Video: Celente – Stock Market Crash Before End of 2010

(Trends&ForecastsBlog) – Gerald Celente believes that the stock market will crash before the end of 2010 , gold will soar. When gold was at $275 per ounce in 2002, Celente said the price had bottomed and in 2004 forecast the beginning of the “Gold Bull Run.” Since that time, with pinpoint accuracy, he said when, why – and how high – gold would go. Gerald Celente sees huge opportunities in green healthy food , technology for the poor and in rejuvenating the cities with quality architecture…, Gerald Celente as always recommends gold Canadian dollar the Swiss franc as hedges against the inflation.

MSM: Harvard puts tighter limits on medical faculty

(BostonGlobe) – Harvard Medical School will prohibit its 11,000 faculty from giving promotional talks for drug and medical device makers and accepting personal gifts, travel, or meals, under a new policy intended partly to guard against companies’ use of Harvard’s prestige to market their products.

The conflict-of-interest rules also place stricter limits on the income faculty can earn from companies for consulting, joining boards, and other work; require public reporting of payments of at least $5,000 on a medical school website; and promise more robust internal reporting and monitoring of these relationships. Read More Here

Economy

(MarketOracle) – SULTANS OF SWAP: BP Collapse Potentially More Devastating than Lehman!

As horrific as the gulf environmental catastrophe is, an even more intractable and cataclysmic disaster may be looming. The yet unknowable costs associated with clean-up, litigation and compensation damages due to arguably the world’s worst environmental tragedy, may be in the process of triggering a credit event by British Petroleum (BP) that will be equally devastating to global over-the-counter (OTC) derivatives. The potential contagion may eventually show that Lehman Bros. and Bear Stearns were simply early warning signals of the devastation lurking and continuing to grow unchecked in the $615T OTC Derivatives market. Read More Here

(DailyFinance) – Wall Street Apocalypse: The World of the Doomsday Investors – Read More Here

(Guardian) – Graduates warned of record 70 applicants for every job

Class of 2010 told to consider flipping burgers or shelf stacking to build skills as they also compete with last year’s graduates Read More Here

(DetroitNews) – Foreclosures plague Metro area towns – Read More Here

(DailyFinance) – Facing a $7 Billion Shortfall, the U.S. Postal Service Proposes to Raise Rates – Read More Here

(MaineBiz) – Maine foreclosures still rising – Read More Here

(Telegraph) – Europe’s ‘toothless’ bank tests making matters worse

RBS and other City institutions have warned that Europe’s stress tests for banks are almost useless and may further damage confidence if they fail to cover the risk of large losses on sovereign defaults by Greece and other Club Med states. Read More Here

(HuffingtonPost) – Reps. Paul & Frank: Why We Must Reduce Military Spending

By far the single most important of these is our current initiative to include substantial reductions in the projected level of American military spending as part of future deficit reduction efforts. For decades, the subject of military expenditures has been glaringly absent from public debate. Yet the Pentagon budget for 2010 is $693 billion — more than all other discretionary spending programs combined. Even subtracting the cost of the wars in Iraq and Afghanistan, military spending still amounts to over 42% of total spending. Read More Here

(NewAmericanEmpire) – Debt Deflation: A Long Economic Winter Ahead – Prof. Rodrigue Tremblay

The bond market is telling us that there could be hard economic times ahead and that deflation, for the time being, is more of a threat than inflation. Leading indicators are also pointing to possible economic weakness ahead. Read More Here

(MikeWhitney) – More Red Flags for the Economy

Bonds are signaling that the recovery is in trouble. The yield on the 10-year Treasury (2.97 percent) has fallen to levels not seen since the peak of the crisis while the yield on the two-year note has dropped to historic lows. This is a sign of extreme pessimism. Read More Here

(NECN) – Video: Mass. town will charge to keep street lights on – Video Link Here

(CharlieVLog) – Video: REALITY IS CLOSING IN

See Also: (CharlieVLog) – Video: Fast Track To The Bottom – Video Link Here

(PuppetGov.coM) – Video: America’s Controlled Economic Implosion – Video Link Here

(July 5) – Video: Alex Jones – It Feels like It’s 1932

(Bloomberg) – Sovereign Default Risk Rose 30% as European Debt Crisis Deepened, CMA Says – Read More Here

(NewsWeek) – Worse Than Wall Street – How shaky European banks could tip the world back into recession. – Read More Here

(TheEconomicCollapse) – No Jobs

Everyone knows that the United States is bleeding jobs. According to one new study, the private sector in the United States has lost 10.5 million jobs since 2007. The U.S. economy lost 125,000 more jobs during the month of June. Approximately a million frustrated American workers have simply dropped out of the employment market altogether over the past two months. But the question not enough people are asking is why so many jobs are being lost. Read More Here

(LVRJ) – WAYNE ALLYN ROOT: Barack Obama: The great jobs killer

As former President Ronald Reagan might have said, “Obama, there you go again.”

The current occupant of the White House claims to know how to create jobs. He claims jobs have been created. But so far the score is Great Obama Depression 2.2 million lost jobs, Obama 0 — a blowout. Read More Here

(TheStar) – A stock market forecast that says ‘take cover’

With the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely.

Prechter is convinced we have entered a market decline of staggering proportions – perhaps the biggest of the last 300 years. Read More Here

(SeekingAlpha) – Cecchini: U.S. Consumers in ‘Dire’ Credit Situation

Peter Cecchini, chief strategist at BGC Financial, talks to Pimm Fox about the U.S. economy and consumer credit on Bloomberg Television’s “Taking Stock.” He says that the 122% percent household debt to GDP ratio is well above the pre-1980 average of 60-80%. Just to get back to a 100% to GDP ratio, we need an additional $2 trillion of deleveraging. In the absence of income growth, you just aren’t going to get these numbers down without deleveraging. Read More Here

(RevoltOfThePlebs) – Government Math… FOR KIDS!

Did you know that you and I can create millions, billions and even trillions of numbers just as easily as the Federal Reserve? All you have to do is use your imagination. Let’s try it! Read More Here

(Infowars) – California Implodes

California is the wealthiest and most populous State in America, and Los Angeles County is the largest county in America, so both the State and LA County wield unbelievable power in Washington D.C.  The corruption in California affects you directly.

•  How would you feel if you knew your federal tax dollars were being used to finance California’s corruption?

•  You may be surprised to learn that the California State Legislators and the LA County Supervisors went to Washington D.C. to obtain the maximum federal funding for their extensive welfare, medical and illegal alien imprisonment programs, in order to claim the federal tax payer money in an end run around the other states.

•  Imagine the end of the democratic process through judicial corruption, like that in LA County, replicated in your community.

Economy

(SmirkingChimp) – Is the Depression Coming? Or Is It Here?

The FBI arrests 1,200 Americans for mortgage fraud in the largest crackdown of its kind in history. There is no media focus on the companies that securitized and insured their toxic loans. This white-collar crime sweep is, at best, a one-day story with most of the reports carried by local outlets. Read More Here

(MyBudget360) – Commercial real estate transactions collapse 90 percent from 2007 to 2009. The next taxpayer bailout in the $3.5 trillion CRE market. From $522 billion in sales to $52 billion. CRE market over 4 times the size of the entire credit card market

The massive commercial real estate market is already plaguing the weak balance sheets of banks. It is the case that each Friday, we are likely to see one U.S. bank fail because due to high levels of commercial real estate (CRE) debt on their books. This market is likely to cause the failure of hundreds of banks and put the economy down into another real estate funk. Read More Here

(July 2) – Video: Bill Still – The Secret of OZ / Solutions For a Broken Economy – Alex Jones Tv

Alex talks with Bill Still, the man behind the monetary reform documentary The Secret of Oz(available at the Infowars Store). Still’s previous films include the popular The Money Masters and Capital Crimes. The Secret of Oz won best documentary of 2010 at the Beloit International Film Festival, the Silver Sierra Award for Excellence in Filmmaking at the Yosemite Film Festival, and other prestigious awards. Part 1 Here

(PeopleManagement) – Graduate unemployment rate ‘set to hit 25 per cent’

The UK’s graduate unemployment rate could soar to nearly 25 per cent due to public-sector budget cuts, with newly qualified jobseekers outside of London the worst hit, new forecasts have predicted. Read More Here

(SacBee) – Schwarzenegger orders minimum wage for state workers

The Schwarzenegger administration today ordered State Controller John Chiang to reduce state worker pay for July to the federal minimum allowed by law — $7.25 an hour for most state workers. Read More Here

(LATimes) – Unemployment rate dips as more workers leave labor force

Employment-seekers decline by 652,000 June, which may reflect people giving up on job-hunting and a reluctance to hire. Overall, the jobless rate falls to 9.5% from 9.7%, the Labor Department reports. Read More Here

(DocumentingReality) – Starting in 2011—next year—the W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are provided – Read More Here

(ElliotWave) – Banks Continued Failure To Realise Commercial Real Estate Losses…

The massive commercial real estate market is already plaguing the weak balance sheets of banks. It is the case that each Friday, we are likely to see one U.S. bank fail because due to high levels of commercial real estate (CRE) debt on their books. This market is likely to cause the failure of hundreds of banks and put the economy down into another real estate funk. Read More Here

(AsiaTimes) – Smell of economic death

I know, alas, that there is nothing that can be done to prevent unimaginable suffering and the collapse of the economy, now that the US Federal Reserve has created so much excess money and credit, and, to make matters infinitely worse, are still doing it, more than ever! Read More Here

(Prairie2) – The Depression with no name

If Europe is serious about austerity this would be bad news for the US in several ways. Read More Here

(Money&Markets) – Double-Dip Recession Warning Signs Everywhere! Batten Down the Hatches!

