Economy

(YahooTechTicker) – REMEMBER: In 1930, They Didn’t Know It Was “The Great Depression” Yet

In the past year, we’ve written a lot about the similarity between the rally of early 1930 and the one we had through April of this year.

The early 1930 rally came after the market had fallen nearly 50% in the fall of 1929. The spring 1930 rally took the market up nearly 50% again, to a level that was only about 20% below the previous peak.

That rally, of course, was also the biggest sucker’s rally in history. After the market peaked in April 1930, it crashed again, eventually ending up down 89% from the 1929 high and more than 80% from the 1930 high. The market did not reach the 1930 high again for another quarter of a century. Read More Here

(HuffingtonPost) – Long-Term Unemployed Now 46 Percent Of Unemployed, Highest Percentage On Record

The proportion of people jobless for six months or more has accelerated in the past year and now makes up 46 percent of the unemployed. That’s the highest percentage on records dating to 1948. By late summer or early fall, they are expected to make up half of all jobless Americans. Read More Here

(InfoClearingHouse) – Europe Chooses Depression – Mike Whitney

Forget about a smooth recovery. Finance ministers and central bank governors of the G-20, met this weekend in Busan, South Korea and decided to abandon “tried and true” expansionary fiscal policies for their own strange brew of belt-tightening policies and austerity measures. Read More Here

(EuroPacificCapital) – Key Indicators of a New Depression

With the mainstream media focusing on the country’s leveling unemployment rate, improving retail sales, and nascent housing recovery, one might think that the US government has successfully navigated the economy through recession and growth has returned. But I will argue that a look under the proverbial hood reveals a very different picture. I believe the data shows that the US economy is badly damaged, and a modern-day depression has begun. In fact, just as World War I was originally called The Great War (and was retroactively renamed after World War II), Peter Schiff has said that one day the world will refer to the 1929-41 era as Great Depression I, and the current period as Great Depression II. Read More Here

(Bloomberg) – U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day – Read More Here

(AP) – Financial crisis panel subpoenas Goldman

A panel probing the causes of the financial meltdown has issued a subpoena for documents from Goldman Sachs Group Inc., accusing the firm of stonewalling an investigation. Read More Here

(PaulWatson) – Investment Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire And Guns

A top investment banker has warned that the economic fallout of the sovereign debt crisis could get so nasty over the next five years that people would be wise to abandon the markets and instead buy land, barbed wire and guns.

With gold smashing through its all time record high this morning on the back of fears over a double dip recession, analysts are turning increasingly bearish on the markets. Anthony Fry, senior managing director at Evercore Partners, told CNBC that the bond markets could turn nasty over the next few months and said that the current problems created by the European debt crisis could be with us for at least five years. Continue reading

Video: Reality Report #43 – Targeting Tax Payers with Orwellian Tactics

Why is Pennsylvania utilizing Big Brother scare tactics to collect tax money? Are protesters being denied free speech at this summers G-20 summit? Will the federal government soon have access to your bank account? StartPage.com Story- Internet privacy issues must be addressed. Plus, Alex Jones presents facts as to how the U.S. Government is planning military operations against American citizens. The Reality Report Crew take on those questions and deliver the facts and solutions in the 43rd edition. Continue reading

Leaked G20 Documents Shed Light on Global Carbon Tax

As The Corbett Report reported yesterday, veteran Bilderberg researcher Daniel Estulin has obtained documents from inside last week’s G20 Finance Minister’s meeting in St. Andrews, Scotland. The documents—including attendee lists, drafts of the conference’s communique and handwritten notes with deatils about who said what during deliberations—were snuck out of the conference by Estulin’s sources despite security measures which were high “even by Bilderberg standards.” The documents can be viewed at BilderbergBook.com and have been  mirrored here in PDF format. Continue reading

Estulin: G-20 Meeting in Scotland this Week about Dumping U.S. Dollar

Best-selling author Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland, is how to bring down the present world financial system through dumping the US dollar. Continue reading

Fall of the Dollar on G-20 Finance Ministers Agenda

(BobChapman) – The G-20 finance ministers meet in Scotland on November 6th and 7th, and they will all be bleating about the fall in the dollar. France started this week, and the others will follow. Their currencies are rising in value and they do not like it. Continue reading

