(KurtNimmo) – Let’s put Lindsay Lohan’s fear of jail aside for a moment and turn to Obama’s Summer Recovery Tour 2010. Obama’s apparatchiks “will fan out across the country over the next few days to spread the message to voters about how effective their $787 billion recovery plan has been,” The Hill reported earlier this week. “Obama and the White House take comfort the economy is moving in the right direction. They point out that the economy has added jobs in six of the last seven months and stress that when Obama took office the economy was losing 750,000 jobs a month.”
Has it really? Less than a month ago Joe Bite Me said jobs have gone away and they are never coming back. Biden said “there’s no possibility to restore 8 million jobs lost in the Great Recession” and folks should get used to it. “We inherited a godawful mess,” he said and glibly added that there was “no way to regenerate $3 trillion that was lost. Not misplaced, lost.”
It wasn’t lost and Joe knows it. It was stolen. Trillions went directly to the banksters. They defiantly refused to tell Congress and the American people where it all went. In December of 2008, as the engineered Greatest Depression was gaining steam, the Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of “emergency loans” billed to future generations of American debt slaves. Continue reading →
(DailyMail) – Increasing numbers of Britons are taking antidepressant drugs, with prescriptions doubling over the past ten years, according to a report this month. In 2000, there were 20 million prescriptions – this rose to 39 million last year.
While this rise is partly being blamed on the recession, experts are concerned that misdiagnosis is a major factor. Indeed, a study published recently in The Lancet found that the average GP will wrongly diagnose 16 out of every 100 patients they see with depression and anxiety. Read More Here
(Rense) – Medically-Caused Deaths In America – An Exclusive Interview With Barbara Starfield
The American health system, like clockwork, causes a mind-boggling number of deaths every year.
The figures have been known for a decade. The story was covered briefly when a landmark study surfaced, and then it sank like a stone.
The truth was inconvenient for many interests. That has not changed. “Medical coverage for all” is a banner that conceals ugly facts. Read More Here
(LewRockwell) – Despite encouraging words from politicians and the establishment media’s talking heads, it is clear to me, and I believe most Americans who do not live in a regime ivory tower, that we are not coming out of the recession. In fact, things appear to be getting worse as unemployment continues to rise and businesses cut salaries or shut down. The fears that this recession could turn into another Great Depression are very real, as we have lost so much of our capacity to create wealth and the federal government seems determined to use up any remaining capital fighting endless wars, funding endless entitlement programs, and spending trillions of dollars on non-wealth-creating “stimulus” programs while handing out even more trillions to their bankster buddies and corporate cronies. However, another 1930s-style depression is not what keeps me up at night with worry. Continue reading →
(AP) – Verizon to take $970M charge from health care bill
The corporate tax impact of the recent health care overhaul grew Thursday as Verizon Communications Inc. announced it will record a related $970 million non-cash charge in the first quarter. Read More Here
(WakeUpAmericans) – More On Obama’s Offshore Drilling ‘Show’
Institure for Energy Research (IER) sticks to the facts of what Barack Obama’s actual proposals about off shore drilling really does: Read More Here
(SafeHaven) – You Still Believe The Fed Can Stop Deflation?