The bright red warning signs of a double-dip recession are flashing everywhere. And I do mean EVERYWHERE. Read More Here

(BuzzFlash) – Wall Street is a Crime Scene, Not a Financial “Cyclical Aberration”

It’s shocking that more than 20 years after the movies “Wall Street” revealed the underlying corruption of America’s financial center, it is still difficult to get the corporate mainstream media to understand that the economic “collapse” of the last two years was a swindle and not a cyclic aberration. Read More Here

(BeforeItsNews) – House Refuses to Look At the Books – What’s Wrong With You and I Looking At The Fed and how it uses our money?

Since 1913 the actual buying power of the dollar has gone down by 95.6% – You can’t buy a gallon of gas for 8c any more. Read More Here

Climategate

(NYTimes) – Climate Scientist Cleared of Altering Data – Read More Here

(ForeignPolicy) – Whatever It Takes – Why I won’t back down on climate change – John Kerry – Read More Here

(EconomicCollapseBlog) – 50 Random Facts That Make You Wonder What In The World Has Happened To America

Our world is changing at a pace that is so staggering these days that it can be really hard to fully grasp the significance of what we are witnessing.  Hopefully the collection of random facts below will help you to “connect the dots” just a little bit.  On one level, the facts below may not seem related.  However, what they all do have in common is that they show just how much the United States has fundamentally changed.  Do you ever just sit back and wonder what in the world has happened to America?  The truth is that the America that so many of us once loved so much has been shattered into a thousand pieces.  The “land of the free and the home of the brave” has been transformed into a socialized Big Brother nanny state that is oozing with corruption and has accumulated the biggest mountain of debt in the history of the world.  The greatest economic machine that the world has ever seen is falling apart before our very eyes, and even when our politicians actually try to do something right (which is quite rare) the end result is still a bunch of garbage.  For those who still love this land (and there are a lot of us) it is heartbreaking to watch America slowly die.

The following are 50 random facts that show just how dramatically America has changed….

SEC: Government Destroyed Documents Regarding Pre-9/11 Put Options

(WashingtonsBlog) – On September 19, 2001, CBS reported:

Sources tell CBS News that the afternoon before the attack, alarm bells were sounding over unusual trading in the U.S. stock options market.

An extraordinary number of trades were betting that American Airlines stock price would fall.

The trades are called “puts” and they involved at least 450,000 shares of American. But what raised the red flag is more than 80 percent of the orders were “puts”, far outnumbering “call” options, those betting the stock would rise.

Economy

(Reuters) – Moody’s Cuts Greece Government Ratings to Junk

Moody’s on Monday downgraded Greece government bond ratings into junk territory, citing the risks in the euro zone/IMF rescue package for the debt-laden country. Read More Here

(InfoClearingHouse) – Bulging Inventory Signals Next Leg Down in Housing – Mike Whitney

Did the Federal Reserve collude with the big banks to hold millions of houses off the market until the Fed finished adding $1.25 trillion to the banks reserves? Did the Fed do this to make it appear that its bond purchasing plan (quantitative easing) was stabilizing prices when, in fact, it was the reduction in supply that stopped prices from plunging? It sure looks that way. This is from Bloomberg News: Read More Here

(HuffingtonPost) – “Dr. Death Says The U.S. Is Really, Really Sick.”

According to Roubini, for the US, the second half of 2010 will be worse than the first. US industrial capacity has fallen from 70 to 65%. Restocking depleted inventories is complete.

The United States, 25% of the global economy, can’t rein in its spending or cut debt. President George Bush inherited a surplus and went on to create the biggest deficit in US history (excepting WWII). Now, President Barack Obama is making matters worse by piling on more unsustainable debt. Read More Here

(DailyBell) – Doug Casey Revisits the Greater Depression and Explains the Realities of Investing in the 21st Century – Read More Here

(MoneyNews) – Volcker Warns: We Are Running Out Of Time

America is running out of time to fix its huge economic and fiscal problems, warns former Fed chair Paul Volcker, who now heads a financial advisory board to President Obama.

“Restoring our fiscal position . . . sorting out a reasonable approach toward limiting carbon omissions, and producing domestic energy without unacceptable environmental risks all take time,” Volcker writes in The New York Review of Books. Read More Here

(MarketWatch) – Bearish Schultz says hyperinflation may happen suddenly

Commentary: Crash-predicting letter says recovery might not come until 2028 Read More Here

(WPost) – Obama pleads for $50 billion in state, local aid

President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid “massive layoffs of teachers, police and firefighters” and to support the still-fragile economic recovery. Read More Here

(Bloomberg) – Economy in U.S. Slows as States Lose Federal Stimulus Funds – Read More Here

(PaulWatson) – Central Bank Hid Housing Market Crash Forecast

New revelations concerning how the Irish Central Bank hid data in a 2006 report indicating that a housing market crash was imminent underscores once again how financial elites covered-up signs of the coming economic turmoil in order to exploit the crisis at the expense of the people.

Months before the Irish housing market started to crumble in early 2007, which was followed by a wider collapse in the UK property market, the Irish Central Bank buried data from a crucial report which suggested that a 15 per cent fall in house prices was around the corner.

Video: Bob Chapman’s Friday Economic Report on Alex Jones Tv

(May 28) – Alex also talks with regular guest Bob Chapman, the former stockbroker who now publishes The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide.

Economy

(NYTimes) – Germany Acts Alone to Protect the Euro and Big Banks Against Speculators

On Wednesday, the government’s partial ban on so-called naked short-selling took effect, as part of Berlin’s effort to protect its biggest financial institutions and the euro currency from investors who have been betting against them. Read More Here

(EconomicPolicyJournal) – 32 States Have Borrowed from the Federal Government to Make Unemployment Payments; California Has Borrowed $7 Billion – Read More Here

(WSJ) – FDIC: ‘Problem’ Banks at 775 – Read More Here

(USAWatchdog) – FDIC Insurance Fund Still $20 Billion in the Hole – Read More Here

(NoWorldSystem) – Senate Passes Wall Street Permanent Bailout Bill, It’s a Job Killer!

The Senate passes the Wall Street Reform Bill (S. 3217) by a 59-39 vote, if it passes the House it will kill jobs by making it difficult for small businesses to succeed and it will give permanent and unlimited bailout authority for the big banks on Wall Street. It would also do nothing to solve problems in the financial system and won’t prevent the next financial crisis. Read More Here

(Fox) – Video: Congressman Paul discusses gold and the markets with Stuart Varney on Fox Business – View Video Here

(Creators) – Confiscating Your Property – John Stossel

Your life and liberty may still be safe, but have you ever gone to a government surplus auction? Consumer reporters like me tell people, correctly, that they are great places to find bargains. People can buy bikes for $10, cars for $500.

