(KurtNimmo) – Glenn Beck, the Fox News talking heads, and no shortage of Tea Party activists like to characterize Barry Obama as a Marxist. In an article gaining a lot of traction across the blogosphere, Wayne Allyn Root, who considers himself a Libertarian Republican, says Obama is purposely overwhelming the U.S. economy to create systemic failure in order to turn the U.S. into a socialist/Marxist state. Continue reading
(SteveWatson) – Gold Prices Heading For Record Highs
Gold futures surged toward record highs Thursday as the stock market and the U.S. economy continued to flounder, leaving investors seeking a safe haven in hard assets. Read More Here
(BusinessInsider) – CHART OF THE DAY: Food Prices Are About To Explode – Read More Here
(Leap2020) – Global systemic crisis / Second half of 2010: The global system’s four single points of failure
Each day the news confirm the extent to which the global systemic crisis has now entered into the phase of global geopolitical dislocation, even if the media only timidly begin to interpret the historic upheavals which unfold before our own eyes. For LEAP/E2020, the second half of 2010 will thus correspond to a new step in the global geopolitical dislocation, characterized by an acceleration in the process of strategic, financial, economic and social convulsions centered on four single points of failure Read More Here
(MSNBC) – Home builders won’t lift the economy this time
Homebuilders are sending a message: They won’t be able to contribute much to the economic recovery now that government home-buying incentives have vanished. Read More Here
(InterForecaster) – Federal Reserve Purchases U.S. Sovereign Debt – Bob Chapman
We believe an inflationary depression began in February of 2009, and little has changed. Since then factory output has increased, as have inventories and other outward signs, such as retail sales. We believe that one-year spurt is ending, unless a new stimulus program is put in place. Read More Here
(ZeroHedge) – 100 Italian Economists Say Austerity Will Destroy Europe
The Telegraph’s Ambrose Evans-Pritchard points to a letter signed by 100 Italian economists (technically Keynesianites, but in the great Ponzi, the two have become synonymous) in which they note that “the austerity strategy imposed by Brussels/Frankfurt risks tipping Europe into a self-feeding downward spiral. Read More Here
(TheStreet) – Gold Prices Reach for $1,254
Gold prices were gunning to break their record high Thursday as an uncertain stock market fueled demand for gold as a safe haven asset. Read More Here
(CNNMoney) – Out-of-work job applicants told unemployed need not apply
The last thing someone who is unemployed needs to be told is that they shouldn’t even apply for the limited number of job openings that are available. But some companies and recruiters are doing just that. Read More Here
(Reuters) – More Than 90 Banks Miss TARP Payments – Read More Here
(June 16) – Video: Alex Newman Reveals Fed Manipulations & ‘Bernanke’s Trillions’ on Alex Jones Tv
New American journalist Alex Newman talks with Alex about his latest article, Fed Manipulations in the Crosshairs. “It turns out that under the guise of “stabilizing” the economy, the Federal Reserve banking cartel had set in motion a series of actions that would eventually transfer trillions to the bankers at taxpayers’ expense, all while decimating the investments of countless average Americans,” writes Newman. Alex also covers the news and takes your calls. Continue reading
(OfGoats&Men) – Yippie. Your corporations love you. Monsanto loves you. They want you to grow hair in your mouth and your children not be able to reproduce.