Think back to the fall of 2007. The deflationary “liquidity crunch” that over the next year-and-a-half cuts the DJIA in half, decimates commodities, real estate and world markets is only starting. Almost no one believes that the crash is coming — to a large degree, because everyone is convinced that the U.S. Federal Reserve Bank, with Ben Bernanke at the helm, will never allow deflation to happen: It can just print money! Read More Here
(SilverBearCafe) – Gold and Silver Equal Future Purchasing Power
Today it is as difficult for a person to fathom gold at $5,000 per ounce as it was for a person to fathom $1,000 per ounce back in 2002. After all, hold a Krugerrand, in your hand and try to imagine it being worth the purchasing power of $5,000 – enough to buy a good running, nice looking used car. Read More Here
(Blog) – 6 Cities That Were Caught Shortening Yellow Light Times For Profit
Short yellow light times at intersections have been shown to increase the number of traffic violations and accidents. Conversely, increasing the yellow light duration can dramatically reduce red-light violations at an intersection. Read More Here
(SmirkingChimp) – BE CAREFUL:Cops giving out more speeding tickets due to recession. – Read More Here
(AP) – Ohioans say they’re pursued for paid-off fines
Some motorists are complaining that old traffic fines they already paid to one Ohio county are coming back to haunt them. About 1,000 people have contacted officials in southeast Ohio’s Hocking County this week to say they’ve heard from a collection agency about tickets already resolved, in some cases as far back as 20 years ago. Read More Here
(GlobalResearch) – Financial Fraud and the Economic Crisis – A Cavalcade of U.S. Corruption Is Finally Being Scrutinized – Read More Here
(HuffingtonPost) – It’s A Ponzi Scheme the Gold Market
We’ve had a string of amazing revelations recently regarding the world’s precious metals market. This is important stuff for anyone (like me) who holds gold as a means to avoid currency turmoil and counterparty risk. Read More Here
(ZMagazine) – Big Government, Budget Deficits, Entitlements and the “Centrist” Ploy – Read More Here
(WashingtonsBlog) – Tim Geithner told the Today Show that:
It’s “deeply unfair” that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.
Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis.
“As the president has said, we had to do some very unpopular things,” Geithner said. “People looked at what had happened.””It’s not fair. It’s deeply unfair,” he said. “He (Obama) had to decide whether he was going to act to fix it or stand back … and that would have been calamitous for the American economy.”
(ZeroHedge) – Video: ECU Group’s Philip Manduca “We Are At A Tipping Point” And The Only Thing That May Save The Euro Is A Collapse Of The US
For once, some actually good insight from a CNBC guest. Philip Manduca, Head of Investment of the ECU Group, discusses Greece and the very severe implications of what the final outcome will look like. “Trichet said the Greeks are crooks, and they’ve been lying about the numbers. There is a deeply embedded corruption within the Eurozone. Combined with the endemic European socialism and there is just no way you are going to get spending cuts and tax raises and maintain a GDP that makes any sense of the percentage aspect of debt to GDP. So the whole show is wrong. This is an intractable situation, this is going to continue on and on. The onle hope for the Eurozone, and the Euro as a currency, is that sameone takes the spotlight soon, and that may be the United States.” Watch the rest as Philip’s perspective is spot on…Not to mention that he sees gold as the only alternative to the fiat bonfire soon to engulf the western world. – Video Link Here
(MarketWatch) – Goldman Sachs’ Hu may join China central bank
Fred Hu, an investment banker with Goldman Sachs Group Inc. is likely to take up a senior post at China’s central bank after formally stepping down from the Wall Street firm in April, the state-run China Daily said Friday, citing people familiar with the matter. Read More Here
(SeattleTimes) – Columbia Center misses mortgage payment
The owner of the Northwest’s tallest building, the 76-story Columbia Center, missed a mortgage payment this month, providing fresh evidence of the troubles facing downtown Seattle office landlords. Read More Here
(WTNH) – Marlin Firearms closing, 265 laid off
Employees at Marlin Firearms in North Haven just got word late Thursday afternoon that they will be losing their jobs in the next 18 months. Read More Here
(MailOnline) – Economic power grab by EU: Plan to control Britain’s economy as Europe bails out Greece
European leaders have launched an audacious bid to create an ‘economic government of the EU’ – even as they were forced to go cap in hand to the International Monetary Fund for a £20 billion bailout of debt-stricken Greece. Read More Here
(SunSentinel) – Florida unemployment hit record 12.2 percent in February
Florida’s unemployment hit 12.2 percent in February, the highest rate on record, soaring past even the rates recorded in the 1973-1975 recession, the state work force agency said Friday Read More Here
(SJ-R) – State Police plan massive layoffs, HQ closures
The Illinois State Police will lay off more than 460 troopers and close five regional headquarters by this fall, acting State Police director Jonathon Monken said Tuesday. Read More Here