But where did the government get that stuff? Read More Here

(GlobalResearch) – The Financial Crisis as a Game of 3 Card Monte – You always think you are going to win until you lose – Danny Schechter

We live in a three card monte world. Follow the money as it moves from one shell to another. Now guess where it is. Most of us don’t know the hand can be quicker than the eye. That’s why mostly everyone who has ever been suckered into playing ends up losing except those who are allowed to win to keep the hustle going. We miss the tricks of the trade even as we swear we know where the winning card or money or ball is. Read More Here

(ImplodeOMeter) – One in Ten Mortgage Borrowers Will Lose Their Home To The Bank

New Observations is forecasting that a minimum of one in ten homes with a mortgage today will be lost to foreclosure in the next two years and that this loss represents a staggering five-million-unit addition to inventory-for-sale. Read More Here

(SilverBearCafe) – Dow’s New Highs All Lies

All pain is either severe or slight, if slight, it is easily endured; if severe, it will without doubt be brief. – Marcus T. Cicero. 106-43 BC, Great Roman Orator, Politician
As the saying goes, a picture speaks a thousand words. To be sure the charts below quite clearly illustrate that the Dow has not put in a single new high in the past 3 years. Read More Here

(Reason) – Confiscating Your Property

How asset forfeiture laws violate individual rights – Read More Here

(NakedEmperor) – Volcker Revelation: ‘Stiff’ New Tax Needed to Cover Obama Spending at 25% of GDP

“Stiff” new taxes? How about ’stiff’ new spending cuts. It’s no surprise spending like a drunken sailor (apology to drunken sailors everywhere) on shore leave isn’t sustainable. Video Link Here

(WashingtonsBlog) – Senate Passes Faux Financial “Reform” Bill

The Senate passed a financial “reform” bill today by a 59-39 vote which won’t fix any of the core problems in the financial system, and won’t prevent the next financial crisis. Read More Here

(MyBudget360) – FDIC next government trillion dollar bailout? Since January of 2000 to October of 2007 we had 27 bank failures. From January 2008 to May 2010 the FDIC has closed down 237 banks. Why 1,000 bank failures will occur before the Great Recession is over. – Read More Here

(MoneyAndMarkets) – Our SIXTH Warning: Dow in Danger!

On March 27, Mike Burnick warned you — right here in Money and Markets — that the big stock market rally of 2009-2010 “could come to a crashing end at any time.” Read More Here

(Reuters) – U.S. companies lobby Congress on derivatives-WSJ

At least 42 nonfinancial companies and trade associations are lobbying the U.S. Congress to push back on proposals that regulate the over-the-counter derivatives market, the Wall Street Journal said on Friday. Read More Here

(VancouverSun) – Wealth gap spurs revolts across Asia

Peasants left out of region’s economic miracle are rising up against their rulers, creating widespread security threats Read More Here

(Chron) – Texas leaders announce $1.2 billion in state cuts – Read More Here

(Reuters) – NYSE expects all U.S. stocks to have circuit breakers – Read More Here

(AP) – Mortgage delinquencies drag on economic recovery – Read More Here

(EconPolicyJournal) – German Finance Minister: Markets Out of Control

“I’m convinced the markets are really out of control,” German Finance Minister Wolfgang Schaeuble told  FT. “That is why we need really effective regulation, in the sense of creating a properly functioning market mechanism.”

TRANSLATION: Governments are having a difficult time controlling markets, given we have screwed things up so terribly. If we don’t control this somehow, all our plans for a one world government, ruled by us elite, will collapse. – Source: Economic Policy Journal

(NewStatesman) – Grotesque Global Financial System: Greece. Economic Theft on an Unprecedented Scale – John Pilger

As Britain’s political class pretends that its arranged marriage of Tweedledee to Tweedledum is democracy, the inspiration for the rest of us is Greece. It is hardly surprising that Greece is presented not as a beacon, but as a “junk country” getting its comeuppance for its “bloated public sector” and “culture of cutting corners” (Observer). The heresy of Greece is that the uprising of its ordinary people provides an authentic hope unlike that lavished upon the warlord in the White House.

Economy

(CSPAN) – Video: Ron Paul – Bailing out foreign governments – View Video Here

(Sky) – Video: Chinese dumping worthless DOLLARS AND EUROS for Gold

(BusinessWeek) – Video: What Good Are Economists Anyway?

Why they failed to predict the global economic crisis—and why their help is still crucial to a recovery Read More Here

(ZeroHedge) – The correction is coming and it will be a bloodbath

The correction, soon to be crash, is here: the market had a bigger relative open to close move today than it did on May 6. We closed at the day’s lows on massive volume, despite definitive central bank intervention, regardless whether it was the SNB, the ECB, or the Fed. The central planners have lost control of the market, and all thanks to the inevitable collapse of hyper capitalist Keynesianism coming out of the formerly most communist country in the world. Read More Here

(LeMonde) – The Greek People are the Victims of a Carefully Engineered Financial Extortion Racket

What is happening in Greece concerns all of us. The people are paying for a crisis and a debt that are not their own. Today it is the Greeks, tomorrow it will be others, for the same causes will produce the same effects if we allow it. Read More Here

(TimesOnline) – Euro in danger: Germans trigger panic over future of single currency – Read More Here

(ZeroHedge) – Pan-European Bank Run Is Now On: Capital Flight From UK To Switzerland, As GBPCHF Intervention Strikes Next – Read More Here

(Reuters) – Wall Street slumps on euro-zone fears

Stocks dropped on Thursday, with all major indexes sliding more than 3 percent on growing fears that the euro zone’s handling of its sovereign debt crisis could jeopardize the global economic recovery. Read More Here

(RussiaToday) – Video: Euro Collapse Looms? Engdahl on Naked Short Selling Ban

Germany’s Chancellor Angela Merkel says the Euro currency is at risk and that Europe faces its greatest challenge since the EU was formed. It comes as stock markets in Europe and Asia tumbled on the surprise news that Berlin was banning types of ’short selling’ where investors profit by betting that shares will drop in value.

Economic Headline Doom News With Links

Financial Reforms ‘Cosmetic’ , Wont Stop More Crisis : Roubini

Report: Increase in Payroll Taxes Needed for Social Security

Home Building Gains Likely to Fade with Tax Credit

Texas Doctors Opting Out of Medicare at Alarming Rate

Oklahoma : $200 Million in Delinquent Taxes Uncollectible

Hawaii Foreclosures Filing Soar 115% in April

Gov. Paterson NY Threatens Cutting 10,000 Jobs

More Store Closing Hit Grand Avenue Downtown Milwaukee Shopping Center

Small Businesses not hiring

Video: The Growing Gap Between Rich and Poor

Oyster Industry Takes Hit From Oil Spill

Why Greece Should Consider Default

Mayor Bell: Announces City of Birmingham 10% Cut in Workers Pay

Yonkers School District NY, Trying to Close $43 Million Deficit

Investors Should Avoid Banks at all Cost: Meredith Whitney

(HousingWire) – FBI Mortgage Fraud Investigations Jump 400% in Five Years

FBI investigations of mortgage fraud increased 400% in 2009, compared with five years earlier, according to an Office of Thrift Supervision (OTS) report on fraud and insider abuse (download here). Read More Here

(Bloomberg) – Jobless Claims in U.S. Unexpectedly Increase as Dismissals Remain Elevated

More Americans unexpectedly filed applications for unemployment benefits last week, showing firings remain elevated even as employment climbs. Read More Here

(Reuters) – Greek strikers march on parliament against austerity

Thousands of striking Greeks marched peacefully to parliament on Thursday in a protest against government austerity measures that was much smaller than a huge rally that led to rioting on May 5. Read More Here

(WebsterTarpley) – Tentative First Steps in Europe’s Self-Defense Against Zombie Bankers and Hedge Fund Hyenas

Germany and Europe have now made some promising initial steps in the direction of their necessary self-defense against the depredations of those zombie banks and hedge fund hyenas who have been organizing a massive speculative attack on Greece, Spain, Portugal, and Italy with a view to destabilizing the euro and perpetuating the world hegemony of the troubled US dollar. Read More Here

(ZeroHedge) – Video: Live Feed From Athens As 100,000 Greeks Go On Strike, Consider Storming Parliament Again

The last time Greeks were shown to be storming their parliament on live TV, we got a 1,000 point drop on the Dow Jones. Today, another 100,000 protesters of austerity are expected to hit the streets as the entire country is essentially shut down. View Live Here

(BusinessInsider) – MARKETS CRUSHED: FLASH CRASH THURSDAY 2.0? – Read More Here

Video: Celente – 2010 Year of the Bubble

Trends forecaster predicts the complete collapse of the dollar. – Video Link Here

(GoldScents) – FOCUS ON WHAT MATTERS

I know this is hard to do, especially when one is weathering draw downs. And of course a liberal dose of gloating from the bears during these times doesn’t help either. But let’s not get sidetracked by the little things and let’s face it, the haters are going to show up every time gold corrects. We really should be used to that by now. They’ve been doing it for 10 years. Read More Here

(TheLoomingDoom) – Superhyperinflation Just Around The Corner

The Looming Doom has learned leading experts are advising the Obama Administration that the U.S. is poised to experience the most painful economic cycle of all: the Super-Hyper-Inflation Trauma (SHIT). While there is yet slight division amongst the experts as to whether the U.S. is already in SHIT or not, once the U.S. is fully in deep SHIT, there is no quick fix. Furthermore, if the SHIT is too deep, the economy may never recover.