Research Links Genetically Modified Food To Long Term Sterility from PSKF
A new study done by Russian scientists suggests that Genetically Modified Food may cause long term sterility, that is, sterility in second and third generations… Read More Here
(SkyNews) – Bid To Storm Irish Parliament Foiled
Protesters have clashed with police as they tried to break through the gates of the Irish parliament during a march against bank bailouts. Read More Here
(AmericanThinker) – The Failure of the Unfree Market
What we have here is the failure of the unfree market. That means the failure of Greece. And the other PIGS (Portugal, Italy, Greece, Spain). And Europe. And it means the U.S., too. It even includes the Great Recession. The modern welfare state is collapsing around us. Read More Here
(SteveWatson) – New UK Government To Be Infested With Bankers
One in ten new MPs has background in international banking Read More Here
(SteveWatson) – UK Economy May Be Allowed To Crash And Burn Like US Banking Giant
Analysts, Economists: Britain May Become Lehman To Greece’s Bear Stearns Read More Here
(Reuters) – Food-stamp tally nears 40 million, sets record – Read More Here
(FoxNews) – World Health Organization Moving Ahead on Billions in Internet and Other Taxes
The World Health Organization is moving full speed ahead with a controversial plan to impose billions of dollars in global consumer taxes on such things as Internet activity and everyday financial transactions like paying bills online — while its spending soars and its own financial house is in disarray. Read More Here
(GlobalResearch) – “Drop Dead Economics”: The Financial Crisis in Greece and the European Union – Michael Hudson
Riddle: How are the Greek rioters like America’s Tea Party movement?
Answer: Both reject government being taken over by the financial oligarchy to shift the tax burden onto labor. Read More Here
(USNews) – U.S. Cancer Costs Double in Two Decades
Study also finds that private insurance pays greater share today Read More Here
(PaulWatson) – Tea Party Clueless About U.S. Tax Dollars Funding Bailout Heist
Silence from anti-tax movement on bailouts is deafening – and dangerous Read More Here
(WashingtonsBlog) – The European Bailout: Not a Very Promising Start
Many people have written insightful criticisms of the European bailout. For example, Tyler Durden, Joe Weisenthal and Gregory White point out that the French banks are the real winners of the bailout (but don’t forget JP Morgan).
Ron Paul points out that the Fed opening its swap lines to Europe violated its promise to Congress not to do so. Paul also says the bailout will help lead to the destruction of all fiat paper currencies, ensuring that “gold will rule the roost”. Read More Here
(House.gov) – The Fed Is Using Its Cronies And Lobbyists To Stop Us From Auditing It – Ron Paul
It doesn’t come as too much of a surprise that the measure to audit the Federal Reserve is coming under continuous fire from the central bank and its cronies. For the first time since the Federal Reserve was created nearly a century ago, they have hired an actual lobbyist to pound the pavement on Capitol Hill. This is a desperate effort to hang on to the privilege of secrecy and lack of accountability they have enjoyed for so long. Last week showed they are getting their money’s worth in the Senate. Read More Here
(WSJ) – Did a Big Bet Help Trigger ‘Black Swan’ Stock Swoon?
Shortly after 2:15 p.m. Eastern time last Thursday, hedge fund Universa Investments LP placed a big bet in the Chicago options trading pits that stocks would continue their sharp declines.
On any other day, this $7.5 million trade for 50,000 options contracts might have briefly hurt stock prices, though not caused much of a ripple. But coming on a day when all varieties of financial markets were deeply unsettled, the trade may have played a key role in the stock-market collapse just 20 minutes later. Read More Here
(Reuters) – Gold rises above $1,220 on euro zone debt fears
Gold hit five-month highs on Tuesday, rising to within $5 of its December record peak as risk aversion returned on doubts over smaller euro zone countries’ ability to cut their deficits despite a $1 trillion aid package. Read More Here
(BusinessInsider) – Gold Is On Fire, As Market Sneers At Euro Bailout
Along with the overall market malaise, the other big warning sign right now is the gold surge. The metal is now nearly $1220/oz. As Stacy Herbert puts it: The gold vigilantes are in a shootout with the ECB and the Fed. Read More Here
(GoldTrends) – Brother Can You Spare a Trillion?
