How Many Guns Are Too Many?

(SHTFPlan) – After responding to a burglary call at a Rockford, Illinois home, police failed to apprehend the thief but found something that is perhaps much more interesting. WTVO reports that upon entering the home of an unnamed 67 year old resident they were surprised to find a weapons cache of over 300 weapons ranging from shotguns to rifles.

The homeowner, a registered firearm owner, was out of town at the time of the burglary. According to police, the weapons were taken for safekeeping. The guns will be cross-checked against police databases to ensure they have not been used for criminal activity.

While it’s probably a good idea to take the weapons for safekeeping, considering that the house was broken into and the homeowner was out of town, what’s equally as interesting is the reaction of the neighbors: Read entire article

Video: Rob Dew Briefs Alex About Polish Troops Training with Illinois National Guard to Take on Gun Owners!

(June 17) – Rob Dew Just got back from the state of illinois and video tapped Polish troops training with National Guardsmen to take Americans Guns Away
when the order comes down! Continue reading

MSM: Troops Invade Chicago

(NBCChicago) – Disaster. Mayhem. Panic in the streets.

Chicago could look a lot like a Michael Bay movie-in-action this weekend when massive emergency response exercise takes place in and around the city.

The Illinois National Guard says more than 50 local, state, federal and private agencies will participate in the drill to learn how to respond to disasters. The five-day training exercise will run from Sunday through Thursday, June 17.

Officials with the Illinois National Guard say the event is a “full-scale exercise” and residents can expect to see emergency responders throughout the Chicago area “look and acting” as if it were a real disaster mission. Read entire article

Economy

(Rense) – Illinois – A State In Crisis – Stephen Lendman

This writer’s earlier articles addressed greater social misery in America than since the Great Depression, because of unemployment, homelessness, hunger, bankruptcies, despair, and rising poverty levels.

According to the National Academy of Science, 47.4 million Americans were impoverished in 2008, 15% of the population, but the true number is much higher since the government’s income threshold is $22,000 for a family of four, way short of what’s needed throughout urban America where even half again as much is too little. Read More Here

(Bloomberg) – Banks Seized by Regulators in Nebraska, Mississippi, Illinois

Three banks with total deposits of almost $2.3 billion were seized by regulators amid losses stemming from soured real-estate loans, raising to 81 the number of U.S. lenders that have collapsed this year. 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. Read More Here

(Telegraph) – Solution to Unemployment? Wal-Mart to Create 500,000 New Jobs

Mike Duke, chief executive, told the retailer’s annual meeting that the company will add the 500,000 positions as it seeks to continue to grow globally and maintain its leading position in the US. Read More Here

(EconomicNoise) – Worse than a Depression – Read More Here

(SicSemper) – Video: Obama’s Teleprompter of Propaganda: “Our Economy is Getting Stronger by the Day.”

As the Bureau of Labor Statistics report is published for the month of May showing unemployment at 9.7% due to 322,000 workers leaving out of employment positions, President Obama read from his teleprompter more Orwellian Double-speak, stating “our recovery is still in its early stages, and there’s going to be ups and downs in the months ahead…… this report is a sign that our economy is getting stronger by the day.” View More Here

(GlobalResearch) – Europe is Headed For a Mini-depression – Mike Whitney – Read More Here

(WashingtonTimes) – FTC floats Drudge tax

The Federal Trade Commission (FTC) is seeking ways to “reinvent” journalism, and that’s a cause for concern. According to a May 24 draft proposal, the agency thinks government should be at the center of a media overhaul. The bureaucracy sees it as a problem that the Internet has introduced a wealth of information options to consumers, forcing media companies to adapt and experiment to meet changing market needs. FTC’s policy staff fears this new reality. Read More Here

(TPG) – Countdown to Crashdown

Heed This Warning, and You Could Gain 868%. Ignore It, and You Stand to LOSE HALF of Your Wealth. The Choice Is Yours… Read More Here

(PRWeb) – Investors Shun Market Volatility as Fear and Uncertainty Reign, Opting Instead For Precious Metals IRAs as Gold Nears All Time Highs – Read More Here

(FinancialPost) – World currency unit intended to rival U.S. dollar for supremacy

A new currency is intended to challenge the U.S. dollar as the world’s foremost reserve currency. The WOCU, short for world currency unit, was actually launched by London-based WDX Organization in September 2009, but only seems to be gaining recognition now. Read More Here – See Also: Flex Group

Video: Watch the WOCU evolve – Video Link Here

(WOCU) – About the WOCU

The WDX Organisation has developed a currency-basket instrument called the Wocu; available for commercial use from 1st January 2010, the same day WDX launched its commercial reference data products. Read More Here

(YahooFinance) – Video: $6 to $8 Gas? Prices Will “Skyrocket” If U.S. Stops Drilling, Says Former Shell Exec – View Video Here

(WDX) – WDX Institute: Forum for WOCU Related Research Read More Here

(BusinessInsider) – MARKETS RIPPED APART: Here’s What You Need To Know

Following two straight up days, it looked like the panic might be out of this market. Nope, not even close. Fresh Euro panics combined with signs of economic weakness in the US to savage markets.

The scoreboard: Read More Here

(RealClearPolitics) – Census Worker Claims Job Numbers Are Being Inflated

“What they do is hire you, they train you like a few weeks — 35, 40 hours of training and give you six hours of productive work and lay you off.” a former Census named “Maria” tells FOX News. “Maria” further explains they rehire you so it counts as a new job.

