On Obama’s Chopping Block: It’s The Turn of General Motors

The greatest single attack on American workers since the Great Depression

The alarm bells should be ringing day and night about what’s being prepared at General Motors — the ripple effects could produce tidal waves.

Silver, but no Silver Lining – Robert Singer

As the financial collapse gathers steam, gold and silver oracles who have been predicting for years the launch of the price of silver to the moon will see their prophecy fulfilled, but a celebration is not in order. Being wealthy during the last 60 years of unprecedented prosperity at the expense of the Third World and the environment is one thing, but profiting from silver when millions are starving is quite another.

Minister launches new advertising on emergency preparedness

The television ad works backwards in time to show a family successfully coping through 72 hours of an emergency situation, thanks to having prepared an emergency kit.

Can you survive economic crisis?

Booming preparedness industry says Americans are stockpiling

MSM: Worst job losses in 60 years expected

WASHINGTON (MarketWatch) — The recession tightened its grip on U.S. businesses and consumers in February, according to economists, who are predicting the largest one-month job loss in almost 60 years.
“Pink slips continue to fly,” said Meny Grauman, an economist for CIBC World Markets.

After the Financial Crisis, Civil War? Get Ready to “Leave Your Region …”

Will the economic and financial crisis degenerate into violent social explosions? Tomorrow, will there be civil war in Europe, the United States and Japan? That’s the rather alarming conclusion that the experts of European think tank LEAP/Europe 2020 lay out in their latest bulletin dated mid-February.

The Secret Government

A small number of extremely wealthy people, descendants of wealthy families in Europe and the U.S, own a major part of the material wealth of the world. This power is concentrated in London which is the center of the world banking system. The control they exercise is kept within the original families and passed down from generation to generation. They are highly organized, operating in secret through a web of ‘private’ organizations.

This group is known as the Global Elite.

Obama’s Stimulus Bill is a Banker Contrived Debt Scam

It was a joke, but not funny. Ben Bernanke, Federal Reserve mob boss, declared in his semi annual report to the Senate Banking Committee earlier this week “there is a reasonable prospect” the “recession” will end this year. The stock market responded with an upward blip of conditional and cynical enthusiasm.

Video: Chicago Tea Party – Rick Santelli’s Revolution on CNBC

Santelli, a former Chicago trader and financial executive, talks about President Barack Obama’s economic bailout plans, in particular Obama’s plan for the government to subsidize millions of people’s mortgages. Santelli talks about how he feels Obama’s plans go against what America represents.

The United States Is In Deep Doodoo! – Flashback

The following article was first written in 1998. I am relinking it here not so much as to say “I told you so”, but to point out that the long term economic future of the United States was obvious, or should have been obvious, to the people who are awarded lofty degrees and paid huge salaries to comprehend such things. Instead, the economists persisted in explaining away the visible signs of gathering troubles and earned their salaries by justifying why the policies that robbed the poor to give to the rich should continue unabated.

Analysts: New Era Of Chaos Has Taken Hold

Banking collapse has already happened; Crisis is worst ever; Financial system has effectively disintegrated; Mass social insurrection likely

Economic Crisis; How the Current Financial Rescue Schemes are Following the Failed Model of the Hoover Administration

Faced with the financial meltdown of the Great Depression, the Hoover administration created the Reconstruction Finance Corporation that poured taxpayers’ money into the coffers of the influential Wall Street banks in an effort to save them from bankruptcy. Like today’s Bush/Obama administrations, the Hoover administration used the “too-big-to-fail” scare tactic in order to justify the costly looting of the national treasury. All it did, however, was to simply postpone the day of reckoning: almost all of the banks failed after nearly three years of extremely costly bailouts schemes.

MSM: Up to 120,000 protest in recession-hit Ireland

Up to 120,000 protesters brought Dublin city centre to a standstill on Saturday over government austerity measures aimed at stabilising the once high-flying economy now wracked by recession.

Video: Glenn Beck predicts doomsday, revolution!

President Obama has been criticized for warning of economic catastrophe but Glenn Becks prediction is far more dire. Beck says the military is preparing for a revolution.

MSM: Volcker – Crisis May be Even Worse than Depression

The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top adviser to President Barack Obama, said on Friday.

MSM: Soros sees no bottom for world financial “collapse”

(Reuters) – Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

Nationalization: Code Word for Banker Takeover

It is now a mantra in the corporate media — the only way to fix the banking system is to “nationalize” the banks. “A touchy word has entered the public debate about the future of America’s economy. It’s a word that would shock the nation in normal times, but as even Republicans begin to whisper it, temporary ‘nationalization’ of troubled banks is increasingly seen as our last best hope for fixing our financial system,” declares Thomas Kelley, writing for Yahoo News.

Finance Capitalism Hits a Wall – The Oligarchs’ Escape Plan – at the Treasury’s Expense

The financial “wealth creation” game is over. Economies emerged from World War II relatively free of debt, but the 60-year global run-up has run its course. Finance capitalism is in a state of collapse, and marginal palliatives cannot revive it. The U.S. economy cannot “inflate its way out of debt,” because this would collapse the dollar and end its dreams of global empire by forcing foreign countries to go their own way. There is too little manufacturing to make the economy more “competitive,” given its high housing costs, transportation, debt and tax overhead.