MSM: Recession Will Be ‘Full-Blown Depression’: Strategist

(CNBC) – This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street. Continue reading

Pittsburgh: Beta Test for a Police State

The G-20 police response in Pittsburgh was a beta test. “We spent months getting ready for this and it was a lot of preparation, but we’ll see the dividends of that for a long time to come,” Public Safety Director Michael Huss told the Pittsburgh Tribune-Review. Continue reading

Film: Trailer 4 – Fall of the Republic

In just 8 days, ‘Fall of the Republic’ will reveal once and for all the nationwide heist and economic takeover that has been maneuvered through the Bailout and action taken by the private Federal Reserve. Experts including William K. Black, Max Keiser, Dr. Webster Tarpley, George Humphrey, Gerald Celente and more join Alex Jones in the most detailed analysis ever of the fall of the Dollar, the push for a new global currency through the G20 and the international bankers who have worked tirelessly to bring the United States to its knees. Continue reading

Video: Robert Fisk Talks About His Bombshell Report To Russia Today

(RussiaToday) – In the following interview Robert Fisk explains a report he wrote about China and other G-20 nations talking about replacing the dollar as the world’s reserve currency for a basket of alternative currencies. Continue reading

Video: Webster Tarpley on Jason Bermas – Demise of The Dollar & The IMF Takeover

Jason welcomes Webster Griffin Tarpley to discuss the demise of the dollar and the takeover of the world economy by the IMF, the G20 and the World Bank. Continue reading

Robocops Come to Pittsburgh …and bring the latest weaponry with them

No longer the stuff of disturbing futuristic fantasies, an arsenal of “crowd control munitions,” including one that reportedly made its debut in the U.S., was deployed with a massive, overpowering police presence in Pittsburgh during last week’s G-20 protests. Continue reading

The Mainstream Media’s Denial of Legitimacy

For every action, there is an equal and opposite reaction. This is true in the physical world, and even if you cannot clearly see how it applies in the social world, the fact cannot be denied that every action taken by a person or group of people has the potential for negative consequences. A book written, a news program aired, a video filmed, a law enacted, a precedent set, all of these, no matter how benign the intent, have the potential to, and often do, affect our society, and therefore the lives of all, in various ways. Continue reading

Dangers, Failures, Diversions and Shortfalls

(BobChapman) – The G-20 Pittsburgh Summit ended last Friday. Their official statements made for some novel and interesting reading. Continue reading

Robocops Come to Pittsburgh …and bring the latest weaponry with them

No longer the stuff of disturbing futuristic fantasies, an arsenal of “crowd control munitions,” including one that reportedly made its debut in the U.S., was deployed with a massive, overpowering police presence in Pittsburgh during last week’s G-20 protests. Continue reading

Audio: David Icke – Swine Flu, Mass Vaccinations & G20

(RedIceRadio) – David Icke joins us to talk about the Swine Flu, Mass Vaccinations, the Corruption in the Pharmaceutical Industry, Nanochips in Vaccines, the G20 meeting in Pittsburgh and much more. Continue reading

Video: We Are Change Luke Rudkowski – G-20 protest

Various video clips of We Are Change founder, Luke Rudkowski, protesting during the Pittsburgh G-20 summit in September of 2009. Rock on Infowarrior! Continue reading

The U.S. Creeps Closer to a Police State

When word first arrived that the G-20 would be meeting in Pittsburgh Pennsylvania, activists began organizing protest demonstrations. Events like this are what freedom of speech is made for. What better occasion to protest than a meeting of the world’s 20 top leaders — most of them deservedly hated — where they will be imposing policy on billions of people worldwide? Continue reading

More Lies, More Deception – Paul Craig Roberts

“What does imperialism mean? It means the assertion of absolute force over others.” Robert Lowe 1878 Continue reading

Military and Riot Thugs Detain, Dehumanize and TORTURE American Citizens

(JasonBermas) – In what was possibly the most surreal, horrific, and unimaginable thing I have ever witnessed in my life, 1200 Riot Police and Military Personal rabidly attacked a group of well under 300 American citizens, many of them just students that were unaware there was even a protest going on. Continue reading