Audio: May 13th Rense Show Audio Archive

Rense with Gerald Celente on BPs Oil Gusher and Market Manipulations – Audio Download Here

Rense with Walter Burien – Is America Really Broke? – Audio Download Here

(World Exclusive) Rense with Ernst Zundel – First Radio Interview – Audio Download Here

Video: Max Keiser Reveals 1000 Point Plunge was Digital Financial Terrorism on Alex Jones

(May 10) – Alex talks about the recent plunge of the Dow and other financial issues with film-maker, broadcaster and former broker and options trader Max Keiser. Max is the host of On the Edge and the financial tabloid the Keiser Report. Keiser formerly hosted The Oracle with Max Keiser on BBC World News.

Economy

(SkyNews) – Bid To Storm Irish Parliament Foiled

Protesters have clashed with police as they tried to break through the gates of the Irish parliament during a march against bank bailouts. Read More Here

(AmericanThinker) – The Failure of the Unfree Market

What we have here is the failure of the unfree market. That means the failure of Greece. And the other PIGS (Portugal, Italy, Greece, Spain). And Europe. And it means the U.S., too. It even includes the Great Recession. The modern welfare state is collapsing around us. Read More Here

(SteveWatson) – New UK Government To Be Infested With Bankers

One in ten new MPs has background in international banking Read More Here

(SteveWatson) – UK Economy May Be Allowed To Crash And Burn Like US Banking Giant

Analysts, Economists: Britain May Become Lehman To Greece’s Bear Stearns Read More Here

(Reuters) – Food-stamp tally nears 40 million, sets record – Read More Here

(FoxNews) – World Health Organization Moving Ahead on Billions in Internet and Other Taxes

The World Health Organization is moving full speed ahead with a controversial plan to impose billions of dollars in global consumer taxes on such things as Internet activity and everyday financial transactions like paying bills online — while its spending soars and its own financial house is in disarray. Read More Here

(GlobalResearch) – “Drop Dead Economics”: The Financial Crisis in Greece and the European Union – Michael Hudson

Riddle: How are the Greek rioters like America’s Tea Party movement?

Answer: Both reject government being taken over by the financial oligarchy to shift the tax burden onto labor. Read More Here

(USNews) – U.S. Cancer Costs Double in Two Decades

Study also finds that private insurance pays greater share today Read More Here

(PaulWatson) – Tea Party Clueless About U.S. Tax Dollars Funding Bailout Heist

Silence from anti-tax movement on bailouts is deafening – and dangerous Read More Here

(WashingtonsBlog) – The European Bailout: Not a Very Promising Start

Many people have written insightful criticisms of the European bailout. For example, Tyler Durden, Joe Weisenthal and Gregory White point out that the French banks are the real winners of the bailout (but don’t forget JP Morgan).

Ron Paul points out that the Fed opening its swap lines to Europe violated its promise to Congress not to do so. Paul also says the bailout will help lead to the destruction of all fiat paper currencies, ensuring that “gold will rule the roost”. Read More Here

(House.gov) – The Fed Is Using Its Cronies And Lobbyists To Stop Us From Auditing It – Ron Paul

It doesn’t come as too much of a surprise that the measure to audit the Federal Reserve is coming under continuous fire from the central bank and its cronies. For the first time since the Federal Reserve was created nearly a century ago, they have hired an actual lobbyist to pound the pavement on Capitol Hill. This is a desperate effort to hang on to the privilege of secrecy and lack of accountability they have enjoyed for so long. Last week showed they are getting their money’s worth in the Senate. Read More Here

(WSJ) – Did a Big Bet Help Trigger ‘Black Swan’ Stock Swoon?

Shortly after 2:15 p.m. Eastern time last Thursday, hedge fund Universa Investments LP placed a big bet in the Chicago options trading pits that stocks would continue their sharp declines.

On any other day, this $7.5 million trade for 50,000 options contracts might have briefly hurt stock prices, though not caused much of a ripple. But coming on a day when all varieties of financial markets were deeply unsettled, the trade may have played a key role in the stock-market collapse just 20 minutes later. Read More Here

(Reuters) – Gold rises above $1,220 on euro zone debt fears

Gold hit five-month highs on Tuesday, rising to within $5 of its December record peak as risk aversion returned on doubts over smaller euro zone countries’ ability to cut their deficits despite a $1 trillion aid package. Read More Here

(BusinessInsider) – Gold Is On Fire, As Market Sneers At Euro Bailout

Along with the overall market malaise, the other big warning sign right now is the gold surge. The metal is now nearly $1220/oz. As Stacy Herbert puts it: The gold vigilantes are in a shootout with the ECB and the Fed. Read More Here

(GoldTrends) – Brother Can You Spare a Trillion?

In a nutshell they will buy bonds and will intervene in markets and “do what they have to” in order to avoid a meltdown. This is akin to the USA bailout of 1 Trillion dollars. This will only buy time, but it is all that can be done right now. For the moment the term being touted this Monday morning is “putting a floor on risk assets”. This time they mean stocks and bonds and not commodities. Read More Here

(Goldseek) – Where’s my Government Check

Reading the financial press, I recently noticed that of the 139 million workers in the Bureau of Labor Statistics household survey of workers, 47 percent don’t make enough to file and pay federal taxes beyond any collected social security tax. This means that out of a population of 310 million Americans, only 74 million (about 24 percent) pay federal taxes on April 15th. Read More Here

(ZeroHedge) – European Banks Now Feverishly Betting Against Euro, As Bailout Fails, Gold Surges – Tyler Durden

Thought experiment: You are the head FX trader at French megabank Croc Monsieur & Cie. (HFT: CMC) For the past 5 years, your bonus has been getting paid primarily in company stock. In the last two weeks you have seen the stock of your firm plunge as the markets have finally realized that those idiots in the Fixed Income desk have loaded up to the gills with PIIGS debt which is now worth 60 cents on the dollar at best. And to top things off, the euro has plunged to multi year lows killing any chance of buying that New York Pied A Terre which seemed so cheap when the EURUSD was 1.50 a few months ago. So what do you do? Well, you short the living daylights out of the EUR, knowing full well that the EU, the IMF and the ECB will not let Europe crash. You sell, you sell on margin and then you sell some more, trying to get EURUSD all they way down to 1.20, to 1.10, even to parity if possible, to make it all that more believable that the end of Europe is coming. Read More Here

If Marijuana Production Were Legal: Projected Tax Revenues, by State

Love it or hate it, people smoke marijuana – lots of it. In some states marijuana consumption and possession have been decriminalized, and even legalized for medicinal purposes. But, have you ever wondered how large the economics of Marijuana were? Us too. As a result ,have decided to put together this graphic, which illustrates the popularity of marijuana consumption, the federal tax dollars spent to keep marijuana illegal, and the possible tax revenues that could be generated if marijuana production were legalized and taxed like any other agricultural product. Read More Here

(RussiaToday) – Video: Alex Jones on Greece: It’s Robbery, Not Bailout!

Greece has kick-started talks on implementing its new economic austerity measures despite warnings of new union rallies. The plans will see pensions slashed and the retirement age increased. The measures were a pre-requisite for an international loan to pluck the country from the brink of bankruptcy. But investigative journalist Alex Jones says the bailout is a crime and will only hit tax payers even harder in the pocket.

(Infowars) – Video: Webster Tarpley Predicts End of The EURO on Alex Jones Tv

Part 1 of 2

Video: Gerald Celente On The Alex Jones Show – Stock Market; War; Terror

Part 1 of 8 – “The merger of state and corporate powers is called fascism” –

Video: Patriot Icon Red Beckman Breaks Down The Fall of American Society on Alex Jones TV

In This Segment Alex covers the 1000 point drop of the stock market in real-time

(May 7) – Alex talks with activist Red Beckman, father of the Fully Informed Jury Association and co-author of The Law That Never Was: The Fraud of the 16th Amendment and Personal Income Tax.

