Video: Mish and Faber – US Destined for Failure

The government leads you to believe that we are in an economic recovery…however it is actually the total opposite. A depression and inflation are what the US is looking forward to. Continue reading

Economy

(LondonTelegraph) – Detroit family homes sell for just $10

Family homes in Detroit are selling for as little as $10 (£6) in the wake of America’s financial meltdown. The once thriving industrial city has suffered a dramatic decline following the global economic crisis. Read More Here

(WallStreetWarZone) – Wall Street Lobbyists Spend $400 Million to Kill Financial Reforms & Destroy America

Yes, Wall Street wins, again. Wall Street’s control America is a drama right out of a Scorsese film about the mafia and crime in New York. They bought off Chris Dodd, who’s capitulated to the darkside while “interviewing” for a million dollar job as a lobbyist. They bought off, President Obama. Read More Here

Video: The Globalist Push To Crush The Rich Nations In Preparation For Global Carbon Tax And New World Order – Video Link Here

(YahooFinance) – Video: Faber and Mish – We’re Doomed and Washington Can’t Do Anything About It

Washington is patting itself on the back for having orchestrated an amazing economic recovery. But Washington lawmakers are a delusional bunch of boneheads, say Marc Faber and Mike “Mish” Shedlock, editor of the Gloom, Boom, and Doom Report and investment advisor at SitkaPacific Capital Management, respectively. Video Link Here

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

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. Read More Here

(SilverBearCafe) – Calling All Rebels

There are no constraints left to halt America’s slide into a totalitarian capitalism. Electoral politics are a sham. The media have been debased and defanged by corporate owners. Read More Here

(Goldseek) – Robbing the Old to pay the Rich

The senate boldly and blatantly refused to give 57 million elderly individuals $250 more. The story below highlights this point. Read More Here

(MiamiHerald) – Officials: 2.5 million Floridians on food stamps

More than 2.5 million Floridians are on food stamps, up from three years ago where 1.2 million residents received assistance. Read More Here

(ConsortiumNews) – How Big Business Dupes the Masses

Editor’s Note: In the Great Snookering of America, millions of working- and middle-class Americans are being influenced by ads and activist groups that purport to stand with them against the tyranny of Big Government – when the money really represents Big Corporations that want carte blanche to treat these Americans like a la carte items on a menu. Read More Here

(Oftwominds) – Why California Is Doomed

California is doomed for two simple but profound reasons: the cost structure is too high for most businesses to survive, and a boom-dependent economy. Read More Here

(DailyMail) – Greece rocked by riots as up to 60,000 people take to streets to protest against government

Street clashes broke out between rioting youths and police in central Athens today as tens of thousands demonstrated during a nationwide strike against the cash-strapped government. Read More Here

(FreedomInOurTime) – Czars to Serfs: Pay Up and Shut Up

It would be difficult to find a more candid expression of the parasite class’s predatory contempt for the productive than the words that departed Mesley’s snout. The police union capo will occasionally remove that appendage from the public trough just long enough to spew demands for an ever-larger share of the wealth produced through the honest labor of others, or to justify some corrupt privilege he claims as a “cog in the mighty machine of state.” In all of this he is entirely typical of the army of public employees pillaging what little remains of America’s wealth. Read More Here

(Bloomberg) – Video: Jim Rogers – Greece Bankruptcy Would Be Good for Euro – View Video Here

Inflation, Deflation and “Got You” Prices

Scott Patterson writes in the Wall Street Journal that we won’t get inflation until unemployment is down below 5%:

A rule of thumb is that inflation doesn’t become sticky until the unemployment rate dips below 5%… Continue reading