‘New World Order’ Emerging At G-20 Summit

A new world order is emerging at the G-20 Summit in Pittsburgh with a decision by the group to become the premier coordinating body on economic issues. Continue reading

Video: Wearechange schools Pittsburgh police on constitution @ g20

Luke Rudkowski of Wearechange.org schools pittsburgh police on their duty to the constitution and thier oath. Police use LRAD sound cannons and tear gas on peaceful protesters. Continue reading

Iran Reveals Previously Undisclosed Nuclear Plant

(Truthout) – Iran has revealed the existence of a previously undisclosed uranium-enrichment plant. The disclosure has heightened fears about Iran’s nuclear weapons program and threatens to raise diplomatic tensions between that nation and the West. Continue reading

MSM: Obama Tells G-20 Iran Has Secret Nuke Facility

(USAToday) – Editor’s note: Can an attack on Iran be far behind?
President Obama opened G-20 summit day with a bang this morning, condemning Iran for hiding the existence of a secret nuclear facility and demanding that it be opened to international inspections. Continue reading

MSM: New world economic order takes shape at G20

(Reuters) – The Group of 20 is set to become the premier coordinating body on global economic issues, reflecting a new world economic order in which emerging market countries like China are much more relevant, according to a draft communique. Continue reading

Video: Video From G20 the Corporate Media Will Never Show You

In the videos here, we get an idea of what the federalized and militarized police in Pittsburgh really think of the First Amendment. The victims shown below are not government provocateurs or anarchists, but middle class students. Continue reading

Video: Ron Paul on Alex Jones – A 1776 Style “Revolution” is Almost Here!!!

(September 24, 2009) – Alex welcomes back to the show Dr. Ron Paul Continue reading

Military Attacks American Citizens With Sound Weapons & Tear Gas At G20

REUTERS UPDATE: Secret Service confirms that police are shooting #g20 protesters with “bean bags.” But check out what they look like. Via Keepshooting.com: Continue reading

Pittsburgh National Guard Prepare For Crowd Control Duties

Troops train with Army and Air Force for G20 Summit as part of martial law acclimation Continue reading

MSM: U.S. to push for new economic world order at G20

(Reuters) – The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice. Continue reading

Stiglitz Says MSM: Banking Problems Are Now Bigger Than Pre-Lehman

(Bloomberg) — Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc. Continue reading

Derivatives Collapse and the China Gold and Silver Markets

(BobChapman) – In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, which previously was not allowed to invest in gold and silver. The opening of silver exchanges to the Chinese public is the most recent development and was accompanied by a ban on silver exports. The Chinese government is actively touting both gold and silver as an investment to the Chinese public, and with good reason. Continue reading

MSM: McClatchy Announces Financial New World Order

One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and something new is rising from its ashes. Continue reading

Kissinger Tells President Medvedev… ‘By September We’ll Have CONFISCATED ALL PRIVATELY OWNED GUNS…’ (Updated May 25, 2009)

Kremlin reports on the extraordinary meeting held today between President Medvedev and former United States Secretaries of State Henry Kissinger (under Nixon), James Baker (under Bush Sr.), Charles Shultz (under Regan), former United States Defense Secretary William Perry (under Clinton), and former US Senator and top defense expert Sam Nunn, are stating that the Americans are acknowledging for the first time their acceptance of a New Global Order… Continue reading

Towards a Global Currency? – Michel Chossudovsky

With a view to restoring financial stability, World leaders have called upon the Group of 20 countries (G-20) to instigate a new global currency based on the IMF’s  Special Drawing Rights (SDRs). Continue reading

MSM: Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

(Bloomberg) – Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.” Continue reading

Trend Alert: The U.S. and the U.K. Will Both Default on Their Debt by the End of Summer 2009

As anticipated by LEAP/E2020 as early as October 2008, on the eve of summer 2009, the question of the US and UK capacity to finance their unbridled public deficits has become the central question of international debates, thus paving the way for these two countries to default on their debt by the end of this summer. Continue reading

Obama-backed plan volunteers Americans to pay global taxes

The United Nations is proceeding, with President Obama’s acquiescence, to implement a global plan to create a new international socialist order financed by global taxes on the American people. Continue reading