Obama Exporting Chicago’s Misery to a City Near You

(Townhall) – If you want to get a good glimpse of what America will look like if President Obama continues to push his “change” agenda, take a close look at Chicago. But brace yourself: it is not a pretty picture.

Chicago, as we all know, is Mr. Obama’s home and the place where he served as a community organizer, a state legislator, and a US Senator. Obama championed a variety of jobs creation programs, advanced ideas to reduce crime, and sought earmarks totaling some $800 million dollars to boost the Chicago economy. By all accounts, he was energetic, determined, and successful pushing these programs.

But while many, including Obama, have focused almost exclusively on Mr. Obama’s noble intentions, few have focused on the results. Which of Obama’s efforts in Chicago delivered the promised benefits? None.

Chicago is a city in crisis. Crime rates have surged despite the many, Obama-led, community-building efforts. The number of Americans murdered in Chicago this year is about the same number of troops killed in Iraq and Afghanistan over the past year. Two State Senators have argued that Chicago’s crime problem is too big for locals to solve and have called for deployment of the National Guard. Read entire article

Presidential cancer advisors find courage to warn about environmental risks of cancer chemicals – Mike Adams

(NaturalNews) – When a government panel of experts finds the courage to tell the truth about cancer, it’s an event so rare that it becomes newsworthy. Late last week, a report from the President’s Cancer Panel (PCP) broke ranks with the sick-care cancer establishment and dared to say something that natural health advocates have been warning about for decades: That Americans are “bombarded” with cancer-causing chemicals and radiation, and if we hope to reduce cancer rates, we must eliminate cancer-causing chemicals in foods, medicines, personal care products and our work and home environments. Continue reading

Very Good Reason to Believe Home Prices Will Collapse – Peter Schiff

The latest housing initiative announced today by the Obama Administration draws the U.S. government and, by proxy, all taxpaying Americans, further into the inescapable quagmire of a devastated real estate market. Continue reading

Economy

(Reuters) – Sweden unexpectedly slides back into recession

Sweden’s economy unexpectedly slid back into recession in the fourth quarter, figures showed, sending the crown lower and raising questions about how soon interest rates will rise. Read More Here

(BobChapman) – Bonuses for Wall Street And Unemployment Elsewhere Continue To Grow

People should not underestimate the rational of those in high places because their agenda may be totally different then what they say it is. That includes the predicament of Dubai and Greece and a host of other nations that include the US and UK. The credit crisis, borne of the subprime crisis just didn’t happen; it was planned that way. Read More Here

(WashingtonTimes) – American reliance on government at all-time high

The so-called “Great Recession” has left Americans depending on the government dole like never before. Read More Here

(CumberlandAdvisors) – Commercial Real Estate: More Trouble Ahead

“Between 2010 and 2014, about $1.4 trillion in commercial real estate loans will reach the end of their terms. Nearly half are at present “underwater” – that is, the borrower owes more than the underlying property is currently worth. Read More Here

(OrlandoSentinel) – George Soros not satisfied with Barack Obama, claims he saved country from recession

CNN’s Fareed Zakaria introduced George Soros as “the billionaire investor, financier, speculator, philanthropist and thinker.” Read More Here

(LondonTimes) – Green fuels cause more harm than fossil fuels, according to report

Using fossil fuel in vehicles is better for the environment than so-called green fuels made from crops, according to a government study seen by The Times. Read More Here

(BusinessInsider) – Is March 9 The Day Greece Gets Its Bailout From Tim Geithner?

We’ve joked that if all else fails, then surely Tim Geithner will come to the rescue of Greece.

At least we thought we were joking. Read More Here

(Reuters) – UPDATE 1-Winter storms to distort US jobless figures-Summers

White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday. Read More Here

(Telegraph) – Don’t go wobbly on us now, Ben Bernanke

Barack Obama’s home state of Illinois is near the point of fiscal disintegration. “The state is in utter crisis,” said Representative Suzie Bassi. “We are next to bankruptcy. We have a $13bn hole in a $28bn budget.” Read More Here

(GlobalEconomicAnalysis) – California Delays Payments, Ponders IOUs Again, Demands 80% of Income Tax Paid Before It’s Even Earned

Tactics in California to shore up its municipal bond rating are quite humorous. Supposedly, by delaying payments to schools, California can boost confidence in its bonds. Read More Here

(Reuters) – Euro in most difficult phase since launch – Merkel

Europe’s single currency project is facing its toughest period since its launch over a decade ago and it is essential that Greece tackle the roots of its troubles to restore confidence, German Chancellor Angela Merkel said. Read More Here

(TheAtlantic) – How a New Jobless Era Will Transform America

The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. 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. Continue reading

Economy

(CNBC) – Congressional Panel “Deeply Concerned” over Commercial Real Estate

I guess I didn’t need the Congressional Oversight Panel for the TARP to tell me that commercial real estate was in trouble, but somehow it’s a bit more poignant when they do. Read More Here

Video: How the Federal Reserve Created the US Recession

Learn how the Federal Reserve, the central bank of the United States that is responsible for regulating the supply of money in the US economy, has created the recession the US economy is currently facing. Video Link Here

