Obama’s China Junket: “We’re Opening Doors for Wall Street and Nothing More”

(MikeWhitney) – Barack Obama took Hu Jintao to task this morning, scolding the dejected-looking Chinese leader at a press conference held in Beijing. Obama delivered one ferocious jab after another, claiming that China’s dollar-peg has cost the US millions of high-paying manufacturing jobs while creating gigantic trade imbalances which have destabilized the global economy and thrust the world into severe economic contraction.

Marx and Lenin Revisited – Paul Craig Roberts

“Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks.” Karl Marx
If Karl Marx and V. I. Lenin were alive today, they would be leading contenders for the Nobel Prize in economics.

Video: NAFTA & Global Warming – A Globalist Scam

Great Compilation

Nazis and U.S. Politics

During the past several months in the American press, the Democrats have frequently denounced the Republicans as Nazis due to their attempts to control runaway federal spending. How very ironic. I remember the Nazis. Let me share a little about them and recall some of their exploits.

The OAS Treaty: Blueprint for Dismantling the Second Amendment

The Obama administration’s offensive against the Second Amendment has begun.

Shuttered factories, shattered lives in US rust belt

(RawStory) – Weeds have not had time to overtake factories shuttered in the wake of recent bankruptcies at General Motors, Chrysler and a host of suppliers, but the signs of shattered lives are spreading as the economically devastated region, dubbed “the rust belt” after its steel industry, fails to absorb the collapse of the auto industry.

A Constitution in FULL Crisis

America’s extreme left tricked American moderates into supporting their candidate last November by campaigning on post-partisan cooperation and transparency in government. Six months after the election of a freshman senator with a blank résumé, a laundry list of evil associates and a life more secret than your average CIA agent, Obama’s entire history remains a mystery and his administration is the most hardcore partisan dictatorship ever experienced in the USA.

MSM: Swine flu ‘reaches 160 countries’

(BBC) – The swine flu virus has reached 160 countries and could infect two billion people within the next two years, the World Health Organization has said.

Can The Economy Recover? – Paul Craig Roberts

There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”

The Coming Economic Collapse

Today’s essay details the ongoing collapse of the US economy with a focus on why this coming fall will prove the “worst is over” crowd wrong yet again. Earlier this week, I detailed three major developments.

Obama Pushing Treaty To Ban Reloading

Remember Candidate Barack Obama? The guy who “wasn’t going to take away our guns”?

Well, guess what?

Video: Obama Supports Treaty Outlawing Gun Possession

As Lou Dobbs notes here, Obama is in favor of the ratifying CIFTA, the Inter-American Convention Against Illicit Manufacturing of and Trafficking in Firearms.

MSM: Demand for New Flu Vaccine Could Overwhelm Manufacturers

The United States won’t necessarily have the upper hand in seeking an adequate supply of swine flu vaccines, since much of U.S. vaccine manufacturing is done overseas.

The Educational System Was Designed to Keep Us Uneducated and Docile

It’s no secret that the US educational system doesn’t do a very good job. Like clockwork, studies show that America’s schoolkids lag behind their peers in pretty much every industrialized nation. We hear shocking statistics about the percentage of high-school seniors who can’t find the US on an unmarked map of the world or who don’t know who Abraham Lincoln was.

MSM: Evans-Pritchard – Dow 4,000 by Summer

Global trade and economic output are collapsing at rates that outpace the Depression of the 1930s, and “shock and awe” policies are required from the U.S. government to revive global growth, says Daily Telegraph International Business Editor Ambrose Evans-Pritchard.

US Gives China Eminent Domain Over US Property – Beyond High Treason(updated)

Let’s connect some dots today, boys and girls to learn about the HIGHEST POSSIBLE TREASON that has happened in this country.

This is as real and as ugly as it can get.

China Speaks (pdf) – READ THIS

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.

MSM: U.S. Economy- Factory Output, Housing Starts Plunge

Manufacturing and housing in the U.S. collapsed in January, government reports showed, as the Obama administration unveiled new proposals to stem what may become the worst recession in the postwar era.

Does the US Make Anything Anymore?

It may seem like the country that used to make everything is on the brink of making nothing.

In January, 207,000 U.S. manufacturing jobs vanished in the largest one-month drop since October 1982. Factory activity is hovering at a 28-year low. Even before the recession, plants were hemorrhaging work to foreign competitors with cheap labor. And some companies were moving production overseas.

China VS The Zionist Economy

The center of the world economy has shifted to Asia. A burgeoning Asian economy centered in Beijing is now threatening to take over the failed Zionist banking system as evidenced in the current US financial crisis that no bailout is going to solve.

MSM: Pioneer pulls plug on 10,000 jobs

Electronics firm Pioneer is axing 10,000 employees as it pulls out of the flat-screen TV market by March next year and predicts a record annual loss.

MSM: Bloody Monday: Over 71,400 jobs lost

The final week of January began with a bloodbath for the job market, as over 71,400 more cuts were announced on Monday alone.

MSM: Manufacturing index at 28-year low

 NEW YORK (CNNMoney.com) — A key index of the nation’s manufacturing activity fell to a 28-year low in December, according to a report released Friday.

The Institute for Supply Management, a purchasing management group based in Tempe, Ariz., said its manufacturing index was 32.4 for December. That’s the lowest reading since June 1980, when it stood at 30.3.

US Economy: Rudderless and Reeling From Direct Hits – Paul Craig Roberts

We were promised a “New Economy” of high-tech tradable services to take the place of the offshore manufacturing economy. Wondering what had become of the “New Economy,” Duke University’s Offshoring Research Network searched for it and located it offshore. Yes, the activities of the “New Economy” are also outsourced offshore.

Call centers, IT operations, back-office operations, and manufacturing have long been moved offshore. Now high-value-added proprietary activities such as research and development, engineering, product development, and analytical services are being sent offshore. All that’s left is finance, and it is crumbling before our eyes.