Economy

(FinancialSense) – Recession, Depression, or Systematic Breakdown

As crooked politicians, Federal Reserve hacks, and cheerleading media pundits inform you the recession is over, you probably have a sneaking suspicion they are lying. Read More Here

(LewRockwell) – Gold Money: Power to the People

Before I explain the title of this report, I want to prove to you that Americans are losing their liberties, day by relentless day. I also want to prove to you why it is that, unless there is an economic breakdown so severe that Washington D.C. goes broke, we will not get back these surrendered liberties. My demonstration will take approximately three minutes. For skeptics, it may take five minutes. Read More Here

(SilverBearCafe) – Silver is the best investment in the world

One cannot pick tops and bottoms and short term forecasting is for fools. Nevertheless, one has to do their best to see overall bottoms and tops. We feel silver has bottomed at the $16 level and it’s time to back up the truck. Read More Here

(EconomicPolicyJournal) – Condition Red: More Hidden Greek Debt Exposure Discovered

According to a report out last week, there is huge off-balance-sheet debt guaranteed by Greece and the other PIIGS, Portugal, Italy, Ireland and Spain. In addition to similar debt guarantees issued by other governments. Read More Here

(AFP) – Icesave referendum casts cloud of uncertainty over Iceland

Iceland’s economic and political future hangs in the balance as it heads towards a referendum on how to compensate Britain and the Netherlands for money lost in the collapse of an Icelandic bank. Read More Here

(SeekingAlpha) – How Have U.S. Stocks Defied Gravity for So Long?

This Tuesday will mark the anniversary of last year’s US stock market low. Since then the market has rallied by 70 percent in a recovery only slightly less suspicious than a Madoff hedge fund. Read More Here

Video: St. Petersburg’s Self-destructing Economy Part 4

In this video I show multiple vacant prime location commercial properties located throughout the greater St. Petersburg area. – Video Link Here

Video: Walmart Wants You Dead – How Walmart Screws it’s Employees

Walmart takes out Life insurance policies on its own employees called “Dead Peasant Policies” but then refuses to pay one of it’s own employee’s health benefits when she needed it the most. – View Video Here

(NYPost) – Frank retreats on debt

Powerful lawmaker Barney Frank had to pull his foot out of his mouth yesterday.

The Massachusetts Congressman rattled investors when he said the US Treasury won’t be responsible for bailing out investors holding the more than $5 trillion of mortgage-linked securities issued by Fannie Mae and Freddie Mac — the ailing mortgage companies at the center of the junk mortgage crisis. Read More Here

(AuctionBytes) – IRS to Track Online Sellers’ Payment Transactions

Internet sellers who don’t report their sales will no longer be under the radar. Starting next year, any bank or other payment settlement company that processes credit cards, debit cards, and electronic payments such as PayPal will have to issue information returns telling the IRS what merchants receive. The new returns are Form 1099-K, Merchant Card and Third-Party Payments. Read More Here

(C4L) – The Dominos of Default

The bad news for Greece is that despite some help from abroad, and some attempts at internal reform, investors are still leery of the troubled state. The good news, if you can call it that, is that they will soon have company in the penalty box. Read More Here

(BusinessInsider) – Goldman Says Matt Taibbi, Zero Hedge, Louise Story, And Janet Tavakoli Have Become Risks To Its Business – Read More Here