Economy

(RussiaToday) – Video: World economies in depression – Webster Tarpley – View Video Here

Video: Letterman – Brian Williams On The Stock Market Collapse – View Video Here

(Fox) – Video: Ron Paul on FOX News – “This is a currency crisis” – Video Link Here

Video: Senate Sellout Threatens Ron Paul’s Audit the Fed Bill – View Video Here

(AFP) – Merkel blasts ‘treacherous’ banks in Greek crisis

German Chancellor Angela Merkel on Thursday slammed “treacherous” practices by banks during the Greek crisis and said governments must crack down on speculators hunting profits in the turmoil. Read More Here

(GlobalResearch) – The Global Economic Crisis, The Great Depression of the XXI Century – Michel Chossudovsky

The following text is the Preface of The Global Economic Crisis. The Great Depression of the XXI Century, Michel Chossudovsky and Andrew Gavin Marshall (Editors), Montreal, Global Research, 2010, which is to be launched in late May.

Each of the authors in this timely collection digs beneath the gilded surface to reveal a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people’s lives. Read More Here

(C-SPAN) – Video: Ron Paul – Money Isn’t Worth What It Used To Be! – View Video Here

(Infowars) – Video: Bankers Laughing All the Way to the Bank

The ‘Audit the Fed’ bill has been watered down by Senator Bernard Sanders right at the last minute (a common strategy: pretend to be a populist, then at the last minute, the politician “gives in” in the spirit of compromise). The Audit the Fed bill could go to vote in the Senate any day now. View Video Here

(Infowars) – Video: Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones TV – View Video Here

(StraitsTimes) – Romania braces for austerity

ROMANIA braced on Friday for a wave of protests after the president unveiled austerity cuts in public sector wages and pensions to meet a deficit target set by the IMF and avoid a Greek emergency scenario. Read More Here

(CNSNews) – Sen. Shelby: Financial Reform Violates Privacy

Sen. Richard Shelby (R-Ala.), senior Republican on the Senate Banking Committee, said that provisions in the new financial regulatory bill violate privacy rights by allowing the government to collect any financial information it wants from any financial institution it wants. Read More Here

(GlobalResearch) – Economic Slash and Burn: Greece’s Deadly Austerity Measures

The Greek government, and its citizens, are feeling the economic pinch. A brutal reaction to protestors who fear the winding back of the country’s social system has stunned visitors and the public alike. A general strike has been in progress that has crippled schools, hospitals, airline flights and ferries. Protestors have swarmed around the central square in front of Parliament. Read More Here

(USAWatchdog) – The Canary is Dead

In the early days of coal mining, canaries acted as a warning that odorless poisonous gas was present. If there was a dangerous gas build-up, the canary would be the first to keel over. You can use the “canary in a coal mine” metaphor to describe the situation in today’s financial world. Greece is the canary. Read More Here

(BusinessInsider) – The “Real” Unemployment Rate Jumps To 17.1%

The BLS’s U-6 number, which is sometimes called the “real” unemployment rate, because it takes into discouraged workers who aren’t looking for work ticked up in April from 16.9% to 17.1%. Read More Here

(Bloomberg) – SEC Probes Whether Shock Stock Plunge Exploited Illegally

U.S. regulators plan to examine whether securities professionals triggered yesterday’s stock- market plunge or exploited the turmoil to profit illegally, two people with direct knowledge of the matter said. Read More Here

(Xinhua) – Greek protesters encircle parliament as new austerity measures approved

Tens of thousands of Greek citizens marched in the center of Athens on Thursday afternoon, encircling the parliament building, while inside the bill on the new austerity measures was approved. Read More Here

(BusinessInsider) – Amazing Audio From The S&P 500 Pits As The Market Goes Into Complete Collapse – Audio Link Here

(PrisonPlanet) – Audit the Fed Amendment Modified – Allows Fed To Keep Secrets

Ron Paul just posted the following message on Facebook:

Ron Paul: “Bernie Sanders has sold out and sided with Chris Dodd to gut Audit the Fed in the Senate. His “compromise” is what the Administration and banking interests want: they’ll allow the TARP and TALF to be audited, but no transparency of the FOMC, discount window operations or agreement with foreign central banks. We need to take action and stop this!” Read More Here

(Neithercorp) – Economy Kept On Life Support While Global Governance Is Organized

While the mainstream media puts on the recovery song and dance, the fundamental problems of the collapse remain the same, and in some cases are growing ever more precarious. Subsections of the public, unaware of the real issues at hand, are holding a misguided jubilee in the tranquil eye of a hurricane, wrongly assuming that the storm has passed. Read More Here

(FireDogLake) – As Dow Swings, Obama To Come Out Against Audit the Fed Today – Read More Here

(Bloomberg) – Video: Marc Faber On Dow Plunge

“The governments are all bankrupt and they can only survive by printing money” – View Video Here

(PaulWatson) – EU Is Collapsing Like Tower Of Babel

But World Bank and IMF vultures are lying in wait to feed on the remains of Greece

Video: Murder of the Internet and the Free Market

(Infowars) – The Internet is an effective source of information for many Americans, therefore, the attack on the free Internet is in full force, from numerous angles. Unless people wake up and demand freedom, it will be lost. As usual, the collectivists are using fear in order to sway the public to embrace their predetermined outcome.

Economy

(OftWoMinds) – Tyranny of the Majority, Corporate Welfare and Complicity

When 60% of the employed citizenry pay no Federal income tax, then the nation is in danger of sliding into the Tyranny of the Majority: we vote for more largesse, and you pay more tax. Complicity has consequences. Read More Here

(RollingStone) – Looting Main Street: How the Nation’s Biggest Banks are ripping off American Cities – Matt Taibbi – Read More Here

(TampaBay) – A bailout for news? Read More Here

(HeraldNet) – Senate expected to approve $667 million tax bill today

New sales taxes on candy, beer and bottled water would start in June, and on carbonated beverages in July Read More Here

(InnWorldReport) – Risk of Japan going bankrupt is real, say analysts – Read More Here

(FinancialTimes) – Soros warns Europe of disintegration

The eurozone area and wider European Union is now “on the brink” of disintegration unless Germany steps up and provides loans at below-market rates to Greece, George Soros, the hedge fund manager, has warned. Read More Here

(DiamondBack) – Depressed about our future

America is broke. We Americans have spent the last 15 years borrowing money for consumption instead of investment. Because of our high levels of debt, several prominent economists, including Gerald Celente — who predicted the collapse of the Soviet Union, the housing bubble and the tea parties — and Peter Schiff — who predicted both the NASDAQ bubble and the housing bubble — are predicting a coming collapse that will dwarf the housing bubble. Read More Here

(VancouverSun) – Thousands protest Quebec tax hikes

Thousands of protesters whom organizers described as members of Quebec’s “silent majority” demonstrated peacefully Sunday in front of the provincial legislature against tax hikes in the recent provincial budget. Read More Here

(C4L) – The Insanity of Government ‘Reform’

Albert Einstein’s definition of insanity — repeating something and expecting different results — is known to nearly everyone. Yet mere knowledge of this definition apparently has not kept the “best and the brightest” among us from becoming its practitioners. Read More Here

(InternationalForecaster) – Intervention Is Prolonging Economic Problems For Years – Bob Chapman

Banks only saved themselves not the economy, Greece singled out in the credit default crisis, the plan for a deflationary depression, every nation is in trouble, Greece now in a situation to default, banks continue to mislead, the floodgates open for lobbyists and special interests, lending costs climb, net neutrality suffers by a court ruling, Internet downgraded by court ruling Read More Here

Video: Ron Paul’s Texas Straight Talk – April 12, 2010 – Video Link Here

(AlterNet) – The Preposterous Reality: 25 Hedge Fund Managers Are Worth 680,000 Teachers (Who Teach 13 Million Students)

“It’s going to take a lot of political will — over a long period of time — to reorder our most basic economic values.”
In 2009, the worst economic year for working people since the Great Depression, the top 25 hedge fund managers walked off with an average of $1 billion each. With the money those 25 people “earned,” we could have hired 658,000 entry level teachers. (They make about $38,000 a year, including benefits.) Those educators could have brought along over 13 million young people, assuming a class size of 20. That’s some value. Read More Here

(InfoClearingHouse) – The Inverse Relationship Of The Real Economy And The Stock Market In USA

Just the other day, a man who has been in business and has also been in commercial real estate said that he was mystified as to why the “economy is in recovery, but we aren’t seeing any evidence of it in business or commercial real estate.” I explained to him that the STOCK MARKET WORKS IN AN INVERSE RELATIONSHIP TO THE TRUTH ABOUT OUR ECONOMY. THE TRUTH IS THAT MOST OF THE TIME WHEN THE STOCK MARKET IS UP, IT IS AT THE EXPENSE OF WORKERS AND THEIR JOBS. IF YOU DON’T BELIEVE ME, THEN READ ON, PLEASE. Read More Here

(DailyMail) – Outrage as British Taxpayers Face £600 Million Bill to Fund EU Bail-Out of Greece’s Sinking Economy

