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

Video: Use Cash And Enjoy Privacy? You’re A Terrorist

(PaulWatson) – A new government commercial currently running on one of Britain’s most popular radio stations is selling one thing – fear – by encouraging Londoners to report their neighbors as terrorists if they use cash, enjoy their privacy, or even close their curtains. Continue reading

World War

(YNet) – Iran tells Russian pilots to leave

Iran gives commercial pilots two months to leave country as tension mounts over S-300 missile deal Read More Here

(AFP) – New Iran rocket launch site shows N. Korea links: Jane’s

Iran is building a new rocket launch site a short distance from an existing complex and seems to be working with North Korea, information group IHS Jane’s said Friday. Read More Here

(Reuters) – Iran’s Ahmadinejad Calls Sept 11 “Big Fabrication”

Iranian President Mahmoud Ahmadinejad on Saturday called the September 11 attacks on the United States a “big fabrication” that was used to justify the U.S. war on terrorism, the official IRNA news agency reported. Read More Here

(PressTV) – Ireland says Israeli siege on Gaza ‘medieval’

Ireland blasts the Israeli siege of the Gaza Strip as “medieval,” urging the European Union to pressure Tel Aviv into easing the restrictions. Read More Here

(GlobalResearch) – Nobel Peace Prize Winner Reserves the Right to Nuclear First Strike

The approval of a new United States nuclear doctrine has been postponed for another month. The military had taken almost a year to prepare it. The initial wording, in which America renounces any pre-emptive strike, avowing instead to use nuclear weapons only in response to attack, was rejected by President Barack Obama. Read More Here

(GlobalResearch) – Iran’s Nuclear Program: Tehran’s Reply to the IAEA on the “Implementation of Safeguards in Iran” – Read More Here

(GlobalResearch) – Daunting Crisis in East-West Relations: U.S., NATO Intensify War Games Around Russia’s Perimeter

Along with plans to base anti-ballistic missile facilities in Poland near Russia’s border (a 35 mile distance) and in Bulgaria and Romania across the Black Sea from Russia, Washington and the self-styled global military bloc it leads, the North Atlantic Treaty Organization, have arranged a series of military exercises on and near Russia’s borders this year. Read More Here

Obama Breaks Yet Another Key Campaign Promise

(PropagandaMatrix) – In the face of rapidly growing populist anger, the Obama administration has signaled that it will fall back on a form of power well known to all successful dictators – rule by decree – and that Obama will use the very instrument he campaigned against to ram through the new world order agenda – Executive Orders, and lots of them. Continue reading

China to Sell U.S. Assets

(WashingtonsBlog) – Something big is happening in China which could have a huge effect on the American economy.
On Tuesday, Reuters reported:

Senior Chinese military officers have proposed that their country … possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.

Continue reading

The Pending Collapse Of The U.S.A. – Timothy V. Gatto

The truth that most people realize but can’t openly talk about is that America has seen better days and that the system of capitalism has long outlived its usefulness. The last part of that sentence, that capitalism has outlived its usefulness, is thoroughly the fault of the capitalists themselves. Continue reading

MSM: Commercial Real Estate Near Disaster – Fund Manager

(CNBC) – Commercial real estate is somewhere between an orderly massacre and a disaster, William Mack, founder and chairman of Area Property Partners, a real estate investment fund, told CNBC. Continue reading

MSM: Wilbur Ross Sees ‘Huge’ Commercial Real Estate Crash

Oct. 30 (Bloomberg) — Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.” Continue reading

Rate Of Bank Charge Offs Surpasses That Set During Great Depression

Even as the cataclysmic events of last year fade into memory and most pundits are convinced that the government alone can push the country into prosperity, if it only wasn’t for that pesky unemployment number that just refuses to cooperate, yet another comparison with the Great Depression emerges, Continue reading

A Dollar Rout Or More Bernanke Trickery? – Mike Whitney

Consumer credit is falling fast. In July, consumer credit plunged by $19 billion, followed by an August drop of $12 billion, a 5.8 percent annual rate. Credit card spending decreased by nearly $10 billion in August, while non-revolving debt, including auto loans, fell by $2 billion. Credit has shrunk for 7 consecutive months, the longest period of decline since 1991. Continue reading

Commercial Real Estate: The Shoe Dropped In California

(BusinessInsider) – More proof that the commercial real estate
crash is coming: hotel foreclosures in California have more than tripled in the first nine months of this year, according to Bloomberg. Continue reading

China Has Already Walked Away from Derivatives Contracts

You’ve probably heard that China has threatened to walk away from certain commodity derivatives contracts.
As Reuters reported in August: Continue reading

Video: Webster Tarpley – Say Hello to Jingle Mail

Webster describes what the meaning of Jingle Mail as the retail – commercial and real estate market is on the verge of collapse.. Continue reading

MSM: Commercial Real Estate Lurks as Next Potential Mortgage Crisis

(WSJ) – Federal Reserve and Treasury officials are scrambling to prevent the commercial-real-estate sector from delivering a roundhouse punch to the U.S. economy just as it struggles to get up off the mat. Continue reading

FDIC Insured Institutions have $13.3 Trillion in Assets. 8,195 Banks and 116 Institutions Hold $10.2 Trillion of Those Assets. One out of Four Institutions Unprofitable. 1,000 Banks Will Fail or Merge.

The banking system has taken the country to the financial edge of the greatest recession since the depression.  The enormous number of bad loans floating out in the economy only complicates the unemployment situation.  When we look into the latest banking data, we realize that over 1,000 of current banks will fail or merge with a too big too fail bank.  In fact, the total number will be over 1,000 simply because the “not too big” to fail banks heavily bet on commercial real estate loans that amount to $3 trillion. Continue reading

The Cause – The cause of all wars throughout history is interest-bearing debt

Entirely unsuspected, except by a few astute observers, they cunningly and patiently wove a web in which they have entrapped mankind. — Emanuel Josephson, 1968
Most of the real history of the world has been hidden from us by the same people who commit the crimes, gigantic crimes on the scale of world wars , manufactured pandemics and massive tax ripoffs that ruin our health, kill our children and obliterate our peace of mind. Continue reading

Video: Fukn News – God Bless Obamerica

Explicit content. Parental Advisory!

Obama wins Magical mystery tour, nationalism and voodoo live on. Crisis in Democratice republic of congo solved by stealling mineral reserves.
In the UK more debt is best answer to debt problem says debt ridden bankers.