The Phases of an Empire

(ActivistPost) – The analysis below explains why all empires and “Imperial Style” governments have failed throughout history, and why our Empire-USA faces the same fate. The only question is whether the people and government of the USA have the wisdom and will to engage in a “Managed Decline” by terminating the empire and imperial conduct on their own schedule, rather than by chaotic crash of the US Dollar, economy, and lifestyle. Take notice of the “Solutions” section in Part C below. Read More Here

Video: Ron Paul – Gold is Money! The Dollar’s Value is Destined to Go Down

(Goldseek) – Ron Paul talks to Chris Waltzek on GoldSeek Radio. Topics of discussion include the Financial Reform Bill, competing currencies, the gold price, and 2012.

Video: Peter Schif – Jobs, stimulus, dollar, more baliouts

(SchiffReport) – August 7, 2010 –

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.

Economy

(FinanceMyMoney) – Controlling the wealth of America – top 1 percent control 83 percent of U.S. stocks. As a share of personal income mortgage debt ate up 19 percent in 1949. In 2003 it went up to 85 percent. 80 percent of Americans 65 years and older depend on Social Security for half of their income – Read More Here

(Bloomberg) – Romanian Recession Deepens on Cuts, BOA Merrill Says – Read More Here

(247WallSt) – American Credit Scores Crash To New Lows – Read More Here

REPOST – (CNNMoney) – Central banks start to abandon the U.S. dollar – Read More Here

(PaulWatson) – American Idolatry Intensifies as Nation Sinks in to Depression

Programmed zombies get hysterical about basketball while their future is being destroyed Read More Here

(ZeroHedge) – Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up

The big news out of Europe this morning, and the reason for the drag on the euro is an article in Der Spiegel, “Merkel’s rules for bankruptcy” according to which Germany is now actively (and very secretly) pushing for a plan outlining a set of insolvency rules, which would require that private investors bear a portion of the rescue burden, and much more importantly, would see at least a partial give up in state sovereignty, where a new insolvency trustee (the “Berlin Club”, which we fail to see at least for now, how it differs from the Paris Club) would take implicit control over and override a default nation’s treasury, in essence pushing the bankrupt country into a form of Feudal vassal state-cum-reparations subservience. Welcome to financial warfare in the post-globalization period. Read More Here

(InfoClearingHouse) – Fix the Economy? We Have Know-how – Mike Whitney

There are remedies for recession, and the remedies are well known. But fixing the economy requires special medicine, fiscal stimulus, and if the patient does not take the medicine, he will not improve. It’s not enough to have the medicine sitting on one’s nightstand. It must be ingested before recovery can begin. Read More Here

(KeeneSentinel) – More Poverty By Any Measure

More than 15 million Americans are unemployed, homelessness has increased by 50 percent in some cities, and 38 million people are receiving food stamps, more than at any time in the program’s almost 50-year history. Evidence of rising economic hardship is ample. There’s one commonly used standard for measuring it: the U.S. Census Bureau’s poverty rate. It guides much of federal and state spending aimed at helping those unable to make a decent living. Read More Here

(FirstPost) – The big crash – America plunges into Depression – Read More here

(Telegraph) – EU to spend £1bn on pensions for retired eurocrats in 2010

The European Union will this year spend almost £1 billion on pensions for officials, giving the average retired eurocrat an income of almost £60,000, according to research carried out by the Daily Telegraph. Read More Here

(MailOnline) – Blair African charity run by banker linked to US toxic loan fraud – Read More Here

(NYTimes) – Crisis Awaits World’s Banks as Trillions Come Due

The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered as much notice: the trillions of dollars in short-term borrowing that institutions around the world must repay or roll over in the next two years. Read More Here

(CounterPunch) – The Worst of Times, the Best of Times

It’s the worst of times. America is plunging back into Depression. Only one out of every two Americans of working age has a job. Forty years ago that would have been okay. Dad went to the factory. Mom stayed at home to mind the kids. These days, just to keep the show on the road, mom and pop both work and the kids get daycare. Read More Here