Greece was last night handed a generous national bailout by its euro partners which will end up costing British taxpayers more than £600million a year. In a move aimed at shoring up dwindling confidence in the stricken country, the 16 eurozone members announced they would lend 30billion euros this year alone. But another cash injection from the International Monetary Fund means Britain will have to pay part of a further £13billion bill to prop up Greece in the money markets. Read More Here

(DailyWealth) – Spend It Now! A Huge New Tax Is Coming…

Everything you buy is about to become 20% more expensive…

I’m not kidding. The latest idea out of Washington is to pay for its insatiable appetite for spending with what’s called a “Value-Added Tax.” Read More Here

(NYPost) – Metal$ are in the pits – Trader blows whistle on gold & silver price manipulation

The banks, which do the Federal Reserve’s bidding in the metals markets, have long been the government’s lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association. Read More Here

Video: Collapse Of Society – Chaos In The Making

CFTC whistleblower injured in London hit-and-run

(Gata) – London metals trader Andrew Maguire, who warned an investigator for the U.S. Commodity Futures Trading Commission in advance about a gold and silver market manipulation to be undertaken by traders for JPMorgan Chase in February and whose whistleblowing was publicized by GATA at Thursday’s CFTC hearing on metals futures trading — http://www.gata.org/node/8466 — was injured along with his wife the next day when their car was struck by a hit-and-run driver in the London area. Read More Here

Video: 2nd American Revolution Update, The Information WAR and Crony Socialism

Economy

(WSJ) – U.S. Is Riskier Than Euro Zone; So Says CDS Market

Something troubling has occurred in the market for default protection on the debt of the world’s biggest borrower. Read More Here

(WSJ) – Treasurys Sink After Poor Sale

Treasury prices fell hard after a poor five-year auction that escalated concerns about the government’s ability to sell its massive amounts of debt. Read More Here

(KCTV5) – Folger’s To Close KC Coffee Plant

The J.M. Smucker Company announced Wednesday it will close its Kansas City Folger’s Coffee plant in the summer of 2012. Read More Here

(RussiaToday) – Video: Lehman Brothers: Warehouse for junk loans – View Video Here

(TheSun) – CHANCELLOR Alistair Darling has delivered his last crucial budget — and plunged the country further into debt. – Read More Here

(BusinessInsider) – JP Morgan Paid $1.9 Billion For Washington Mutual And Now It Wants A $1.4 Billion Tax Refund

JPMorgan Chase is negotiating with the FDIC for a tax refund related to its acquisition of Washington Mutual that could amount to $1.4 billion, The Wall Street Journal is reporting this morning Read More Here

(DailyTelegraph) – Gordon Brown told to explain why he sold Britain’s gold reserves

Gordon Brown has been ordered to release information before the general election about his controversial decision to sell Britain’s gold reserves. Read More Here

(Bloomberg) – Poll Reveals Americans Hate Wall Street

Americans are leery about creating a new federal agency to make consumer-protection rules for mortgages and credit cards and would prefer to enhance the existing powers of banking regulators. Read More Here

(Bloomberg) – States Sue Over Overhaul That Will Bust State Budgets

President Barack Obama faces a fight over the health-care overhaul from states that sued today because the legislation’s expansion of Medicaid imposes a fiscal strain on their cash-strapped budgets. Read More Here

(WallStreetJournal) – Economic Stimulus Bill May Give J.P. Morgan a Tax Refund of $1.4 Billion

J.P. Morgan Chase & Co. is nearing a deal that would allow it to benefit from a tax refund of as much as $1.4 billion, becoming the latest company to tap a little-noticed plank in an economic stimulus bill. Read More Here

(GlobalResearch) – Social Inequality in America: Widening Income Disparities

The “aristocracy of our moneyed incorporations” has never conceded a thing, not even to suppress a revolt. This “opulent minority” does not “give” what it does not intend to begin to claw back with its cold, non-living corporate “hand” before the ink is dry on the signatures on treaties, the Fourteenth Amendment, even the New Deal, perhaps the greatest bowl of gruel ever cooked up by an oligarchy. Read More Here

(EpochTimes) – Most Japanese Airports in Debt, Face Closure

The majority of Japanese airports are facing serious financial problems and may be forced to close unless they attract more passengers, according to a Japanese Ministry of Transport survey, reports the Japan Times. Read More Here

(FinancialArmageddon) – Is the stock market being manipulated?

Larry Doyle, a long-time Wall Street veteran and publisher of the Sense on Cents blog, hosts a Sunday night show, “No Quarter Radio’s Sense on Cents with Larry Doyle,” on Blog Talk Radio. In this week’s edition, which features an interview with Phil Davis of Phil’s Stock World, Larry raises a question that a few of us, who are amazed at and unsettled by the willingness of investors to throw caution to the wind and repeat the mistakes of the past (see “Back Buying the Same Kind of Crap” for one example), have occasionally wondered about ourselves: Read More Here

(MyBudget360) – How the Middle Class Slowly Evaporated in the Last 40 Years

Loss of Manufacturing, Bank Deregulation, Hyper Consumption, and Short-term Profit Seeking from Wall Street Read More Here

(DailyBell) – Global Economy Spins Out of Control? – Read More Here

(Spiegel) – German Shipping Faces Wave of Financing Problems

As recently as 2008, container ships were transporting record amounts of products across the world’s oceans. Now, many German shipping companies are struggling to pay for the vessels they ordered during the boom. Their banks could be in trouble, too. Read More Here

(CSPAN) – Video: Ron Paul Vs Tiny Tim Geithner-You Got Us In A Bigger Mess – View Video Here

Carbon market chaos strikes again

What a surprise: The free-market-that-is-not-free leaps from one scandal to the next. In a real free market where salesmen sell something real, and buyers buy something they want, people can’t get away with cheating, or not for long.

Economy Kept On Life Support While Global Governance Is Organized

(NeithercorpPress) – Winter is slowly melting away here in the U.S., and Spring will soon be upon us. Wall Street is currently flush with delight at the year long run of the stock market (driven by fiat bailouts), which at first glance appears to be doing quite well, though international incidences such as those in Dubai and Greece have revealed how shaky the market actually is in the face of any unhealthy news. In the meantime, the dollar, recently on the edge of detrimental value loss, has made a semi-miraculous recovery in the span of a few months, especially as the Euro suffers. Official employment numbers, despite the continuous loss of jobs monthly, have somehow fallen and are for the moment stabilized. Is it time for America to dust off the old credit cards and return to the wild and rollicking carefree spending days of pre-2007? Perhaps not…

MSM: Collapse of the American Empire: swift, silent, certain

(MarketWatch) – Commentary: Historians warning of a sudden ‘thief at night,’ an ‘accelerating car crash’
“One of the disturbing facts of history is that so many civilizations collapse,” warns anthropologist Jared Diamond in “Collapse: How Societies Choose to Fail or Succeed.” Many “civilizations share a sharp curve of decline. Indeed, a society’s demise may begin only a decade or two after it reaches its peak population, wealth and power.”

Climategate

(CanadaFreePress) – Our glaciers are growing, not melting – More falsehoods from Al Gore

“Almost all of the ice-covered regions of the Earth are melting — and seas are rising,” said Al Gore -in an op-ed piece in the New York Times on February 27.
Both parts of Gore’s statement are false. Read More Here

(CanadaFreePress) – Carbon Market Collapse Brings Gore Out Of Hiding

We should ignore Al Gore’s bizarre Op-Ed in, where else, the New York Times, but it needs analysis because it includes all the standard errors that entrap and confuse most people.

It also exposes him as a real hypocrite in his own words. The title “We can’t wish away Climate change” illustrates how little Gore knows or understands. No, we can’t wish it away because it has and will always exist.

Climate Change Is Normal

Just 20,000 years ago massive glaciers covered much of North America, Europe and Asia. Figure 1 shows most of the ice covering the land of the Northern Hemisphere. Read More Here

(Telegraph) – Barcelona hit with heaviest snowfall in 25 years

Schools were closed, roads were blocked and power was knocked as Barcelona was hit with its heaviest snowfall in 25 years. Read More Here

Video: How Goldman Sachs runs the government!

When it comes to Goldman Sachs there is no free Market.  This video is a visualization of Matt Taibbi‘s “The Great American Bubble Machine”  – It has been cut down slightly to fit the 10 minute time constraints.