(ZeroHedge) – The Great Highway Robbery Continues: How The FDIC Is Legally Transferring Billions In Taxpayer Money To Hedge Funds

It is not a secret to anyone who has been closely following the FDIC’s quasi criminal bank takeover practices over the past year, that acquirors of failed banks end up receiving a massive and risk-free gift in the form of taxpayer benefits via the FDIC when it comes to funding losses on a given bank acquisition. Should there be a short sale resulting in a loss to the full principal (not the cost basis mind you)? Not to worry, Sheila Bair is there to hand out taxpayer money to the hedge funds/banks owning the newly transferred assets. Read More Here

(Ohio) – Jobless rate unchanged by billions in stimulus spending

Money for roads, bridges doesn’t ease unemployment on local level, analysis finds Read More Here

(Telegraph) – China orders retreat from risky assets

China has ordered managers of its vast currency reserves to withdraw from risky dollar assets and retreat to core debt guaranteed by the US government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets. Read More Here

(Kitco) – Davos: The Bomb Shelter

Predators and parasites recently gathered in Davos to discuss the mounting problems of their prey. All present agreed the problem needed urgent attention. Read More Here

(NewJersey) – Chris Christie declares fiscal ‘state of emergency,’ paving way for N.J. spending cuts

Calling New Jersey on “the edge of bankruptcy,” Gov. Chris Christie today declared a fiscal emergency, seizing broad powers to freeze aid to more than 500 school districts and cut from higher education, hospitals and the Public Advocate. Read More Here

(Reuters) – Report: 1 in 5 U.S. homeowners underwater

Foreclosures across the country rose to a new high in December Read More Here

(AugustaChronicle) – Higher interest rates ahead, Bernanke says

Prepare for the end of record-low interest rates, Federal Reserve Chairman Ben Bernanke says. Just not yet. Read More Here

(Guardian) – Franco-German bailout of Athens expected to avert euro collapse

Summit may see moves to guarantee Greek solvency, as prospect of action by Paris and Berlin buoys markets Read More Here

Video: President Obama’s Pledge Never to Raise Taxes on Anyone Making Less Than $250,000 a Year

This footage was taken during than presidential candidate Obama’s speech in Dover, NH. President Obama pledges not to raise taxes on anyone making less than $250,000 a year. Video Link Here

Moving Your Money Can Have a Real Effect on Big Banks

(WashingtonsBlog) – People have asked whether moving your money from your giant bank to a small community bank or credit union will have any real affect on the too big to fails, given that most of their profits come from speculative investments instead of normal banking deposits. Continue reading

While You Were Sleeping… The Economy Collapsed

One of the most powerful forces in human psychology is the force of habit. Consistency, apathetic comfort, ties men to the ocean bottom to squeeze every ounce of oxygen from their last breath until it is gone, and we wake up at 50 or 60, only realizing then that we have done the same things and thought the same thoughts for decades without err. Repetition makes us easy to startle and easy to control. Any sudden break in daily routine can cause most people to freeze; animals gripped with terror at the very possibility of necessary individual action or adaptation. Continue reading

MSM: US needs plan to tame debt soon, experts say

(Reuters) – The U.S. government must craft a plan next year to get its ballooning debt under control or face possible panic in financial markets, a bipartisan panel of budget experts said in a report on Monday. Continue reading

Bernanke’s Fake Economic Recovery – Mike Whitney

Economic recovery” is a term that has no fixed meaning. But it’s worth mulling over to determine whether aggregate demand is strong enough to keep the economy from tipping back into recession. In normal times, the Fed slashes interest rates to increase the flow of capital to the markets and to consumers via lending at the banks. That’s the traditional method of “jump starting” the economy. Continue reading

Video: Peter Schiff issues a Red Alert “Get out of the US dollar”

The Case for Higher Interest Rates – Dollar Forced to Abdicate – Peter Schiff

For the most part, the value of the dollar is given cursory attention by the financial media. Typically, its movements are assigned an importance on par with much less determinative metrics such as natural gas futures and construction permits. It’s only when major milestones are reached that anyone really takes notice of the dollar. We are living through one of those times. Continue reading

Video: Jerome Corsi – America for Sale

(Fox) – “The Giving away of the United States has never been greater than under Barack Obama” – Corsi Continue reading

MSM: Widespread Job Losses

(WSJ) – Labor-market stress continued to be widespread in September as all but seven states reported job losses last month. Continue reading

Ignorance Is Bliss – Peter Schiff

(C4L) – While all the talk at present is about economic corners turned and markets charging ahead, no one is paying much notice to an American economy deteriorating before our eyes. These myopic commentators seem to be simply moving past the now almost-universally held conclusion that before the crash of 2008, our economy was on an unsustainable course. If these imbalances had been corrected, then perhaps I too would be joining in the euphoria. But evidence abounds that we have not veered at all from that dangerous path. Continue reading

U.S. Stock Markets Disconnected from Reality

(C4L) – Earlier this year, I predicted that the 2009 rally in U.S. stocks could bring the Dow Jones Index as high as 10,000. It looks like that level has been achieved. If, at this point, the index reverses course, I would have made a fairly good prediction. Continue reading

Whodunit? Sneak attack on U.S. dollar

It’s the biggest mystery in global finance right now: Who conducted a sneak attack on the U.S. dollar this week? Continue reading

The IMF to Play Role of Global Central Bank?