(Gaurdian) – Tighter banking rules will drain £1tn from financial system, study shows

Banks are drawing on research conducted by PricewaterhouseCoopers which shows two percentage points would be sliced off economic growth Read More Here

(Telegraph) – Secret gold swap has spooked the market

IT takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion Read More Here

(WashingtonPost) – Obama’s debt commission warns of fiscal ‘cancer’

The co-chairmen of President Obama’s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer “that will destroy the country from within” unless checked by tough action in Washington. Read More Here

(AFP) – More and more Americans preparing for social unrest – Read More Here

(RawStory) – Sen. Kyl: $678-billion tax break for rich should not be offset

Sen. Jon Kyl, Republican of Arizona, believes that any extension to unemployment benefits “ought to be paid for.” But when it comes to the $678-billion cost of extending the Bush-era tax cuts for the wealthy, the senator says no offsetting is necessary. Read More Here

(KurtNimmo) – Video: Dollar Devaluation and Destruction of America Pick Up Steam

Back in January Lindsey Williams’ insider sources told him the dollar will be devalued within a year. In response, oil and food prices will rise significantly and the elite and banksters will move assets into gold and silver.

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

(GoldScents) – STILL JUST A BABY BULL

It’s sad to say but I’m afraid 90/95% of all retail traders/investors are not going to successfully ride the gold bull. The reason of course is that they are deathly afraid of draw downs. It’s glaringly apparent every time gold pulls back or suffers the slightest correction. Immediately a slew of traders come on the blog and warn of impending doom. “Gold is going to $600” (think Elliot wave). Some are even brave (maybe I should say ‘foolish’) enough to short. Here is one we hear alot lately, “miners are going to get crushed if the stock market enters a new leg down in the secular bear market”.

Pure nonsense!

Let me show you what happened to gold and miners during the 2000-2003 bear market. Read More Here

(Alternet) – Why Banks Try to Make Borrowers Feel Like Sinners When They Can’t Pay off Their Mortgages

Crazy views about homeownership are helping the very bankers who screwed us in the first place. Read More Here

(TheComingDepression) – World economies on verge of currency revaluations to deal with debt

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford
Basically what the world central banks are doing is increasing their money by devaluing it (printing more than it’s worth) and giving it to banks so that they can lend it. Then, when things pick up, simply take the money back and destroy it. Read More Here

(Telegraph) – Euro ‘will be dead in five years’

The euro will have broken up before the end of this Parliamentary term, according to the bulk of economists taking part in a wide-ranging economic survey for The Sunday Telegraph. Read More Here

Economy

(Money&Markets) – China’s Currency Manipulation: About to Cause a Global Explosion? – Read More Here

(Guardian) – UK’s first ‘conservation credit’ scheme launched – Read More Here

(Fox) – Video: Freedom Watch – Who Owns the Gold in Ft. Knox?

Ludvig von Mises Institute Chair Lew Rockwell on auditing the Federal Reserve

(CNBC) – Video: Steve Wynn Takes On Washington

Steve Wynn, a casino resort/real-estate developer who has been credited with spearheading the dramatic resurgence and expansion of the Las Vegas Strip, talks about the Fall of America. Video Link Here

(GlobalResearch) – The European and U.S. Economies: Falling Dominoes – Shamus Cooke

Attempting to fix an unfixable problem can create new problems. Why is the global economy unfixable in the current context? For one, the cause of the depression is never mentioned in the mainstream media or politicians. And when a disease is misdiagnosed, a prescribed medication creates new afflictions.

