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

US Census Bureau Confirms Rising Poverty, Falling Incomes, and Growing Numbers of Uninsured

In early September, The US Census Bureau released its new report titled, “Income, Poverty, and Health Insurance Coverage in the United States: 2008″ (pdf) showing disturbing data that portends much worse ahead under a president and Congress doing nothing to address it. Continue reading

Million TIMES More Squalene In H1N1 Vax Than Caused GWI !!

Dr. Laibow’s presentation on squalene during the second hour of your program last night, 8-24, was impressive. In looking for some verification of the ‘million-times more squalene’ than was in ‘Vaccine A’ that caused the catastrophic Gulf War I Illness (which ruined the lives of hundreds of thousands of troops and killed thousands of others -ed), I came across this article… Continue reading

Chávez: Capitalists Have Manipulated the Message of Christ to Exploit the Poor

“The Kingdom of Heaven is not a kingdom or life in the clouds. Either it exists here or else it exists nowhere,” President Chávez issued a wake-up call during the last Sunday program of 2008. “It’s on earth, and that is why Christ came here and was born among the poor, in the manger.”

The head of state in Venezuela noted that the capitalist system throughout its history has distorted Jesus’s message to the poor about the Kingdom of Heaven, with the sole purpose of exploiting the impoverished majorities in favor of the minorities who enjoy the wealth of the world. Continue reading