Video: Brzezinski’s Fear – Class Warfare and Destruction of the New World Order

Making an appearance on the Morning Joe television show, the Rockefeller globalist Zbigniew Brzezinski said it is high time the rich who have made billions since the days of the Clinton administration help out the poor and struggling masses. Said Brzezinski:

Obama – President Of Special Interests – Paul Craig Roberts

The Bush/Obama bailout/stimulus plans are not going to work. Both are schemes hatched by a clique of financial insiders. The schemes will redistribute income and wealth from American taxpayers to the shyster banksters, who have destroyed American jobs, ruined the retirement plans of tens of millions of Americans, and worsened the situation of millions of people worldwide who naively trusted American financial institutions. The ongoing theft has simply been recast. Instead of using fraudulent financial instruments, the banksters are using government policy.

Greenspan says recession will be ‘longest and deepest’ since ’30s

The maestro was wrong.

Eight months after he predicted the worst was over and the threat of recession receding, former Federal Reserve chairman Alan Greenspan said the current global recession will “surely be the longest and deepest” since the 1930s.

Video: It’s Getting Ugly: Economist Says Hoard Gold & Scotch

Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper

MSM: Fed banker warns of deflation

With the economy spinning deeper into recession, the United States might suffer a dangerous bout of falling prices, or deflation, a Federal Reserve official warned Tuesday.

The New Depression

The business and political elite are flying blind. This is the mother of all economic crises. It has barely started and remains completely out of control. By Martin Jacques, who this week joins the New Statesman as a columnist. Plus don’t miss our Q&A

Film: The Money Masters

The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… Their secret is that they have annexed from governments, monarchies, and republics the power to create the world’s money.

MSM: Job Losses Pose a Threat to Stability Worldwide

PARIS — From lawyers in Paris to factory workers in China and bodyguards in Colombia, the ranks of the jobless are swelling rapidly across the globe.

The 2008 World Economic Crisis: Global Shifts and Faultlines

The last months of 2008 witnessed what is being called the worst financial crisis since the Great Depression of 1929-30. The first indications of a serious crisis appeared in January 2008. On 15 January, news of a sharp drop in the profits of the Citigroup banking led to a sharp fall on the New York Stock Exchange. On 21 January a spectacular fall in share prices occurred in all major world markets, followed by a series of collapses. A number of American and European banks declared massive losses in their 2007 end of the year results.

Video: Glenn Beck Tells O’Reilly Depression & Revolution Are Coming

“And the Masses Will Hang BILL FIRST!” he Says

Video: Marc Faber on U.S. Debt and Economy

Marc Faber “U S will default on debt or enter hyperinflation” – 02-05-09 – CNBC

Video: ‘Worst economic collapse ever’ – Gerald Celente

In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes its going to be very violent in the U.S., including there being a tax revolt.

Video: Ron Paul – “The Federal Reserve Is the Source of Our Problems!!”

February 10, 2009 C-SPAN

Video: Two years recession, or ten years of hell?

William Engdahl: US economy has been hollowed out over the last 15 years and the debt load is staggering

Video: Lindsey Williams on The Alex Jones Show

Alex welcomes back to the show Lindsey Williams, author of The Energy Non-Crisis. Williams correctly predicted the fall of oil prices, an effort by the global elite to devalue the dollar and wreck oil producing nations.

Ed Balls: minister fears rise of fascism amid economic gloom

The economic crisis could spark a resurgence in the Far Right, a close ally of Gordon Brown has suggested.

Ed Balls, the Childrens and Schools Secretary, said the downturn was likely to be the most serious for 100 years, and his comments appeared to raise the prospect of a return to the Far Right politics of the 1930s and the rise of Fascism.

MSM: Bond market calls Fed’s bluff as global economy falls apart

Global bond markets are calling the bluff of the US Federal Reserve.

MSM: It’s Not Going to Be OK

The daily bleeding of thousands of jobs will soon turn our economic crisis into a political crisis. The street protests, strikes and riots that have rattled France, Turkey, Greece, Ukraine, Russia, Latvia, Lithuania, Bulgaria and Iceland will descend on us. It is only a matter of time. And not much time. When things start to go sour, when Barack Obama is exposed as a mortal waving a sword at a tidal wave, the United States could plunge into a long period of precarious social instability.

The American ruling class

On Wednesday, President Barack Obama announced measures that purport to restrict executive compensation to $500,000 at financial institutions receiving billions in government assistance. The figure does not include stock options, which could be redeemed after financial firms pay back loans from the federal government. Nor does it apply to the original recipients of tens of billions in TARP (Troubled Asset Relief Program) money.

MSM: World is getting colder

After the wet and cold centuries of the Little Ice Age (around 1550-1850 A.D.), the world’s climate recuperated some warmth, but did not replicate the balmy period known as the Middle Age Warm Period (around 800-1300 A.D.), when the margins of Greenland were green and England had vineyards.

Video: Real Unemployment Figures Double Those Reported By Labor Department

7.6% is actually over 15% – just 9% shy of figure at height of great depression

The national media frenzy about the U.S. unemployment rate shooting up to 7.6% doesn’t even do justice to the actual unemployment figure, which in reality stands at around 15 per cent, just 9 per cent shy of the unemployment total at the very height of the great depression.

Video: Peter Schiff – Obamanomics = Food Lines

Peter Schif on Fox Business News With Liz Claman.