Alex talks with economist Paul Craig Roberts about his article, The Year America Dissolved. Roberts served as an Assistant Secretary of the Treasury in the Reagan Administration and is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. His articles appear widely across the alternative media. Dr. Roberts’ latest book is How the Economy Was Lost: The War of the Worlds. Continue reading
(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.
(PaulWatson) – Radio talk show host and former Reagan cabinet advisor Mark Levin has slammed President Obama’s bizarre announcement that he will be sending SWAT teams to deal with the Gulf of Mexico oil spill, alleging that the response is part of a plan to grease the skids for government takeover and nationalization of the oil industry. Continue reading
(OpEdNews) – A right-wing neocon organization called the Institute on Religion and Democracy (IRD)1 — which devotes itself to attacking religiously and socially progressive churches while supporting US imperial policies (going back to the Nicaraguan Contras funded illegally by the Reagan administration2 ) — has recently put out a press release attacking my next book, which is scheduled to be published this coming fall. Saying that I am “back with another outrageous book” in which I allege “new absurdities,” the IRD claims that I am “this time alleging that the Obama administration is attempting to undermine 9/11 Continue reading
(ThePeoplesVoice) – Most reporters and other journalists in the mass media failed to do due diligence and misled their audiences regarding last month’s US House Foreign Affairs Committee vote in favor of Resolution 252, which would reaffirm the Armenian genocide of 1915 – 1923.
Nearly all media, prior to and after the vote, falsely said or implied that the House and the Federal government had never before recognized the Armenian genocide. Continue reading
(April 7) – Alex welcomes back to the show economist and a nationally syndicated columnist Paul Craig Roberts, who recently announced his journalistic retirement in an article entitled “Truth Has Fallen and Taken Liberty With It.” He served as an Assistant Secretary of the Treasury in the Reagan Administration. Mr. Roberts is the author of several books, including The Tyranny of Good Intentions: How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice and How the Economy Was Lost: The War of the Worlds. Continue reading
(PakAlert) – Americans Must Ask; Who is Breeding Terrorism?
The above-captioned article was written by John Pilger in the daily The Yumiuri Shimbun, of Japan, dated 30th August, 1998. He says “In recent years Muslims have been the greatest sufferers from state terrorism.” The excerpts of his above-mentioned article are as below. Continue reading
It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it were between the “rock” of protracted recession and the “hard place” of terminal government debt. Continue reading
(BobChapman) – There is only one place to be and that is in gold and silver related assets. Continue reading
For the last few months I have been casting around looking for bullish data points as counterfactuals to my more bearish long-term outlook. I have found some, but not enough. If you recall, early this year, I stated that we are in depression, making the case for the ongoing downturn as a depression with a small ‘d.’
The federal Appeals Court decision to toss a lawsuit claiming contractors tortured detainees in Iraq’s Abu Ghraib prison is what you’d expect from a tyranny. Continue reading
Raymond McGovern is a 27-year CIA veteran, who chaired National Intelligence Estimates and personally delivered intelligence briefings to Presidents Ronald Reagan and George H.W. Bush, their Vice Presidents, Secretaries of State, the Joint Chiefs of Staff, and many other senior government officials. Continue reading
(MikeWhitney) – Ben Bernanke never should have been reappointed as Fed chairman. Obama made a big mistake. The main thing to remember about Bernanke is that, in the two years since the financial crisis began, he’s made no effort to force the large banks and financial institutions to write-down their losses. Nor has he pushed for the regulations that are needed to restore confidence in the system. Continue reading
The video here — covered by Alex Jones on his radio show — simply provides more evidence much of the news is propaganda and nonsense — and the joke is on us. Continue reading
(RawStory) – The wealthiest 10 percent of Americans now have a larger share of total income than they ever have in records going back nearly a century — an even larger amount than during the Roaring Twenties, the last time the US saw such similar disparities in wealth. Continue reading
Secrecy is endemic in all governments. It goes with the turf, especially if their leaders hope to hide illegal or immoral behavior, such as torture of foreign prisoners. Continue reading
In two days of testimony before Congress, Federal Reserve Board Chairman Ben Bernanke defended the multi-trillion-dollar bailout of the banks while seeking to allay fears on financial markets of a potential eruption of inflation. Continue reading
The Bolivian district attorney’s office has identified Hugo Achá Melgar who, according to the AFP news agency, is Bolivia’s representative to the U.S. Human Rights Foundation (HRF), as providing the bulk of the funds for the terrorist gang foiled in Santa Cruz while plotting to assassinate President Evo Morales. Continue reading
(Aljazeera) – The former speaker of the US House of Representatives has said that the US should “sabotage” Iran’s oil and gas infrastructure as part of its efforts to bring down the government. Continue reading
The recent events in Honduras and Iran, which pit democratically elected regimes against pro-US military and civilian actors intent on overthrowing them can best be understood as part of a larger White House strategy designed to rollback the gains achieved by opposition government and movements during the Bush years. Continue reading
(Forbes) – Right now California’s economy is moribund, and the prospects for a quick turnaround are not good. Unable to pay its bills, the state is issuing IOUs; its once strong credit rating has collapsed. Continue reading
The following timeline describes just a few of the hundreds of atrocities and crimes committed by the CIA. Continue reading
Bush Authorizes New Covert Action Against Iran: Bush Authorizes New Covert Action Against Iran The CIA has received secret presidential approval to mount a covert “black” operation to destabilize the Iranian government, current and former officials in the intelligence community tell the Blotter on ABCNews.com.