Massive, bad debt is often cited as the cause of the global depression, but whythis debt existed in the first place is never discussed. Quite simply, the debt was needed to buy the products of corporations that wages once consumed. Over time, corporations drove down wages to out-compete each other while driving up profits, creating the global “demand” for credit, which the banks are now demanding be paid back. Read More Here

(BitsOfNews) – Pol/Econ: Deregulation and the Triumph of Wall Street

One year removed from a catastrophic, global, economic meltdown, and 26 months removed from the start of the credit crisis, our political establishment is either unwilling or unable to reform the system and punish the perpetrators of this debacle. The situation is so far beyond the pale that it makes one wonder if another catastrophe is even avoidable. Read More Here

(ZeroHedge) – Europe: A Continent Of Lies And Broken Promises; How The EU Elite Got It Wrong On The Euro – Tyler Durden

Openeurope.org.uk has put together a paper of the most blatant half-truths, propaganda, and outright lies, abused by Europe not only over the past month, but also over the past 10 years, for the entire duration of the now rapidly collapsing eurozone experiment. Read More Here

(Bloomberg) – Dow Ends Worst May Since 1940 On Spain Debt Downgrade, Korea Tensions

U.S. stocks slid, capping the worst May for the Dow Jones Industrial Average since 1940, while the euro slumped and Treasuries rose as a downgrade of Spain’s debt rating and escalating tensions on the Korean peninsula triggered a flight from riskier assets. Read More Here

(Rasmussen) – 80% Favor Auditing the Federal Reserve

Eighty percent (80%) of Americans now agree with Congress that auditing the Federal Reserve Board is a good idea, according to a new Rasmussen Reports national telephone survey.

Just nine percent (9%) oppose an audit of the Fed, and 12% more are not sure. Read More Here

(CSPAN) – Video: Moonbat Bachmann complains about $2 billion for raises for Americans – says we can’t afford it

Wait a minute – don’t we pay FAR more every year to a foreign terrorist country that has attacked us?

She doesn’t hesitate repeating the neocon lie about government workers making more than those in the private sector. She does not compare those with the SAME position as she claims – she uses “averages.” Well, government does not hire burger flippers. It is the new attack on the Middle Class – government workers are that, by and large. Video Link Here

(Examiner) – Ellen Brown: US economic reform creates full-employment, renewed infrastructure, zero national debt

Attorney and author of the brilliant Web of Debt, Ellen Brown, is among the leading US advocates of monetary reform and state-owned banks. Among Ellen’s articles is one worth highlighting for how quickly a national economy can turn from ruin to astounding productivity: Nazi Germany’s direct creation of money to pay for public goods and services. Read More Here

(PostGazetta) – Port Authority warned of layoffs, route cuts without more state aid – Read More Here

(RedactedNews) – Insider Trading Is Perfectly Legal – But Only For Members Of The U.S. Congress – Read More Here

REPOST – (CNBC) – Dollar Primed for Collapse by End June: Charts

The dollar’s recent strength has been explained by most market analysts as a result of the euro weakness rather than any fundamental support for the greenback. In fact, a closer look at the dollar’s chart – particularly the dollar index – suggests the currency may be primed for a collapse. Read More Here

(Money&Markets) – Credit Crisis Indicators Going Bonkers Again! Batten Down the Hatches!

Heads up people. Something very big is happening in the global credit markets — something you darn well better pay attention to. Read More Here

(EconomicPolicyJournal) – It’s the Bailout of the Banksters Before Greece Is Taken Down

WSJ has a remarkably to the point story explainning why Greece will end up restructuring, but that there will be a delay until the banksters are protected: Read More Here

(Boston) – Romania to cut wages despite strike threat

Romania will go ahead with sweeping wage, pension and benefits cuts despite unions’ threats to stage a general strike, Prime Minister Emil Boc said Wednesday. Read More Here

(DSNews) – Federal Reserve’s MBS Purchases Could Lead to Record Earnings of $70B – Read More Here

(TheEconomicCollapse) – The Depression Of 2011? 23 Economic Warning Signs From Financial Authorities All Over The Globe

Could the world economy be headed for a depression in 2011?  As inconceivable as that may seem to a lot of people, the truth is that top economists and governmental authorities all over the globe say that the economic warning signs are there and that we need to start paying attention to them.  The two primary ingredients for a depression are debt and fear, and the reality is that we have both of them in abundance in the financial world today.  In response to the global financial meltdown of 2007 and 2008, governments around the world spent unprecedented amounts of money and got into a ton of debt.

Film: Meltup – From The National Inflation Association

(InflationUS) – NIA believes Meltup is the most important economic documentary ever produced in world history. The Second American Revolution has begun! Please share this documentary with all of your friends and family members immediately!