Economy

(OpEdNews) – The Moral Problem of Neocons like Bunning Who Love to Cut Off Poor Peoples’ Living

The problem with neocons is that they think ‘civilization’ ENDS at the threshold of the “free market” (right wing code for the “economic law of the jungle: the predatory cult of enriching oneself at others’ expense”) Read More Here

(CNN) – USPS to propose 5-day mail schedule, major cuts

The U.S. Postal Service plans to propose Tuesday an adjusted mail service schedule, which will likely cut Saturday delivery. The agency will also suggest closing some branches and expanding its use of self-service kiosks in grocery stores and other popular retail spots, as part of its effort to work its way out of a mountain of debt. Read More Here

(BayNews9) – Medicare payment reductions worry doctors, patients

March begins with a financial blow for doctors, who are facing a major reduction in Medicare payments. Read More Here

(RussiaToday) – Video: US economy may take another hit; California faces bankruptcy questions – Video Link Here

(SOTT) – A Titanic Budget in an Ocean of Icebergs: Will the USS Budget Go Down?

If there were a prize for worst headline of the week, even the month, it would surely go to a February 23rd piece in the New York Times headlined online: “Gates Calls European Mood a Danger to Peace.” The bellicose “mood,” so undermining of global peace that our secretary of defense had to go after it, was (according to Brian Knowlton of the Times) the “public and political opposition to the military” spreading across Europe. Who wouldn’t react similarly in the face of such an unnerving phenomenon? After all, should it grow stronger, peace on Earth will surely prove a chimera. Read More Here

(SavannahNow) – Senate leader predicts ‘massive layoffs’

Senate Majority Leader Chip Rogers announced Monday morning that “massive layoffs” will be one result in how the legislature copes with a roughly $1 billion shortfall in expected revenue for next year’s budget. Read More Here

Denninger: Let’s Cut the Crap — We Are in a Depression Right Now

(SHTFPlan) – So let’s cut the crap – we are in a Depression right now.  We are pretending we are not, just like you can pretend you didn’t really lose your job so long as your credit card does not reach its limit.  We have been in that depression for about 18 months and there is no evidence that we will exit it, as we have yet to find a way to pull back the deficit spending without an instantaneous collapse in the economy.

MSM: Pretending We Are Not in a Depression

(MarketTicker) – I’m going to write today about a very somber subject. It will be, as it usually is here in one form or another, about math.

First, some background. If you believe that we have “escaped” from the mess that gripped this nation in 2008 and 2009, or that said mess “suddenly appeared” and “nobody saw it coming”, stop reading now and have your Thorazine dosage checked. It’s way off.

Economy

(CanadaFreePress) – Greece’s Financial Crisis and the Myth of Modern America

I have been hearing a lot of chatter recently in coffee shops and lunch restaurants about the financial crisis in Greece. As I eavesdrop, the impression I get is that people are trying to convince themselves the problem is “over there.” They discuss how Greece could have avoided the situation and debate what they should do now. So naturally it is an isolated, country-specific problem “over there,” right? Read More Here

(Gata) – Adrian Douglas: CFTC admits hiding info exposing market manipulation

Recently while reviewing the bank participation reports (BPR) released each month by the U.S. Commodity Futures Trading commission I noticed that, since November 2009, in silver and in some other commodities the CFTC has stopped listing the number of banks that hold positions. Read More Here

(DailyCaller) – Record numbers receive food stamps as USDA turns blind eye to recipients’ finances

Food stamp distribution has skyrocketed since the U.S. Department of Agriculture renamed the program Supplemental Nutrition and Assistance Program (SNAP) in 2008 and began pushing states to give federal food aid to people without verifying their finances. Read More Here

(Lansner) – O.C. has 13 months of unlisted foreclosures

Irvine-based John Burns Real Estate Consulting Inc. made national news this past week with a study showing that a new wave of foreclosures will hit the U.S. housing market in the next few years. Read More Here

(ComingDepression) – Canadian housing haven myth collapsing

Canada is quickly becoming much worse off than the US was (in terms of house prices to income levels) before their bubble burst. House prices in the US are much lower on average than Canada and they have higher incomes with lower taxes, so how is this sustainable in Canada then? Read More Here

(CNBC) – Dr Doom: China Will Drag Down US Stocks By 20%

In a rare interview, one of the Street’s most influential strategists sounded the alarm about the next leg down. Read More Here

(Reuters) – Bad economies in states to worsen: governors

The already gloomy conditions of states’ economies are set to worsen, according to preliminary survey findings from the National Governors Association released on Saturday Read More Here

(AP) – Banks in Calif., Ill., Fla., Texas are shut down

Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures last year in the worst financial climate in decades. Read More Here

(MSNBC) – Millions of unemployed face years without jobs

Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits. Read More Here

(NYTimes) – The Fat Lady Has Sung

A small news item from Tracy, Calif., caught my eye last week. Local station CBS 13 reported: “Tracy residents will now have to pay every time they call 911 for a medical emergency. But there are a couple of options. Residents can pay a $48 voluntary fee for the year, which allows them to call 911 as many times as necessary. Or there’s the option of not signing up for the annual fee. Instead they will be charged $300 if they make a call for help.” Read More Here

(RevolutionaryPolitics) – 1001 Reasons to Own Gold

Tracking the numerous ongoing bullish factors for gold is quite a chore. There are, quite literally, so many compelling arguments for holding our favorite metal that I used to catalog them each month in our letter. Read More Here

(YesMagazine) – Campaigning for State-Owned Banks

The public bank concept is gaining ground on the state level, attracting proponents across the political spectrum. Read More Here

(WSJ) – Credit-Card Fees: the New Traps

A new federal credit-card law that takes effect Monday could erase billions of dollars a year in fees and interest charges paid by consumers. But card issuers are already deploying new tactics that could prove costly for even the most cautious cardholder. Read More Here

Video: ALERT – U.S. Depression Breadline Hits New RECORD! – View Video Here

Video: A Cruel Waste of Your Tax Dollars – View Video Here

(Telegraph) – So where did all the money go?

It is all too easy to lose track of the amount of cash poured into the economy by the British authorities in order to support banks and prevent a repeat of the Great Depression. Read More Here

(Guardian) – RBS braced for bonus row with planned £1.3bn payout

Loss-making Royal Bank of Scotland is braced for a row over City pay next week when it is expected to admit that its bonus pot for 22,000 investment bankers has reached £1.3bn – against last year’s £1bn. Read More Here

Video: Ron Paul – Allow The Free Market, Not The Fed, To Set Interest Rates

In his latest appearance on CNBC, Ron Paul explains to ‘In Fed We Trust’ author and Bernanke apologist David Wessel why we should end the Federal Reserve’s power to set interest rates and engage in central economic planning. Wessel concedes that the Fed has been too secretive for its own good and has become the victim of public anger against bank bailouts. He goes on to perpetuate the myth that we live in a ‘capitalist democracy’ and that such an organization needs an ‘independent’ central bank. Ron Paul counters that the system is already thoroughly politicized and that we don’t have true capitalism, but crony capitalism and economic interventionism.

Real, Uglier American Unemployment

(GlobalResearch) – Can you trust national averages? As bad as the jobless data you hear are, you have not been told the whole truth. If you think the terrible impact of America ’s Great Recession is shown by an official unemployment rate of about 10 percent, think again.

Exclusive: The Bank Of England Engaged In Flagrant Gold Manipulation In The Interwar Period Via The New York Fed; Does History Repeat Itself?

(ZeroHedge) – An article written by University of Tennessee professor John R Garrett, “Monetary Policy and Expectations: Market-Control Techniques and the Bank of England, 1925-1931“, which describes in exquisite detail the gold falsification measures undertaken by the Bank of England in the interwar period in order to impact interest rates in a favorable direction, performed with the full criminal complicity of the Federal Reserve Bank of New York, may mean paranoid “gold bugs” could soon be forever absolved of their “tin hat” wearing status as outright gold, and other data, manipulation by a major central bank is now proven beyond doubt. The implications regarding the possibility of comparable deceitful and treasonous acts by modern central bankers are staggering.

