuters) – Nearly 1 in 3 first-quarter home sales a foreclosure: report – Read More Here

(BusinessInsider) – RBS: Equity Investors Are The “Worst Cult In History,” Prepare For The “Cliff Edge” – Read More Here

(WebOfDebt) – “Deficit Terrorism” and Economic Warfare – Ellen Brown

All the Perks are going to Wall Street, while Main Street slips into Debt Slavery Read More Here

(GlobalResearch) – Stimulus or Austerity: The People vs. the Banks – Shamus Cooke

The most powerful nations in the world met recently at the G-20 in Toronto and managed to agree on only one thing of significance: the need to reduce deficits, “half by 2013.” Implied by the statement is the need to lower deficits via “austerity,” meaning eliminating or reducing social programs.

Why does every mainstream political pundit or corporate CEO fanatically agree that reducing deficits is the most important thing to do now? Let Obama explain: Read More Here

(InternationalForecaster) – Struggling and Faltering to Manage Economic Recovery – Bob Chapman

No Austerity, full steam ahead, Faltering markets, threats to social stability, Europe struggling with PIIGS, No end in California, economic disasters in the making, an oil soaked letter in Louisiana, consumer spending is uninspiring, Read More Here

25 Signs That Almost Everyone Is Expecting An Economic Collapse In 2010

At times like these, it is hardly going out on a limb to say that we are headed for hard economic times.  In fact, it seems like almost everyone in the financial world is either declaring that a recession is coming or is busy preparing for one.  The truth is that bad economic signs are everywhere.  Consumer confidence is plummeting, big banks are hoarding cash, top financial experts are issuing recession warnings and it seems like almost everyone is trying to accumulate as much gold as possible. Continue reading

BP Oil Gusher

(KurtNimmo) – Oil Industry Insider and CFR Member Predicts Gulf Evacuation

In response to a tropical storm brewing in the Caribbean, Simmons says: “We’re going to have to evacuate the gulf states. Can you imagine evacuating 20 million people?… This story is 80 times worse than I thought.” Read More Here

(CNN) – Video: Clinton’s Solution to BP Oil Gusher – Blow it Up – Video Link Here

(Telegraph) – BP oil spill: Barack Obama and David Cameron agree BP must not collapse

BP must not be allowed to implode in the wake of the Gulf of Mexico oil spill disaster, Barack Obama and David Cameron have declared, as the company starts the week with its shares at a 14-year low. Read More Here

Video: Oil on the gulf coast – Seagrove Beach, FL – Video Link Here

(FloridaOilSpillLaw) – EPA opening public “Decontamination Stations”; 400 people seek medical care after visiting Florida beach – Read More Here

(McClatchyDC) – No skimmers in sight as oil floods into Mississippi waters – Read More Here

(CNN) – Boats Created to Help Gulf Wildlife Turned Away: Find Out Why – Read More Here

Video: BP Slick Covers Dolphins and Whales

This was the most emotionally disturbing video I have ever done!
A flight over the BP Slick Source where I saw at least 100 Dolphins in the oil, some dying. I also photographed a Sperm Whale covered in oil all around it’s blow hole. Continue reading

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

Economy

(LondonTelegraph) – Federal Reserve cautions on US economic growth – Read More Here

(PeoplesWorld) – Texas poor say “No more!” – Read More Here

(InfoClearingHouse) – Consumer Spending is Flat, Unemployment is Rising: The Case for a Second Round of Economic Stimulus – Mike Whitney – Read More Here

REPOST (CNBC) – Soros Says Germany Could Cause Euro Collapse

German’s budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday. Read More Here

(BusinessInsider) – Deutsche Bank: U.S. Financial Conditions Just Collapsed Back To Crisis Levels

Financial conditions appear to have worsened substantially in recent quarters based on our update of the broad index of US financial variables presented earlier this year at the US Monetary Policy Forum. In the wake of recent developments in Europe, increased stress in financial markets has pushed that index halfway back to its immediate post- Lehman crisis lows. Read More Here

(BeforeItsNews) – Russia buys 16 percent of global gold production

According to the Russian Central Bank, Russian gold reserves just hiked 1.1 million ounces in May. Given global mining production is just 6.8 million ounces a month, this represents 16.1% of monthly global mining production.

