Economy

(Alternet) – Poverty: It’s Not Just for Black Urbanites Anymore! – And of course it never was. – Read More Here

(NYDailyNews) -Japanese PM Naoto Kan warns of Greece-level ‘collapse’ under debt pile – Read More Here

(Money&Markets) – Debt Facade Cracking in U.K. as Sovereign Contagion Spreads – Read More Here

REPOST – (MarketOracle) – Debt Can Never Be Repaid, By Bankster Design

You really have to hand it to the banksters. As was painstakingly detailed in the book Creature from Jekyll Island, the banking elite devised a brilliant plan in November of 1910 on Jekyll Island in which to take over control of the United States, steal the wealth from the taxpayers and the resources from the country. Read More Here

(EconomicPolicyJournal) – Analyst to Money Managers: Take Your Cell Phones with You on Vacation; Greece Could Default in August

Greece will eventually default on its debt because the country is highly indebted, Carl Weinberg, chief economist at High Frequency Economics, said on CNBC this morning. Read More Here

(MailOnline) – Doomed Labour’s £1.3 TRILLION last spending spree revealed: As the economy nosedived, your millions were wasted on grandiose schemes – Read More Here

(InfoClearingHouse) – One Bank Ruled Them All; Trichet’s Powergrab – Mike Whitney – Read More Here

(BusinessInsider) – The Stunning Crash And Burn Of Las Vegas

There are quite a few U.S. cities that are complete and utter economic disaster zones in 2010 (Detroit for example), but there is something about the demise of Las Vegas that is absolutely stunning. Read More Here

(MineWeb) – U.S. asset managers worried Obama could confiscate gold

Speaking at the FT Silver conference in London yesterday, lead-off speaker John Levin, HSBC Bank’s Managing Director, Global Metals and Trading (HSBC is one of the world’s top precious metals traders and its vaults in the U.S. and Europe hold huge holdings of gold and silver bullion) recounted conversations with some of the U.S.’s top asset managers controlling massive amounts of capital asking if HSBC had the capacity in its vaults to store major gold purchases. On being told that the bank’s U.S. vaults had sufficient space available he was told that they did not want their gold stored in the U.S.A. but preferably in Europe because they feared that at some stage the U.S. Administration might follow the path set by Franklin D. Roosevelt in 1933 and confiscate all U.S. gold holdings as part of the country’s strategy in dealing with the nation’s economic problems. Read More Here

(NYDaily) – Gov. Paterson: Shutdown over budget would cause ‘unimaginable chaos,’ crime in New York

Gov. Paterson went into full doomsday mode Thursday, warning of chaos and anarchy in the streets if the government shuts down.
“It would create unimaginable chaos around the state and the greater metropolitan area,” Paterson said on WCBS Radio 880 this morning. Read More Here

(AP) – Retail sales drop 1.2 percent in May

Retail sales plunged 1.2 percent last month, the Commerce Department said Friday. It was the largest decline in eight months. Read More Here

(BusinessInsider) – Social Security Payouts Are Already Crippling The Government This Year

There is enough published information from the Social Security Trust Fund to make some observations for the first six months of 2010. The data on FICA/SECA tax receipts and benefit payments: (all amounts in $billions) Read More Here

(PakAlert) – Warning Signs Of Full Spectrum Collapse Are Everywhere

The sovereign debt crisis in Greece and many other European nations has, at least for the moment, opened a gap in the wash of financial disinformation that has prevailed in the mainstream media for the past year. The average American is now more aware of the terrible costs of living in an artificially driven and widely manipulated “global economy”, and has also been exposed (at least for the moment) to the very real frailties in our own markets, which have been hidden or downplayed by the government as well as disingenuous establishment economists. Events in the EU, however, are only a glimpse of the greater and more imminent threats we face in the near future. In this article we will look at some of the latest and most disturbing moves by governments and financial institutions, as well as tell-tale signs in our own local cities, which signal that a full-spectrum collapse of world markets and possibly our own currency is not only in progress, but nearing completion. Continue reading

Video: Oath Keepers Proves That There WERE Troops Who Refused to Confiscate Guns During Katrina

(StewartRhodes) – We know that wholesale gun confiscation happened during Hurricane Katrina. We watched the Chief of Police of New Orleans declare on national television that “no one [no private citizen] will be able to be armed, we’re going to take all the weapons.” We watched an old lady being tackled in her own kitchen and disarmed. Continue reading

Video: Turn in your Neighbor for $1000

Step right up and help us confiscate guns! Make a phone call with an anonymous tip an well pay you tax free cash once we get the guns! Continue reading

Shreveport Citizens Disarmed By Police For 2nd Amendment Bumper Stickers

Welcome to Shreveport: Your rights are now suspended.According to Cedric Glover, mayor of Shreveport, Louisiana, his cops “have a power that [. . .] the President of these Unites States does not have”: His cops can take away your rights. Continue reading

Secret DHS Doc Predicts Violence in Response to New Gun Restrictions

In the wake of the MIAC report and the Virginia Terrorism Threat Assessment, another document issued by the Department of Homeland Security “for official use only” covering so-called “rightwing extremism” has surfaced. The document warns federal and local officials to expect “terrorism” in response to planned firearm restrictions and other points covered below. Continue reading

Video: Oath Keepers Orders We Will NOT Obey Full Length Video

1. We will NOT obey orders to disarm the American people.
2. We will NOT obey orders to conduct warrantless searches of the American people Continue reading