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 1 – Part 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.