This is the largest one month purchase of gold by the Russian Central Bank, which has been buying gold at a rate of 250,000 ounces a month for the past three years, and comes just as Putin is pushing for a single world currency and last week revealed the currency’s first proof coin. Read More Here

(WSJ) – Small Banks and Big Risks – Read More Here

(AlterNet) – The Bank Lobby Gets Desperate on Derivatives – Read More Here

(WSJ) – States Face New Pinch as Stimulus Ebbs

Tax Receipts Aren’t Rebounding Quickly Enough to Offset Declining Federal Aid; Push for Additional Medicaid Help Stalls Read More Here

(WSJ) – Video: Opinion Journal – Here Come the Tax Increases – Video Link Here

(CBS5) – Oakland To Send Out Layoff Notices To 200 Officers

Despite concerns about the city’s violent crime, the Oakland City Council on Tuesday voted to send out layoff notices to 200 police officers.

There seemed to be little choice. The city is facing years of multi million dollar deficits, and the public safety budget is a rich target representing about half the general fund. Read More Here

(EconomicPolicyJournal) – China Officially Disses the Dollar (and Treasury Debt)

The Peoples Bank of China has announced that it will no longer fix its currency in terms of the dollar. Instead it will manage the yuan against a basket of currencies. Read More Here

Climategate

(Telegraph) – Japanese told to go to bed an hour early to cut carbon emissions

Japanese households are being urged to go to bed one hour earlier than normal in order to help tackle climate change. Read More Here

(June 24) – Video: Lord Christopher Monckton: The Global Warming Take Over Grid – Alex Jones Tv

Alex also talks with British consultant, policy adviser, writer, columnist, and hereditary peer, Lord Christopher Monckton. Continue reading

Economy

(MyBudget360) – Middle class shackled by banking debt chains. 113 million households each owe an average of $113,000 in banking debt for mortgages, student loans, credit cards, and auto loans. $45 trillion in household sector debt, government debt, and domestic financial sector debt Read More Here

(AP) – More borrowers in trouble despite federal help

Result could be a new wave of foreclosures as thousands exit program – Read More Here

(RawStory) – US economy still in ‘incredibly difficult period’: Geithner – Read More Here

(TIME) – Inside the Dire Financial State of the States – Read More Here

(Infowars) – The Difference Between Economic Policy and Monetary Policy Read More Here

(Cryptogon) – Video: Chinese Manufacturers Looking to Replace Workers with Machines – Video Link Here

(Infowars) – When will the SEC prosecute for market rigging? – Read More Here

(NYTimes) – Rats Jumping Ship: Orszag Leaving as Budget Director

Peter R. Orszag will leave his job as the White House budget director in July, according to someone familiar with his plans, making him perhaps the first official to leave the Obama Cabinet and removing a major player from President Obama’s economic team. Read More Here

(NewsBusters) – Hoyer Nixes Middle Class Tax Cut, Says Too Expensive – Read More Here

(LATimes) – Maywood to lay off all city employees, dismantle Police Department – Read More Here

(BusinessWeek) – Osborne Increases U.K. Value-Added Tax Rate to 20% (Update1) – Read More Here

(DanielAmerman) – Video: Deadly Danger Of Dow 50,000 – Video Link Here

(CorbettReport) – Video: The Meaning of “Austerity”

“Austerity” is one of those Orwellian terms that has been injected into our political discourse precisely because it is a nice-sounding word for a very painful reality. “Austerity” implies discipline, self-restraint, even nobility. “Austerity” is prudent. “Austerity” is modest. “Austerity” is a virtue. It is an end in itself.

If the IMF or the European Central Bank come to the people of a collapsing European nation and tell them to sacrifice their pensions and their savings and their very standard of living all for a debt that their government has fraudulently racked up in their name, no one would go for it, and rightly so.