Economy

(Bloomberg) – Marc Faber Discusses Global Financial Markets – View Video Here

(SHTFPlan) – Economic Anarchy: Be Prepared For a Massive Meltdown

An economic calamity is brewing, and as Brian at Survive Right points out, “ the articles are becoming more urgent, more prevalent and from more mainstream sources.” The collective consciousness senses that something is not as it’s supposed to be. Read More Here

(CommodityOnline) – Gold price will surge to $5,000 in two years

Gold Prices will climb to $5,000 within two years due to US dollar weakness and significant buying by players in the hedge fund industry looking to preserve the value of their funds. Read More Here

(WhiskeyNGunPowder) – Secession as a Solution to the Washington Debt Threat

Frédéric Bastiat must have been looking toward the future of the United States today when he said, “When plunder has become a way of life for a group of people living together in society, they create for themselves in the course of time a legal system that authorizes it, and a moral code that glorifies it.” Read More Here

Really Depressing Jobs for the Economically Depressed

As the Modern Economic Depression continues to expand and unemployment rises, job seekers struggling to make ends meet have increasingly ventured into hazardous occupations they are often ill-equipped to safely navigate. Read More Here

(AdBusters) – Chris Hedges: Zero Point of Systemic Collapse

We stand on the cusp of one of humanity’s most dangerous moments. Read More Here

(MyBudget360) – Commercial Real Estate Collapse Bigger than Subprime Implosion

Why is the Market Ignoring the $3.5 Trillion Commercial Real Estate Market Implosion? Pricing in Another Bailout Read More Here

(MoneyNews) – Laffer: Obama Budget Is Plan for Catastrophe

Economist Arthur B. Laffer, head of the Office of Management and Budget under President Ronald Reagan and founder and chairman of economic research and consulting firm Laffer Associates, says President Barack Obama’s proposed budget “is the perfect plan for catastrophe.” Read More Here

(NeitherCorp) – With A Deficit Like Ours, Who Needs Enemies…?

For decades, spurred by the alluring snake oil sales pitch of Keynesian Economics, U.S. financial analysts and Wall Street investors have operated on the assumption that indeed, “greed is good,” but debt… debt is better. Read More Here

(TimesOnline) – New tax bombshell: 20% VAT

A rise in VAT is looming whichever party wins the general election, as Labour and the Conservatives draw up plans to balance Britain’s books. Read More Here

(MailOnline) – Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says FRENCH banking chief

The European single currency is facing an ‘inevitable break-up’ a leading French bank claimed yesterday. Read More Here

(DSNews) – Commercial Real Estate Losses Could Hit $300 Billion: TARP Panel

Losses from defaults on commercial real estate loans maturing in the next few years could go as high as $300 billion, threatening to topple nearly 3,000 community banks nationwide, a federal watchdog group has concluded. Read More Here

(LATimes) – In Utah, a plan to cut 12th grade – altogether

The proposal by state Sen. Chris Buttars would chip away at Utah’s $700-million shortfall. He’s since offered a toned-down version: Just make senior year optional. Read More Here

Economy

(CNBC) – Market Tips: Get Out of Stocks and Bonds

Global stocks were mixed Friday, with European shares paring earlier gains after preliminary data showed the euro zone economy’s recovery faltered in the fourth quarter, on top of investors still uncertain as to what will happen to Greece. Read More Here

(Fox) – After Rare Bipartisan Deal, Reid Slashes Jobs Bill

Senate Majority Leader Harry Reid abruptly announced Thursday that he had drastically slimmed down the bill from $85 billion to just $15 billion, tossing out key priorities of both Republicans and Democrats. Read More Here

(WaIndep) – Credit Suisse Declares the U.S. a Riskier Investment Than Indonesia

Amid fears that Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a report identifying those countries it determined to have the highest risks of default on their sovereign debts. Number 16 on the list was the United States, based primarily on its 2009 budget deficits and government debt. Read More Here

(Reuters) – German halt, Italian reverse hit euro zone recovery

Europe’s post-recession recovery hit a roadblock on Friday as German economic growth unexpectedly halted and Italy went into reverse in the final quarter of 2009, knocking total euro zone GDP growth almost flat. Read More Here

(HindustanTimes) – India’s food inflation inching to 18 per cent

Even as Prime Minister Manmohan Singh stressed last week that the worst was over on rising prices of essential items, India’s annual food inflation based on wholesale prices rose to 17.94 per cent for the week ended Jan 30. Read More Here

(Fox) – Obama Signs Bill Lifting Federal Debt Limit to $14.3 Trillion

President Obama has signed legislation lifting the cap on government borrowing to $14.3 trillion. Read More Here

(Bloomberg) – Beijing Seen Vacant for 50% as Chanos Predicts Crash

Jack Rodman, who has made a career of selling soured property loans from Los Angeles to Tokyo, sees a crash looming in China. He keeps a slide show on his computer of empty office buildings in Beijing, his home since 2002. The tally: 55, with another dozen candidates. Read More Here

Stick a Fork in it, The Dollar is Done

News junkies, currency buffs, and economists of an Austrian tilt have been having quite an entertaining few weeks. Between massive blizzards from Virginia to New England, another baseless Dollar rally, and the hilarious notion that a little Greek debt could unwind the Euro, there certainly has been plenty to talk about. Read More Here

(Aletho) – New Phase, Not Just Another Recession

It is becoming increasingly clear that the financial meltdown of 2008 and the subsequent economic contraction that continues to this day represent more than just another recessionary cycle. More importantly, they represent a structural change, a new phase, the phase of the dominance of “finance capital,” as the late Austro-German political economist Rudolf Hilferding put it. Read More Here

(Portfolio) – Danger Ahead for Small Banks

The small banks that do much of the lending to small business face a crisis in the near future that could force thousands of them to cut back on loans. Read More Here

(StarTribune) – Foreclosure numbers may foretell delinquency surge

The number of U.S. households facing foreclosure in January increased 15 percent from the same month last year, and a surge in cash-strapped homeowners who’ve fallen behind on mortgages could be on the way. Read More Here

(AJC) – Metro Atlanta foreclosures skyrocket this month – Read More Here

(ABC15) – Report: Valley foreclosures not slowing down – Read More Here

(DallasBiz) – Dallas/Fort Worth quarterly foreclosure postings jump 22% – Read More Here

(NYDaily) – Number of New Yorkers at risk of losing their home to foreclosure surges, new statistics show – Read More Here

(MarketTicker) – 30 Year Auction – A Solid ‘F’ – Read More Here

(DailyMail) – Welcome to boarded-up Britain: One in eight shops now stand empty as recession hits high streets

The number of empty shops blighting our high streets has trebled since the start of the credit crunch, it was revealed yesterday. Read More Here

(MailOnline) – Did Goldman Sachs rig the bank-tax vote? Foul play suspected in Richard Curtis internet campaign – Read More Here

(DailyExpress) – Housing Minister: It’s Ok to Lose Your Home

LABOUR’S housing minister yesterday insulted millions struggling to survive the recession by claiming that having their homes repossessed might be their “best option”. Read More Here

(DailyExpress) – Labour’s ‘100 %’ Death Tax

MILLIONS of people could lose almost every penny of their assets under a new “death tax” being considered by Labour to fund care for the elderly. Read More Here

Video: Marc Faber On CNBC – Correction in Global Market Already Underway

(CNBC) – February 10, 2010 – “I think that all governments will eventually dafault, including the U.S.” – Faber

More Government Equals Fewer Jobs – Peter Schiff

(C4L) – With today’s unexpected decline in December payrolls, the cry for more job-related stimulus will grow even louder. But the sad truth is that any new stimulus or jobs bills will ultimately swell the ranks of the unemployed, thereby raising calls for an even bigger federal effort. If we are not careful, government regulations, subsidies, and spending, all designed to fight unemployment, could push the labor market into a death spiral.

Sovereign debt fears signal new stage of global crisis

(WSWS) – Stock markets in Europe and Asia fell sharply Friday in the second day of a near-panic selloff fueled by fears that the debt crisis facing weaker European economies will throw the world economy into a “double-dip” recession.

MSM: Job losses from Great Recession about to get worse

(Yahoo) – Job losses during the Great Recession have been huge and they’re about to get bigger.
When the Labor Department releases the January unemployment report Friday, it will also update its estimate of jobs lost in the year that ended in March 2009. The number is expected to rise by roughly 800,000, raising the number of jobs shed during the recession to around 8 million.

Video: Free Market Myths – Left-Libertarian

Im probably going to pull this video soon. It has created too much confusion. One of the schools of Left-Libertarianism is Mutual who believe in free-markets. While I am not a Mutualist, I didnt mean to exclude their thoughts on the subject. I keep getting the comment that Im confusing free-markets with corporatism. This is not true. The other thing people have said is that a free market would exist with laws. Yes, of course. When I made the video I was unfamiliar with YT. Crazy me, I thought most of the people here would be Republicans and Democrats. That was my target audience.

ATF Responsible for Creating Large Part of Illegal Cigarette Black Market

(KurtNimmo) – Back during the days of the Bush neocon effort to create mass hysteria over manufactured terrorism, the federal Bureau of Alcohol, Tobacco, Firearms and Explosives attempted to link illicit cigarette smuggling and sales to terrorism.