Newsweek editor Evan Thomas brought adulation over President Obama’s Cairo speech to a whole new level on Friday, declaring on MSNBC: “I mean in a way Obama’s standing above the country, above – above the world, he’s sort of God.” Continue reading
(Bloomberg) – World Bank President Robert Zoellick warned policy makers that fiscal-stimulus plans are insufficient to turn around the “real economy” and rising joblessness threatens to set off political unrest across the globe. Continue reading
The government and their compliant corporate press mold and manage our perceptions and prefer that we focus our anger and attention on numerous distractions – the illegal aliens, illusive terrorists, same-sex marriages, welfare recipients, North Korean testing, whether torture photos should be released. The fact is that the government Elite set up this entire environment of contention to divert our attention from their treacherous unconstitutional, criminal activities – in both parties. This is all part of America’s drive into a One World Order, now hyper accelerated under the current administration. Continue reading
Wall Street’s mantra is that markets move randomly and reflect the collective wisdom of investors. The truth is quite opposite. The government’s visible hand and insiders control markets and manipulate them up or down for profit – all of them, including stocks, bonds, commodities and currencies. Continue reading
So many of us know in detail about all the false warnings and exaggerated claims that were used to justify the war in Iraq. By now, six years later, and after many books, reports, news stories and films, we see the pattern of lies and deception. We realize what a fraud was committed against the American people and what its consequences have been for the people of this country, Iraq and Afghanistan. Continue reading
The Federal Reserve Act was legislated in 1913 to end recessions, panics and depression. Over that almost 100-year period they have been eminently no more successful then their predecessors. Continue reading
The world is engulfed in a global economic crisis of staggering ferocity rivaling four other financial meltdowns—which all began in the month of October. 
VP Biden and former Fed Chairman Paul Volcker don’t remember any time when things went down quite so fast, quite so uniformly around the world. The current crisis looks more like the collapse of the Soviet Union, on October 18, 1991, when Gorbachev signed an agreement forming a new economic community. Continue reading
WASHINGTON – Putting aside their own competitive interests, representatives of more than two dozen of the nation’s top talk shows held an unprecedented private over the weekend to brainstorm strategies against what they agreed are government plans by to squelch critical political speech on radio. Continue reading
John Pilger’s 1983 film about the small nation of Nicaragua and its right to survive investigates the corruption in Central America. In 1979, the Sandinistas won a popular revolution in Nicaragua, putting an end to decades of the corrupt US-backed Somoza dictatorship. Continue reading
“Things do not happen. Things are made to happen.”—JFK.
Our consumer society didn’t just happen, it was planned. Not in 1910, or 1954, but in the year 1832, the year William Huntington Russell and fellow classmate Alphonso Taft at Yale University founded the Skull and Bones society, a branch of the Bavarian Illuminati. Continue reading
The Barack Obama administration is continuing the neo-conservative agenda of US military domination of the world— albeit with perhaps a kinder-gentler face. While overt torture is now forbidden for the CIA and Pentagon, and symbolic gestures like the closing of the Guantanamo prison are in evidence, a unilateral military dominance policy, expanding military budget, and wars of occupation and aggression will likely continue unabated.
As has mentioned several times on-air, this is a very disturbing development: the National Guard is being assimilated into the “Total Force” of the US military. As with many other issues, the government and military directives and memos are couched in the typical flowery language that is written in a code that few outsiders understand. Once one reads enough internal documents the code becomes clear. Understanding the code words and language helps to clarify what is actually being recommended and is occurring right in front of our eyes. It utilizes the often-stated tenet that their anti-freedom measures are “best hidden in plain sight.” Continue reading
WESTERN DRIVE TOWARD WORLD DOMINATION
Even as preparations are underway for Barack Obama to assume office as the 44th president of the United States on January 20, the U.S. military juggernaut that is roaring toward global conquest hasn’t missed a beat. This is shown by the team of hawks—including holdover Robert Gates at Defense and Hillary Clinton as Secretary of State—that Obama has assembled to handle the levers of the war machine and its diplomatic front.
06/10/08 “ICH” — — America has become a pretty discouraging place. If Ronald Reagan was still with us, I wonder if he would again refer to the United States as a city on a hill, a light unto the world.
I think not. Reagan brought America back from discouragement, but it didn’t stick. Subsequent administrations erased Reagan’s accomplishments. Reagan defeated stagflation and ended the cold war, producing a peace dividend to be divided among taxpayers, social programs, and national debt reduction. However, without the Soviet Union as a check on neoconservative ambition, the neoconservatives launched America on an unrealistic path of world hegemony. Continue reading
John Stockwell, former CIA Station Chief in Angola in 1976, working for then Director of the CIA, George Bush. He spent 13 years in the agency. He gives a short history of CIA covert operations. He is a very compelling speaker and the highest level CIA officer to testify to the Congress about his actions. He estimates that over 6 million people have died in CIA covert actions, and this was in the late 1980’s. Continue reading
Paul Craig Roberts, economist and former Assistant Secretary of the Treasury in the Reagan Administration, tells Jason Bermas on the Alex Jones Show that the Bush neocons are leading the United States into a nuclear confrontation with Russia over the situation in Georgia and South Ossetia. Roberts gives the conflict “almost total certainty if John McCain gets in office… this is not something that will happen in the next fifty years, it’s going to happen in the next two or three years.” Continue reading