But tell those same people that they need to implement “austerity measures” in order to “get back on their feet” economically, and many will be willing to live in the harshest of conditions, content to put up with the dismantling of their nation itself in the vain hope that by giving more power to the international financial institutions they can somehow avoid economic collapse. Continue reading

Video: Because it can never be repeated enough – 9/11 Experiments – Collapse vs. Demolition

(SOTT) – Any theory that does not match experiment is wrong. It doesn’t matter what the computer models predict, how much funding is behind it, what the experts say, or what everyone “thinks”. Nothing can fool the laws of physics. Continue reading

Economy

(GoldScents) – GOLD BUBBLE? WHAT BUBBLE? – Read More Here

(IsraelFinancialExpert) – Special Report- The Secret Engine Behind China’s Housing Bubble- The Ponzi Shark Loan Finance

It is clear that artificially low interest rates and massive money printing by the government is fueling this bubble. But few know about the engine behind the monuments bubble- A giant shark loan ponzi scheme. Read More Here

(NYTimes) – That ’30s Feeling – Paul Krugman

Suddenly, creating jobs is out, inflicting pain is in. Condemning deficits and refusing to help a still-struggling economy has become the new fashion everywhere, including the United States, where 52 senators voted against extending aid to the unemployed despite the highest rate of long-term joblessness since the 1930s. Read More Here

(STLToday) – Fannie and Freddie tab is $146B and rising – Read More Here

(USAToday) – Bank failure is 83rd in ’10; pace more than double last year’s – Read More Here

(Boston) – May foreclosures in state double – Read More Here

(StarAdvertiser) – 4,171 on Oahu have no homes – Read More Here

(NEB) – Slide in shipping shows global recovery running out of steam – Read More Here

(VoiceOfSanDiego) – Foreclosures Still Piling Up – Read More Here

(ZanesvilleTimes) – Act would be disastrous in light of our country’s economic situation – Read More Here

REPOST – (RussiaToday) – Video: The Economic Crisis – “Major Currencies Can Simply Collapse”

Michel Chossudovsky says that the financial crisis is not over as President Barack Obama has hinted. Read More Here

REPOST – (WSWS) – Nearly One Million US Workers Cut Off Unemployment Benefits

With 12 Democrats joining a unanimous Republican bloc, the US Senate voted Wednesday to defeat a proposed extension of unemployment benefits for workers who have been jobless for nearly two years. The bill would have extended unemployment benefits for those out of work more than six months, until November 30. Read More Here

(GlobalResearch) – What do BP and the Banks Have In Common? The Era of Corporate Anarchy

On the occasion of the BP oil spill disaster, President Obama’s delivered an Oval Office speech last night—a masterpiece of milquetoast faux-outrage. The speech was all about “clean energy” and “ending our dependence on fossil fuels”. Faced with the BP oil spill—likely the most severe environmental disaster ever—this was President Obama’s response: Polite outrage, and vague plans to “get tough”, “set aside just compensation” and “do something”.

President Obama missed what the BP oil spill disaster is really about. Though unquestionably an environmental disaster, the BP oil spill is much much more. Read More Here

Layoffs

Amylin Pharmaceuticals – 60
Horizon Air – 120
AT&T Wisconsin – 125
Nexteer Michigan – Layoffs Likely
Huntsville Constellation Contractors – Hundreds of Layoffs Next Week
3 Catholic Schools in NJ – 38
Zanesville-Muskingum County Health Department – Layoffs / Furloughs
Northrop Grumman Corp Amherst Systems Division – 74
Wayne County Detroit – 700 Temporary layoffs this summer
Missouri  – 250
Update: Wayne-Westland school – 32
Jones Day Law Firm – 32
Merck ( France ) – About 800
Prudential Retirement – 60 : 30 in Hartford and 30 in Scranton PA
Morris Township NJ – up to 20
Richland County Ohio – 7
AOL – More Layoffs Possible?
American Municipal Power Inc – Job Cuts to start soon at Marietta Plant
Adams 12 Five Star Schools Colorado – 188
Fresno Unified School District – Job Cuts or Furloughs
City of Marengo IL – Considering 3 Layoffs
Dot Hill Systems – 10% of Global Workforce
Abbott Laboratories – 101
EastLink ( International ) – 33
McClelland & Stewart – Several Layoffs this week
Albert Einstein Healthcare Network PA – 48
City West Palm – 6
Detroit’s EMS – Warns of 36+ Layoffs Possible
US Cellular Tulsa Center – 160
Source: The Coming Depression