See Also:

The Dollar Bubble

Our new must see documentary on the collapse of the U.S. dollar! Become educated so that you can survive and prosper while many Americans enter poverty! ***The best spent 30 minutes of your life!

Economy Part 2

(C-Span) – Video: Ron Paul I Am Very Concerned About What’s Going To Happen!

(Reuters) – U.S. Senate rejects broader Fed audit amendment: May 11

The U.S. Senate rejected an amendment on Tuesday that would have exposed the Federal Reserve to broader scrutiny by Congress, which critics said would extend to monetary policy decisions. Read More Here

(DailyCrux) – Porter Stansberry: The U.S. dollar is about to implode – Read More Here

(DailyMail) – Unions warn of Greek-style riots in Britain against public sector cuts after court victory over capping of redundancies

Militant unions today sent a chilling warning of Greek-style strikes and protests after winning a major legal victory for civil servants made redundant.

The warning raises fears of months of chaos triggered by a furious public sector who refuse to accept painful changes to tackle Britain’s financial crisis. Read More Here

(Reuters) – FOREX-Euro falls as market doubts rescue package

The euro fell on Tuesday as the relief rally unleashed by an emergency aid package to prevent the spread of a euro zone debt crisis dissipated and the focus switched back to structural problems plaguing the bloc. Read More Here

(WashingtonsBlog) – The Second Leg of the Great Depression Was Caused by European Defaults

Many Americans know that the Great Depression was started by the bursting of the giant Wall Street bubble of the 1920’s (fueled by the use of bank deposits on speculative gambling, which is why Glass-Steagall was passed) , which in turn caused a run on American banks. Read More Here

Video: Gerald Celente on The Tommy Schnurmacher Show

Video: Dylan Ratigan – Funding the Trillion Dollar European Rescue

(MSNBC) – May 10, 2010

Video: Food Crisis 2010 and US Dollar Impact

(SicSemperTyrannis) – There has been lots of talk about a coming food crisis due to the massive looting of the nations under the cover of an “economic crisis”. Recently, a report published by The Trumpet has shown food prices spinning out of control.

In the article it shows some of the most startling year-over-year price increases in the U.S. markets:

Economy

(CSpan) – Video: Ron Paul On Foregoing Congressional Pay Raise

Congressman Paul speaks on the House floor in support of a bill that stops the automatic payraise for Members of Congress. View Video Here

(SteveWatson) – Goldman “Sideshow” Hyped To Push Through Obama Banking Reform

Financial experts are in agreement that the Goldman Sachs fraud revelations are being artificially hyped in Washington in order to force through president Obama’s financial regulatory reform measures, proposals that will not punish bigger banks like Goldman and will not protect the American people from the banking cartels at the centre of the economic meltdown. Read More Here

(Bloomberg) – Pennsylvania Capital Told to Consider Bankruptcy Protection

Harrisburg, Pennsylvania, which has missed $6 million in debt payments since Jan. 1, should consider Chapter 9 bankruptcy protection, City Controller Dan Miller told a three-hour special committee hearing today. Read More Here

(BusinessInsider) – Why Today’s Gold Spike Is Important And Could Mark The Start Of Something Big

Gold has been rallying for awhile — nearing all time highs in the dollar, even while breaking all-time highs in the euro — but the metal’s action hasn’t been all that noteworthy. Read More Here

(MSNBC) – Goldman to Congress: We didn’t mislead clients

Top Goldman Sachs officials defended their conduct in the financial crisis on Tuesday, flatly disputing the government’s fraud allegations against the giant financial house. “I did not mislead” investors, insisted a trading executive at the heart of the government’s case. Video Link Here

(SteveWatson) – Goldman “Sideshow” Hyped To Push Through Obama Banking Reform

Financial experts are in agreement that the Goldman Sachs fraud revelations are being artificially hyped in Washington in order to force through president Obama’s financial regulatory reform measures, proposals that will not punish bigger banks like Goldman and will not protect the American people from the banking cartels at the centre of the economic meltdown. Read More Here

(NewsWeek) – Video: Levin to Goldman Sachs – ‘You Knew It Was a S–tty Deal!’