(RussiaToday) – Video: Euro the focus of secret Bilderberg meeting: Charlie Skelton

I hear from some people, Daniel Estulin has got sources inside, and he says the euro is on the top of the agenda. If the euro fails and the eurozone collapses, it’s been a lot of wasted talk. There’s talk, I have been speaking to some Spaniards here and they saying there’s whispers of returning to the peseta and that is not in the Bilderberg’s best interest,” said Skelton. Continue reading

Illinois Senator Wants to Imprison Gun Owners

(IllinoisGun) – The Illinois General Assembly has passed HB 5832 a Bill that makes carrying a firearm in Illinois without a valid FOID card a mandatory 1-3 years in prison.

Under current law, carrying a weapon without a valid FOID card allowed for probation but once enacted the new law removes any and all chances of probation even for a first time offense. The Bill has yet to be signed by the Governor but it appears to be a done deal unless a grassroots effort is made to stop it. Continue reading

Video: New Video Shows Militarized Police at Obama Event in Illinois

(KurtNimmo) – Earlier this week we reported on riot police storm troopers dispatched in Quincy, Illinois, in response to a Tea Party demonstration outside an Obama event. The Secret Service told black-clad riot cops to “push the crowd back as far as you can, out of sight” outside the the Oakley-Lindsey/Quincy Community Center.
“The Tea Partiers were walking down York after the president’s motorcade arrived when a Secret Service agent asked the crowd to move back to the north side of the street,” QuincyNews reports today. “As the crowd was moving back, the Mobile Field Force, adorned in full body armor, walked between the crowd and the building, then they turned and faced the protesters.”
Continue reading

Monsanto Under Investigation by Seven US States

(OrganicConsumers) – At least seven US state attorneys general are investigating whether Monsanto Company has abused its market power to lock out competitors and raise prices on seed. Iowa, Illinois, Ohio, Texas, Virginia, and two other unidentified states are in a working group to investigate the biotech giant. Continue reading

Video: Illinois Congressman – “I Don’t Worry About The Constitution”

Admits he doesn’t know how health care can be legally mandated
A Democratic Congressman from Illinois told his constituents that he does not worry about the constitution when it comes to the health care bill signed into law last week by the president, before misquoting from the Declaration of Independence and claiming he had read the 2700 page legislation three times. Continue reading

Economy

(IND) – China’s gold rush ‘will be stampede by 2020’ – Read More Here

(NYTimes) – Stocks Soar, but Many Analysts Ask Why

The unemployment rate remains locked in a range that recalls the economic doldrums of the early 1980s. Housing is stuck in a ditch, with foreclosures rising. And consumers are still reluctant to part with the little cash they do have. Read More Here

(NorthJersey) – Cash-strapped states using income audits to get funds

State audits on income and sales taxes for the smallest businesses as well as out-of-state inquiries on operations in other states are on the rise, accountants say. Read More Here

(BusinessInsider) – There Are No New Taxes Coming In America…. Except The Massive One That Will Sock The Economy In The Gut – Read More Here

(ContrCostaTimes) – Chiang: Worst yet to come for California budget crisis

State Controller John Chiang said Monday the worst of California’s budget crisis is still to come. Read More Here

(NYTimes) – State Debt Woes Grow Too Big to Camouflage

California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and armies of retired public workers who are counting on benefits that are proving harder and harder to pay. Read More Here

(InfoClearingHouse) – Eighteen Million, Out in the Road

How cold and callous can we become? When, as a society and as a nation, we can undergo a massive earthquake under our very feet and before our very eyes, how can we just ignore its victims? Read More Here

(InfoClearingHouse) – Video: Tent Slums Spring Up in America

Concentrations of homeless people are nothing new in America, but recent BBC and Los Angeles Times reports depict a rising trend of shanty slums, such as a “city” of newly homeless people living in tents near the Ontario airport in Los Angeles. View Video Here

(InfoClearingHouse) – Workhouse Nation – The Plight of Mass Unemployment in America. What are the Causes? Read More Here

(WickedLocal) – Bay State foreclosures up 13.8 percent

Completed foreclosures in Massachusetts fell 19.6 percent in February, compared to January, but were 10.4 percent higher than in February 2009, according to data released Thursday morning. Also, foreclosure deeds jumped 13.8 percent to 2,058 in the first two months of the year from 1,809 during the same period in 2009, the Warren Group reported. Read More Here

(CBS2Chicago) – Report: 20,000 Illinois Teachers Could Lose Jobs

9,800 Teachers Are Already Out, Many More Layoffs Are Planned Read More Here

(AP) – IN could see new wave of foreclosures

The number of Indiana mortgages that were 90 days or more overdue jumped to its highest level in more than a year in January, a statistic that has many fearing a surge of home foreclosures in 2010. Read More Here

(FortWorthBP) – Commercial real estate to see ‘storm’ of foreclosures

The 2010 Tarrant County commercial real estate market looks to be similar to 2009 with one big difference according to local foreclosure expert George Roddy Sr.: a ‘closing window of opportunity.’ Read More Here

MSM: UPDATE – Regulators Close 3 Banks In Minnesota, Illinois, Utah

(WSJ) – Three U.S. banks were shuttered on Friday night by state regulators, bringing the total number of bank failures this year to four, the Federal Deposit Insurance Corporation said. Continue reading

MSM: Bank failures top 100 for year; most since 1992

(MSNBC) – WASHINGTON – The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from bad loans and the recession goes even deeper than the number suggests. Continue reading

Illinois Army National Guard Puts Military War Machines on the Streets

In Springfield, Illinois, the commoners will get acclimated in the coming week to the idea of the military on the streets. “A Springfield-based military police company will be training with a new armored vehicle in the area this week,” Continue reading

MSM: Illinois Income Tax May Jump 50 Percent

Gov. Pat Quinn Says Tax Hike Is Needed To Fight Deficit

Gov. Pat Quinn confirmed Friday that he plans to raise taxes on some Illinois residents to combat deficits in a difficult state budget, and called for broader tax reform. Continue reading