The Dollar Needs to be Devalued by Half?

“A year ago,” said law professor Ross Buckley on Australia’s ABC News on September 22, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.” Continue reading

Three Government Reports Point to Fiscal Doomsday

When our leaders have no awareness of the disastrous consequences of their actions, they can claim ignorance and take no action. Continue reading

Video: Alan Grayson HR1207 Hearing

“Has the Federal Reserve Ever Tried to Manipulate the Stock Market?”

Video: Ron Paul on Alex Jones – A 1776 Style “Revolution” is Almost Here!!!

(September 24, 2009) – Alex welcomes back to the show Dr. Ron Paul Continue reading

Looming Global Debt Crisis – Bob Chapman

What do you do after you have zero interest rates and you have flooded the world with money and credit? Continue reading

Derivatives Collapse and the China Gold and Silver Markets

(BobChapman) – In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, which previously was not allowed to invest in gold and silver. The opening of silver exchanges to the Chinese public is the most recent development and was accompanied by a ban on silver exports. The Chinese government is actively touting both gold and silver as an investment to the Chinese public, and with good reason. Continue reading

MSM: Forbes Reports the Dollar Has Collapsed

The U.S. dollar reached its lowest point against the euro this year due to a myriad of forces including rising global stocks and commodities prices, low interest rates, and investors diversifying out of Treasury debt and into other assets including U.S. stocks with the Dow Jones industrial average approaching 9500 in late afternoon trading. Continue reading

MSM: UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’

(Bloomberg) – The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said. Continue reading

Wall Street To Securitize People’s Deaths?

The New York Times published a pretty creepy article on Saturday (September 5th). The article focuses on Wall Street’s new plan to make money. What’s so bad about Wall Street making money? Continue reading

Predicting Worse Ahead from America’s Economic Crisis

Austrian economist Ludwig von Mises (1881 – 1973) said:

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” Continue reading

The Spend-And-Borrow Economy – Nouriel Roubini

In the last few months the world economy has been saved from a near-depression. That feat has been achieved by a range of extraordinary government stimulus measures: In the U.S. and in China, and to a lesser extent in Europe, Japan and other countries, governments have pumped liquidity, slashed policy rates, cut taxes, primed demand and ring-fenced and back-stopped the financial system. All of this has worked, but at a cost. Governments have been spending and borrowing like never before. The question now is: how do they stop? Continue reading

Suicide Prevention Drug Pushing Racket – Part II

(NaturalNews) – This is part two of an article series by Evelyn Pringle. You can read part one here: http://www.naturalnews.com/026789_s… Continue reading

New Government Swine Flu Document Reveals Plans For Mass Graves

New laws would also pave the way for “streamlined” mass cremations Continue reading

2008 Financial Collapse: An Inside Job – Robert Singer

(Dprogram Exclusive) – Maybe it’s the smoke from Mt. Vesuvius that keeps Arianna Huffington and the financial community from seeing that the economic collapse has nothing to do with the Fed “missing” the warning signs leading up to the October meltdown. Continue reading

The Cause – The cause of all wars throughout history is interest-bearing debt

Entirely unsuspected, except by a few astute observers, they cunningly and patiently wove a web in which they have entrapped mankind. — Emanuel Josephson, 1968
Most of the real history of the world has been hidden from us by the same people who commit the crimes, gigantic crimes on the scale of world wars , manufactured pandemics and massive tax ripoffs that ruin our health, kill our children and obliterate our peace of mind. Continue reading

The Economy is in Deep, Deep Trouble…

Booyah. It’s morning in America. The jobless numbers are stabilizing, the stock market is sizzling, quarterly earnings came in better than expected, traders have turned bullish, housing is showing signs of life, and clunker-swaps have given Detroit a well-needed boost of adrenalin. Even Cassandra economists –like Paul Krugman and Nouriel Roubini–have been uncharacteristically optimistic. Is is true; did we avoid a Second Great Depression? Is the worst really behind us? Continue reading

Video: Webster Tarpley on Alex Jones Tv – Saudi’s Stop Coup Attempt & Obama’s Forced Eugenics Program!!

Alex talks with author and GCN host Webster Griffin Tarpley. Webster’s most recent book is Surviving the Cataclysm, a book that calls for a return to the American System of political economy as exemplified by such figures as Hamilton, Clay, Lincoln, FDR, and JFK. Continue reading

No Exit for Ben – Peter Schiff

In a Wall Street Journal op-ed on Monday, and in congressional testimony later in the week, Fed Chairman Ben Bernanke reassured all that thanks to his accurate foresight and deft use of the Fed’s policy toolkit, he could maintain near zero percent interest rates for an extended period without creating inflation. With supernatural powers such as these, one wonders if Ben would be better employed by the Justice League rather than the Federal Reserve. Continue reading