After two years of hemming and hawing in Washington about the real culprits on Wall Street, Sen. Carl Levin’s Permanent Subcommittee on Investigations finally got to the heart of the matter this morning. Drawing on a voluminous collection of internal Goldman e-mails and other exhibits, Levin and the ranking acting co-chair, Sen. Susan Collins of Maine, tore into an array of current and former Goldman mortgage traders, including the recently indicted Fabrice “Fabulous Fab” Tourre, over the one fundamental question hanging over the whole financial catastrophe. Was Goldman honest with its clients about what was happening in the markets?

Economy

(OnlineJournal) – The Big Six banks are shorting the American Dream

The Big Six investment banks, Goldman Sachs, Morgan Stanley, JP Morgan Chase, Citigroup, Bank of America and Wells Fargo, are “shorting the American Dream,” according to economist Simon Johnson and entrepreneur James Kwak in an interview on April 16, “Financial Regulation and Regulatory Capture” on Bill Moyers Journal. Here’s a summary of the big and important ideas and issues on the table. Read More Here

(GlobalResearch) – Break up the Banks and Combat Financial Crime – Danny Schechter – Read More Here

(InfoClearingHouse) – What Really Triggered the Financial Crisis? – The Shadow Banking System Blew Up – Mike Whitney Read More Here

(ZeroHedge) – Will Goldman Sachs Prove Greed is God?

The investment bank’s cult of self-interest is on trial against the whole idea of civilization – the collective decision by all of us not to screw each other over even if we can Read More Here

(FinancialSense) – Reports of Our Recovery Are Greatly Exaggerated – Peter Schiff

From all outward appearances, it seems that a grim chapter in U.S. economic history has come to an end. Newsweek magazine declares that “America is Back,” government statistics indicate revival, and our stock market has put in a rally for the record books (by rate of ascent, not highs – we are still more than 25% below the 2007 peak). Read More Here

(SilverBearCafe) – The Middle Class Game Is Up: We’re Heading to a Slave Labor Planet Read More Here

(FinancialTimes) – US prepares to push for global capital rules

The US is preparing to pivot from domestic regulatory reform to a push for a tough new international capital regime after the weekend’s G20 and International Monetary Fund meetings glossed over differences between leading economies. Read More Here

(USAWatchdog) – Housing Sales and Inflation Surge

The big news in the economy last week was new home sales jumped 27% in March. It was the best monthly increase percentage wise since John F. Kennedy was in office. What the mainstream media did not tell you was new housing starts jumped up from a very low level– like the lowest level in history! This chart from shadowstats.com illustrates the point: Read More Here

(TimesOnline) – Greek meltdown in danger of spreading

Germany, France and the International Monetary Fund (IMF) must act quickly to bail out Greece to prevent a slide in confidence in financial markets, Alistair Darling said yesterday. Read More Here

(CNNNews) – Obama Sends Mixed Message on VAT as Fiscal Commission Prepares First Meeting Read More Here

(WashingtonsBlog) – Unemployment for Those Who Earn $150,000 or More is Only 3%, While Unemployment for the Poor is 31%

Boeing CEO Jim McNerney succinctly summarized a recent study by Northeastern University’s Center for Labor Market Studies regarding unemployment rates for different income brackets: Read More Here

(PaulWatson) – Video: Obama Debt Czar Says Tax Hikes “On The Table”

The Democratic co-chairman of President Obama’s debt commission, Erskine Bowles, told Fox News Sunday that tax hikes for Americans are “on the table,” despite Obama’s election campaign promise that no individual earning under $200,000 dollars a year would be hit with any tax increases. Read More Here

Video: Gold, Cash, Currency, and Inflation Trends

Pastor Timothy Neptune (First Baptist Church of Marco Island) discusses the realities of our current economic crisis with Steve Meyers of Grainbelt Commodities. For more information, including the complete viewing of each study, visit us at http://www.fbcmarco.com