In a nutshell they will buy bonds and will intervene in markets and “do what they have to” in order to avoid a meltdown. This is akin to the USA bailout of 1 Trillion dollars. This will only buy time, but it is all that can be done right now. For the moment the term being touted this Monday morning is “putting a floor on risk assets”. This time they mean stocks and bonds and not commodities. Read More Here
(Goldseek) – Where’s my Government Check
Reading the financial press, I recently noticed that of the 139 million workers in the Bureau of Labor Statistics household survey of workers, 47 percent don’t make enough to file and pay federal taxes beyond any collected social security tax. This means that out of a population of 310 million Americans, only 74 million (about 24 percent) pay federal taxes on April 15th. Read More Here
(ZeroHedge) – European Banks Now Feverishly Betting Against Euro, As Bailout Fails, Gold Surges – Tyler Durden
Thought experiment: You are the head FX trader at French megabank Croc Monsieur & Cie. (HFT: CMC) For the past 5 years, your bonus has been getting paid primarily in company stock. In the last two weeks you have seen the stock of your firm plunge as the markets have finally realized that those idiots in the Fixed Income desk have loaded up to the gills with PIIGS debt which is now worth 60 cents on the dollar at best. And to top things off, the euro has plunged to multi year lows killing any chance of buying that New York Pied A Terre which seemed so cheap when the EURUSD was 1.50 a few months ago. So what do you do? Well, you short the living daylights out of the EUR, knowing full well that the EU, the IMF and the ECB will not let Europe crash. You sell, you sell on margin and then you sell some more, trying to get EURUSD all they way down to 1.20, to 1.10, even to parity if possible, to make it all that more believable that the end of Europe is coming. Read More Here
If Marijuana Production Were Legal: Projected Tax Revenues, by State
Love it or hate it, people smoke marijuana – lots of it. In some states marijuana consumption and possession have been decriminalized, and even legalized for medicinal purposes. But, have you ever wondered how large the economics of Marijuana were? Us too. As a result ,have decided to put together this graphic, which illustrates the popularity of marijuana consumption, the federal tax dollars spent to keep marijuana illegal, and the possible tax revenues that could be generated if marijuana production were legalized and taxed like any other agricultural product. Read More Here
(RussiaToday) – Video: Alex Jones on Greece: It’s Robbery, Not Bailout!
Greece has kick-started talks on implementing its new economic austerity measures despite warnings of new union rallies. The plans will see pensions slashed and the retirement age increased. The measures were a pre-requisite for an international loan to pluck the country from the brink of bankruptcy. But investigative journalist Alex Jones says the bailout is a crime and will only hit tax payers even harder in the pocket.
(Infowars) – Video: Webster Tarpley Predicts End of The EURO on Alex Jones Tv
Part 1 of 2
(PressTV) – Alex and Max discuss bankster scams, including the wholesale looting of pension funds and the engineered failure of national economies. Continue reading
(NaturalNews) – Even as America has just been handed a “reformed” health care monopoly, most Americans by now realize that the drugs-and-surgery approach to health care is a failure. Keeping people sick and diseased so that you can pump more profits into the pharmaceutical corporations just doesn’t work to keep any state (or nation) healthy; and in the long run, any state or nation that traps its people in a failed system of pharma-sponsored sick-care is doomed to financial failure. Continue reading
(PaulWatson) – Glenn Beck has failed to respond to a firestorm of reaction to his comments made during a February 21st interview with USA Weekend magazine in which he completely reversed his position on climate change by revealing that he believed in man-made global warming. Continue reading
(PressTV) – Amid failure of the US long-range ballistic missile test over the Pacific Ocean, the Pentagon warns Iran continue to pursue long-range ballistic missiles. Continue reading
(CNBC) – January 22, 2010 Continue reading
January 15, 2010 Continue reading
Promising change after eight George Bush and Republican dominated years, Barack Obama won the most sweeping non-incumbent victory in over 50 years along with congressional Democrats gaining large House and Senate majorities. In addition, at 56.8%, voter turnout was the highest since Richard Nixon’s “secret plan” to end the Vietnam war and his “Southern” and “law and order” strategies beat Hubert Humphrey and independent George Wallace in 1968. Continue reading
Translated from Russian, first published in English by Infowars Ireland
Based on autopsies, we have come to the conclusion: it’s not pneumonia, but cardiopulmonary insufficiency and cardiogenic shock… The virus enters directly into the lungs, there is bleeding… Antibiotics should not be used… Continue reading