Economy

(SteveWatson) – Gold Prices Heading For Record Highs

Gold futures surged toward record highs Thursday as the stock market and the U.S. economy continued to flounder, leaving investors seeking a safe haven in hard assets. Read More Here

(BusinessInsider) – CHART OF THE DAY: Food Prices Are About To Explode – Read More Here

(Leap2020) – Global systemic crisis / Second half of 2010: The global system’s four single points of failure

Each day the news confirm the extent to which the global systemic crisis has now entered into the phase of global geopolitical dislocation, even if the media only timidly begin to interpret the historic upheavals which unfold before our own eyes. For LEAP/E2020, the second half of 2010 will thus correspond to a new step in the global geopolitical dislocation, characterized by an acceleration in the process of strategic, financial, economic and social convulsions centered on four single points of failure Read More Here

(MSNBC) – Home builders won’t lift the economy this time

Homebuilders are sending a message: They won’t be able to contribute much to the economic recovery now that government home-buying incentives have vanished. Read More Here

(InterForecaster) – Federal Reserve Purchases U.S. Sovereign Debt – Bob Chapman

We believe an inflationary depression began in February of 2009, and little has changed. Since then factory output has increased, as have inventories and other outward signs, such as retail sales. We believe that one-year spurt is ending, unless a new stimulus program is put in place. Read More Here

(ZeroHedge) – 100 Italian Economists Say Austerity Will Destroy Europe

The Telegraph’s Ambrose Evans-Pritchard points to a letter signed by 100 Italian economists (technically Keynesianites, but in the great Ponzi, the two have become synonymous) in which they note that “the austerity strategy imposed by Brussels/Frankfurt risks tipping Europe into a self-feeding downward spiral. Read More Here

(TheStreet) – Gold Prices Reach for $1,254

Gold prices were gunning to break their record high Thursday as an uncertain stock market fueled demand for gold as a safe haven asset. Read More Here

(CNNMoney) – Out-of-work job applicants told unemployed need not apply

The last thing someone who is unemployed needs to be told is that they shouldn’t even apply for the limited number of job openings that are available. But some companies and recruiters are doing just that. Read More Here

(Reuters) – More Than 90 Banks Miss TARP Payments – Read More Here

(June 16) – Video: Alex Newman Reveals Fed Manipulations & ‘Bernanke’s Trillions’ on Alex Jones Tv

New American journalist Alex Newman talks with Alex about his latest article, Fed Manipulations in the Crosshairs. “It turns out that under the guise of “stabilizing” the economy, the Federal Reserve banking cartel had set in motion a series of actions that would eventually transfer trillions to the bankers at taxpayers’ expense, all while decimating the investments of countless average Americans,” writes Newman. Alex also covers the news and takes your calls. Continue reading

Economy

(BBC) – Japan PM Naoto Kan warns of ‘collapse’ under debt pile

Japan is at “risk of collapse” under its huge debt mountain, the country’s new prime minister has said. Read More Here

(NAlert) – ObamaCare’s 150 New Government Agencies – Read More Here

(DowJones) – 2nd UPDATE: Milan Judge Adjourns Derivatives Trial To June 23

A Milan judge adjourned Wednesday a landmark derivatives trial against four international banks accused of fraudulently selling derivatives on a bond by two weeks to June 23.