Video: Gerald Celente on ObamaCare & Dollar Collapse

Video: Peter Schiff on ObamaCare

Video: Geithner In Beijing – The Dangers of Exporting The Depression

(RussiaToday) – Treasury Secretary Geithner is on his way to Beijing, where he will meet with Chinese Vice Prime Minister Wang. The trip is in relation to US demands for a massive up valuation of the Chinese currency, the renminbi or yuan. This announcement has unleashed much gloating at the Associated Press and other pro-Wall Street news outlets, so it is important to issue a caveat at the very beginning: trips do not equal agreements. Obama made a personal visit to Afghanistan last month, and bilateral US relations with that country have been deteriorating in an alarming way ever since.

Video: Andrew Maguire finally exposes systemic fraud by CFTC & JPMorgan

I don’t ask for my videos to be forwarded and spread often, but this is one that really needs to get out there. This is the only video with all the currently known information that I know of. Thanks for rating, commenting, favouriting, and sharing this extremely important info!

The Silent Entitlements Monster: Social Security, Medicare And Interest On The Debt Will Gobble Up Every Single Tax Dollar By 2020

(EconomicCollapseBlog) – There is a silent monster that looms menacingly over U.S. government finances. Every politician knows about it, but very few of them ever want to talk about it. This silent monster grows larger every year, and yet nobody seems to know quite what to do about it. Those who have closely analyzed this monster all seem to agree that one day it will create a financial tsunami of a magnitude that is absolutely unprecedented, but there is vast disagreement about how to escape this financial tsunami or if it is even possible to escape it. Read More Here

Economy

(HousingDoom) – Housing Is Too Big To Fix, Not Too Big To Fail

The government, believing that a correction in house prices would be catastrophic, has tried to put a floor under the housing market. It’s not working: Read More Here

(DalasNews) – Dallas-Fort Worth commercial foreclosure filings top $1 billion

Commercial property foreclosure filings in the Dallas-Fort Worth area top $1 billion for the upcoming April sales. Read More Here

(Money&Markets) – Bernanke Running Amuck

Fed Chairman Bernanke is running amuck, and for the first time since the birth of the U.S. dollar, our government is egregiously abusing its power to print money. Read More Here

(Telegraph) – Has Germany just killed the dream of a European superstate?

So after weeks of Euro-bluff it looks ever more like an IMF rescue for Greece after all, and hence for any other eurozone nation driven to ruin by the wrong monetary policy. Read More Here

German Central Bank Admits that Credit is Created Out of Thin Air

(WashingtonsBlog) – Most people think that banks lend solely from their base of deposits. Some also know that with fractional reserve banking, they can loan out many times more than they actually have in reserves.

$650 Million Payout Proves Government Conspired To Lie About 9/11

(PaulWatson) – The $650 million dollar payout in the 9/11 toxic dust settlement serves as a stark reminder amidst an attempted establishment purge of any questions surrounding what happened on September 11, that the government did indeed conspire to lie about 9/11 in the immediate aftermath of the attack.

Economy

(WSJ) – Economists Say Fed Saved the U.S. Economy

The $787 billion stimulus package was a good for the economy, but the Federal Reserve played the biggest role in rescuing the U.S. economy from the financial crisis, according to the majority of economists in the latest Wall Street Journal forecasting survey. Read More Here

(InternationalForecaster) – Pondering Our Collapse While We Watch Others Fall – Bob Chapman

Every important factor we see is working against the dollar and we believe that trend is irreversible. That means the present dollar rally probably cannot endure and it could well be the time to short the USDX. Read More Here

(AFP) – Police battle demonstrators in strike-hit Greece

Greek police battled demonstrators on Thursday as the country ground to a halt in the latest protest strike against government austerity measures aiming to end a crippling debt crisis. Read More Here

(EUObserver) – EU wants answers on Wall Street role in Greek debt

The European Commission has said it is seeking answers following allegations that Wall Street investment banks helped Greece hide the extent of its debt. Read More Here