(CNN) – Banks in California, Georgia, Michigan, Minnesota and Missouri were shuttered, costing the FDIC a total of $1.5 billion. Continue reading
Last week the Obama administration issued a report purporting to show that the President’s $787 billion economic stimulus plan had saved or created exactly 640,329 jobs. Such a precise number for such a fuzzy concept as jobs “saved or created” immediately raised doubts about the veracity of the report in any honest American’s mind. Continue reading
(Reuters) – U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation’s banking industry are being crippled by bad loans. Continue reading
The seven new bank failures on Friday, October 23, 2009 brings the total for the year up to 106 – the most bank failures since the savings and loan crisis in 1992. 106 is still small compared to the 416 unnamed banks on the FDIC’s watch list. Which way is the trend going? Where are the bank failures taking place? See below. Continue reading
The Federal Reserve System is a failure. In the last round of bailouts, all they could do was inflate the money supply to unprecedented levels, in order to stave off a financial tsunami. The problem is that the financial tsunami was created by inflating the money supply in the first place. That’s like putting out a fire by throwing gasoline on it. Continue reading
Holly Note: In recent days, numerous stories detail crop and livestock damage. Drought, floods, hail and freezes have bitten our foods, but whatever the cause, the result is the same — destroyed or damaged food supplies. These ultimately lead to higher store prices, shortages and in more extreme circumstances, rationing. Continue reading
“Build it and they will come” is the phrase behind most of our dreams, but we have failed to fall in love with life so we built our fantasies on the ever-shifting sands of inauthentic lives. We should not be surprised then, that everything is crumbling now, or that there are almost no answers anywhere because we put our faith in all the wrong places, and especially in the wrong people. Continue reading
Congressman speaks on martial law, auditing the Fed and running for president in 2012 Continue reading
In “Julius Caesar” Shakespeare’s Brutus counsels “There is a tide in the affairs of men, which, taken on the flood, leads on to fortune.” Shakespeare was describing how powerful men seeking yet more power, blinded by hubris, collectively brought about the destruction of the very republic that they claimed to love. Continue reading
(Reuters) – People who are obese but otherwise healthy may be at special risk of severe complications and death from the new H1N1 swine flu virus, U.S. researchers reported on Friday. Continue reading
December 18, 2008 “Information Clearinghouse” — -Here at last then is the defining moment of our time, our legacy to whatever lies beyond this cataclysmic failure of the human race. For the want of understanding, the kingdom was lost. And all this in what could have been the golden age of mankind.
Call it scare mongering, call it incitement of panic, hell call it terrorism for all that catchphrase means. Just don’t say I didn’t warn you. The proverbial has hit the fan and the mess is going to be almighty. Continue reading
Three current and former financial regulators told Congress on Thursday that they made fateful mistakes that helped drive the global financial system to the brink of disaster, and urged Congress to fill the regulatory gaps.
19/09/08 “CS” — – The Crash of 2008, which is now wiping out trillions of dollars of our people’s wealth, is, like the Crash of 1929, likely to mark the end of one era and the onset of another.
The new era will see a more sober and much diminished America. The “Omnipower” and “Indispensable Nation” we heard about in all the hubris and braggadocio following our Cold War victory is history.
Seizing on the crisis, the left says we are witnessing the failure of market economics, a failure of conservatism.
This is nonsense. What we are witnessing is the collapse of Gordon Gecko (“Greed Is Good!”) capitalism. What we are witnessing is what happens to a prodigal nation that ignores history, and forgets and abandons the philosophy and principles that made it great. Continue reading
“Train-wreck” doesn’t even begin to describe what is starting to happen to the U.S. today with the financial crisis, an onrushing depression, and the failure of George W. Bush’s war policy as he is faced down by Iran and the Russian bear. Continue reading
A failure of U.S. mortgage finance companies Fannie Mae and Freddie Mac could be a catastrophe for the global financial system, said Yu Yongding, a former adviser to China’s central bank. Continue reading
Second largest bank failure in US history has been duly noted, with a repeat bailout like Bear Stearns, paying down debts still the better plan, PPT supplies another miracle rally for the Dow, but we fear they only delay the inevitable, Fannie and Freddie collateral now Toxic Waste, liquidity drains now wide open, watch for the downward spiral Continue reading