Judge Oscar Magi, who recently took over the proceedings, also ruled that several parties including dozens of consumer … Read More Here

(NYTimes) – Uncertainty Restores Glitter to an Old Refuge, Gold

It is the resurgent passion of the doomsday crowd, a bet that everything will go wrong. No matter what has you worried, they say, the answer is gold. Read More Here

(CNNMoney) – Vermont to seniors: Return those $250 checks

The federal government is mailing $250 Medicare rebate checks this week, but Vermont is asking its seniors to send the money back to the state. Read More Here

(June 11) – Video: Bob Chapman’s Friday 6/11/2010 Economic Report on Alex Jones Tv

Bob Chapman of The International Forecaster checks in with his regular Friday economic news update. Alex covers the news and takes your calls. Continue reading

Economy

(C-SPAN) – Ron Paul: Restore a Full Audit of the Fed! – Video Link Here

(AsiaTimes) – Part 1 of 2 – THE POST-CRISIS OUTLOOK: Part 10 – The trillion-dollar failure – Read More Here

(CNNMoney) – Hello Chinese exports, good-bye U.S. jobs – Read More Here

(WRNGNews) – NY Government Shutdown Possible

The state budget is more than two months late. Since April, the government has been kept running on a week-to-week basis by temporary spending bills, or extenders. Read More Here

(ABCNews) – 2 million public servants on strike in Spain

Nearly 2 million Spanish state employees have stopped work in anger over government spending cuts that will see them lose about 5 per cent of their salary. Read More Here

(PressTV) – UK unemployment could reach 3 mn – Read More Here

(CNBC) – Debt Spreading ‘Like a Cancer’: Black Swan Author

The economic situation today is drastically worse than a couple years ago, and the euro is doomed as a concept, Nassim Taleb, professor and author of the bestselling book “The Black Swan,” told CNBC on Thursday.

“We had less debt cumulatively (two years ago), and more people employed. Today, we have more risk in the system, and a smaller tax base,” Taleb said. Read More Here

(USAToday) – Only a fraction of those in need file for bankruptcy – Read More Here

(Bloomberg) – Soros Says ‘We Have Just Entered Act II’ of Crisis

Billionaire investor George Soros said “we have just entered Act II” of the crisis as Europe’s fiscal woes worsen and governments are pressured to curb budget deficits that may push the global economy back into recession.

“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.” Read More Here

(CNSNews) – Bernanke: ‘Things Will Come Apart’ If Entitlements Are Not Reformed and Spending Controlled

Federal Reserve Chairman Ben Bernanke delivered a frank assessment to Congress on the fate of the economy if entitlement programs are not restructured. On Wednesday, Bernanke warned that “things will come apart” if Congress allows the federal entitlement programs and the deficit spending they cause to continue on their unsustainable path. Read More Here

(MailOnline) – U.S. facing debt ‘super cycle’: $13trillion black hole to overtake country’s GDP ‘within two years’

Forecasters predict the U.S. debt will grow to surpass gross domestic product in 2012, based on data from the International Monetary Fund. Read More Here

(EconomicCollapse) – More Than 1 In 5 American Children Are Now Living Below The Poverty Line

Perhaps the greatest victims of the economic nightmare that is unfolding right in front of our eyes are our children. The overall economic numbers are really bad, but when you examine the impact that this economy is having on children things get really horrifying. Read More Here

(CNBC) – Gold’s ‘Real Move’ to $7,000 Coming: Asset Manager

The “real move” in gold is to come, predicted Egon von Gruyerz, founder of precious metals investment and storage company GoldSwitzerland.com, on Monday. Read More Here

(PressTV) – UK’s welfare system targeted for cuts

UK Chancellor George Osborne discloses that the government has targeted welfare benefits, tax credits and public sector pensions for spending cuts. Read More Here

(Chron) – Radiohead frontman: Music industry on verge of collapse

Radiohead frontman Thom Yorke is warning the music industry is on the brink of collapse, insisting young musicians should resist signing record deals because the major labels will “completely fold” within months. Read More Here

(Telegraph) – CGT: investors rush into gold coins to beat tax rise

Britain’s bullion dealers are struggling to source enough gold sovereign and Britannia coins to keep up with surging demand ahead of an expected rise in capital gains tax (CGT) in the emergency budget. Read More Here

(June 10) – Video: Gerald Celente Breaks Down The Troubled Financial World Markets on Alex Jones TV

Alex talks with Gerald Celente, renowned trend forecaster, publisher of the Trends Journal, business consultant and author who makes predictions about the global financial markets and other events of historical importance.

Part 1 of 7

Continue reading