(Reuters) – Strike Paralyzes Greece; Protests Turn Violent

Greek public and private sector workers went on strike on Thursday, grounding flights, shutting schools and halting public transport in the second nationwide walkout in two weeks in protest against austerity plans. Read More Here

(CrainsNY) – Gov: Budget failure could cause NY depression

Gov. David Paterson attempts a town hall meeting about the state’s budget issues in Brooklyn amid rumors on his political future. Some humor emerges amid the defiance. Read More Here

(WSJ) – School Crisis Rattles Missouri

The Kansas City Missouri School Board voted Wednesday night to shutter nearly half of its schools in an effort to avoid going broke. Read More Here

(MSNBC) – Fannie, Freddie’s $125 billion tab still growing

Sixteen months after being seized, the firms remain wards of the state Read More Here

(NYTimes) – 972 Foreclosure Filings in Hawaii in February – Read More Here

(AP) – City Closes Public Schools, Stops Bankruptcy

The school board narrowly approved the plan Wednesday night to close 29 of the district’s 61 schools to try to stave off bankruptcy. The closures have angered many parents, students and teachers, but administrators say they had no choice. View Video Here

(ZeroHedge) – It’s Going To Implode: Buy Physical Gold – NOW

Evidence seems to be mounting that we are headed towards some sort of implosion in the paper Gold market, and perhaps the currency/bond markets in general. Let’s take a look: Read More Here

Video: Peter Schiff on Fast Money – “We don’t have 10 years”

(CNBC) – March 4, 2010 –

Video: Webster Tarpley – Bankers in Slump Plot Against Euro to Save Dollar

(RussiaToday) – The Greek government has announced new austerity measures aimed at slashing its huge budget deficit. It comes a day after the Prime Minister said that the country was fighting for survival. The new measures — which will reduce annual pay and increase taxes — were ordered by the EU in an bid to prevent a collapse of the Euro. But street protests have been raging in Athens against the plans. Meanwhile, the U.S. Justice Department is reported to have launched a probe into leading American hedge funds. They’re suspected of helping Greece cover up its debts to weaken the European currency. Journalist Webster Tarpley believes that was a plot hatched to prop up the dollar’s supremacy.

Video: On the Edge with Max Keiser – Ellen Brown

Economy

(ABC) – Head of IMF Proposes New Reserve Currency

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. Read More Here

(BusinessInsider) – Blockbuster Collapses: Shutting Down 500 Stores In Desperate Bid To Save $200 Million

Blockbuster is losing big when it comes to at-home videos, so they are cutting back on expenses and on advertising in the U.S. to make up for it. Read More Here

(Sympatico) – BBC web budget cut by half: report

The BBC has refused to comment on recent reports that it will close two radio stations and scale back its web presence in order to save about $965 million Cdn. Read More Here

(FloridaToday) – 23,000 now expected to lose jobs after shuttle retirement

The local economic forecast tied to President Barack Obama’s proposed NASA budget keeps growing bleaker. Read More Here

The U.S. Personal Income Tax: It Goes to The Family Rothschild

The more people like me speak out about this, the more will scratch their heads and go, “No way!” or “You’re an idiot, Garner!” or, worst of all, “You’re not an American!” Read More Here

(AFP) – Greek PM warns on bankruptcy as crunch looms

Greece risks bankruptcy unless strict austerity measures are enacted fast to cut its deficit, Prime Minister George Papandreou warned on Friday, while reports said the EU wants even more belt-tightening. Read More Here

(CNN) – Jobless benefits start ending on Sunday

Depending on extended unemployment benefits to see you through the Great Recession? Read More Here

The Future of the Dollar

(FutureofDollar) – The World is concerned that the dollar cannot play the role of the main reserve currency any longer after the financial crisis sparked by the collapse of the U.S. mortgage market led to the worst global recession since the 1930s. The Government’s stimulus packages, financial bailouts, the need to support liquidity in Treasuries, keeping interest rates at the lowest level under the circumstances of low economic growth, high unemployment and low tax collection make it print more dollars. This leads to a high risk of substantial inflation, or hyperinflation in a long-run.

Video: Marc Faber – “Total Collapse Will Come” – Economic Armageddon – Dollar Crash

Marc Faber predicts with certainty that the United States will go through high inflation and a lower standard of living. Expect wars and currency re-evaluation.

World Currencies to be Replaced with Carbon Currency

(AbelDanger) – Have you stopped to consider why the idea of man-made global warming is being forced on individuals, businesses and nations and why those in the know are positioning themselves to take advantage of a carbon trading system, a system—by the way—created with funds provided to Richard Sandor by the Joyce Foundation when the current President Obama was a director on its board in 2000?

Video: Gerald Celente on ‘Grim’ Economic Report

“This is the beginning of a financial war” – Celente
(RussiaToday) – The annual Economic Report of the President was released yesterday and it’s pretty gloomy – predicting slow employment growth this year and next. It basically says that the US economy will add an average of 95,000 jobs a month this year, but that’s not enough to make much of a dent in unemployment. The unemployment rate is projected to come down quite slowly after that, averaging 8.2 percent in 2012, when Obama will be up for reelection.

Global Economic Crisis: Look To Asia for The Financial Tsunami Wave, Not Europe

(FutureFastForward) – This will be one of my shortest articles as it is written as a RED ALERT.

When I send out Red Alerts, it is a dire warning and a call for immediate action to protect your wealth (if there is any remaining).

Video: Ron Paul “I Wouldn’t Be Surprised If The FED Is Involved In The Greece Bailout”

(Fox) – February 09, 2010

Banking and Housing Payments Devoured the Middle Class Income – 1 out of 10 Americans on Food Stamps and how the Fed Slowly Devalued the Dollars in your Wallet

It is a challenge to say that things are getting better when every month that goes by more Americans are losing their jobs or needing to apply for food assistance.  In the latest data for food assistance through SNAP we find that 200,000 more Americans were added to the program.  That now brings the total number of Americans on food assistance to 38,183,000.  1 out of 10 Americans are receiving food assistance.  For 2009 this cost the government $50 billion, up from $34 billion in 2008 and $30 billion in 2007.  It should be no surprise then that average Americans are questioning the viability of a middle class in the upcoming decade.

But even when we look at the balance sheet of the government, things are still not improving: Read More Here

Video: Gerald Celente On The Coming War And Financial Collapse

(RussiaToday) – February 5, 2010 –

Economy

(CanadianBus) – Hawaii bankruptcies up 33 percent in January over January 2009

Federal figures show there were 276 bankruptcy filings in Hawaii in January. Read More Here

(DSNews) – Residential Mortgage Delinquency Rate Surpasses 10%: LPS

Home loan delinquency rates in the United States have now surpassed 10 percent, Lender Processing Services (LPS) reported this week. Read More Here

(CBOnline) – Fitch: Delinquencies for commercial mortgage backed securities rise in January

Delinquencies for commercial mortgage-backed securities rose in January, fueled by increases in five main property types for the fifth straight month, Fitch Ratings said Friday. Read More Here

Video: Financial Collapse 2010 – Repetition of the 29 Depression – Video Link Here

(HeraldSun) – World bankers meet in Sydney as recovery fears intensify

THE world’s top central bankers began arriving in Australia for high-level talks as renewed fears about the strength of the global economic recovery gripped world share markets. Read More Here

Video: Peter Schiff Video Blog – Sovereign debt crisis, Greece defaulting

(February 2, 2010) – View Video Here

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are  demanding a solution. What they don’t realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.

Polar Bear Propaganda and Hidden Agendas

My son, a second grader, recently brought up a conversation at the dinner table about polar bears. He says that he learned in school that the polar bears are in danger of going extinct. Later that evening, our cousin, a teacher at a local government school joined us, and I brought up the polar bear discussion to get her take on it and to vent some of my frustrations with public education.

MSM: U.K.’s Royal Mint Doubles Production of Gold Coins (Update2)

(Bloomberg) — The U.K.’s Royal Mint, established in the 13th century, more than doubled gold-coin production last year as investors sought to diversify their assets and hedge against a weaker dollar and accelerating inflation.