The first four steps toward our fight to win back the Republic

(TGBReport) – Government from Federal all the way down to the local level has been transformed from the elected officials working for us to us working for them.  We need to send a message this election season that it is not about Republican or Democrat, Conservative or Liberal, it is about Insiders vs “We the People”.  We must first ans foremost  start by understanding our Constitutional duty to be informed on what are the President, Senators, Congressman, Governors, State Assembly, County and Township elected officials. Continue reading

Economy

(Independent) – How Goldman gambled on starvation

By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You’re wrong. There’s more. It turns out that the most destructive of all their recent acts has barely been discussed at all. Read More Here

(Telegraph) – Britain facing £5.5 billion EU sanction

Britain could face sanctions costing the taxpayer £5.5 billion if it fails to meet spending targets set by a new EU “economic government”, under European Commission proposals. Read More Here

(PressTV) – ‘Corporates may cause rise in hunger’

Economic moves by major investment firms like Goldman Sachs, Merrill Lynch, and Deutsche Bank may cause a rise in hunger, according to a leading economist.

Professor Jayati Ghosh of the Centre for Economic Studies in New Delhi made the remarks on the sidelines of the G20 summit in Toronto last week, The Independent reported on Friday. Read More Here

(NYTimes) – Robert Prechters Market Forecast Says “Take Cover”

A proponent of the Elliott Wave theory for market forecasting sees trouble ahead: a slide worse than the Great Depression or the Panic of 1873. Read More Here

(Telegraph) – The latest threat to the global recovery: state capitalism

Stated in one bald paragraph it sounds a little apocalyptic. But Ian Bremmer, the highly respected author who is president of the Eurasia Group in the United States, makes a compelling case. The financial crisis has left Western capitalism nervous and risk averse, constantly under attack from a body politic keen to take advantage of public anger over the events of 2007 and 2008. Issues like the control of the banking system, remuneration and the failure of so much of the financial sector, whether Northern Rock, Lehman Brothers, AIG or Royal Bank of Scotland, has created a fundamental crisis in confidence. Read More Here

(StopCartel) – Economic, Crisis, Greek Theater, Our Drama – Read More Here

(FinanceMyMoney) – California budget nightmare – in 1970 California took in 28 percent of state revenues from personal income taxes. Today, the state pulls in 52 percent from personal income taxes. Massive shift to service oriented state – Read More Here

(PressTV) – UK mulling food vouchers distribution

The unemployed whose benefits have been cut off by government will receive food vouchers by charities supported by the government to make up for the cuts in welfare spending. Read More Here

(PressTV) – ‘US facing Soviet-like disintegration’

A senior Iranian lawmaker, Alaeddin Boroujerdi, has warned the US of imminent collapse, saying its approaches bring to mind soviet policies before disintegration.
“America’s conduct toward the world bears great resemblance to that of the Soviet Union before its disintegration,” Fars News Agency quoted the head of the Parliament’s National Security and Foreign Policy Commission as saying on Friday. Read More Here

(NYTimes) – In Ireland, a Picture of the High Cost of Austerity

As Europe’s major economies focus on belt-tightening, they are following the path of Ireland. But the once thriving nation is struggling, with no sign of a rapid turnaround in sight. Read More Here

(WSWS) – Sri Lankan budget imposes IMF austerity demands – Read More Here

(InternationalForecaster) – The U.S. Economy is Falling. Towards another Credit Collapse?

The housing market is in serious freefall with builders scheduled to increase units by 535,000 this year. As sales fall so will big bank balance sheets. That means we are facing another credit collapse. Read More Here

Video: Enough is Enough

(YahooFinance) – Video: U.S. Economy “Is a Complete Disaster”

The U.S. economy is in shambles and Americans will continue to see high unemployment and lower living standards in the years to come, Howard Davidowitz tells Henry and Aaron in the accompanying clip. – Continue reading

More than 50% of US Government Spending Goes to the Military

(GlobalResearch) – Recently, Live Science published a chart showing that the US spends about one-fifth of its budget on the military. But this aggregate view hides how Congress prioritizes spending, when you consider what is discretionary and voted upon each year. A more salient view of these figures segregates ‘discretionary’ spending from ‘mandatory’ spending. During the severe economic downturn of the past two years, how has Congress prioritized spending?

When it comes to discretionary spending, Congress gives 58% to the military. Here are US budget charts for the years 2009 and 2010, according to the National Priorities Project (NPP): Read More Here



Economy

(ZeroHedge) – March Foreclosures Surge To Absolute Record, At 369,491, 19% Jump from February

RealtyTrac reports the next catalyst that will surely take the Dow to 12,000 by 9:31 am tomorrow. “Foreclosure filings were reported on 367,056 properties in March, an increase of nearly 19 percent from the previous month, an increase of nearly 8 percent from March 2009 and the highest monthly total since RealtyTrac began issuing its report in January 2005.” And people were wondering where consumers get all their money from. Read More Here

(Guardian) – Wall Street banks line up to deliver strong profits

Arguably the star performer to emerge from the financial crisis, JP Morgan is set to kick off the US banking industry’s earnings season today with a first quarter profit expected to be about $2.9bn (£1.8bn). Although a sharp increase from $2.14bn a year ago, that number is a drop from JP Morgan’s profit of $3.28bn during the final quarter of 2009 as losses from credit cards, delinquent mortgages and consumer loans take their toll. Read More Here

(InternationalForecaster) – U.S. Economy: The Move Towards Deflation is Underway – Bob Chapman

Those of you 60 years old and older will spend the next 25 years struggling to survive one of the worst depressions in history or doing whatever you can to support your children and grandchildren. Read More Here

(CNBC) – Mortgage Defaults May Be Driving Consumer Spending

Hate to be an “I told you so…”

Lender Processing Services just put out its “Mortgage Monitor Report,” and we have a new record: Read More Here

(WSJ) – The Jobs Picture Still Looks Bleak

Many outsourced jobs will never return, and median income will likely continue to fall just like it did during the last so-called recovery. Read More Here

(SeattleTimes) – Millions of unemployed may never recover

Despite recent job gains, one grim statistic casts a long shadow over the recovering economy and the futures of more than 6 million workers: Fully 44 percent of the nation’s 15 million unemployed have been out of work for more than six months. Read More Here

(Reuters) – Markets could be derailed again, warns Soros

Railway porter-turned-billionaire financier George Soros delivered a stark warning last night that the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis. Read More Here

(EndOfTheAmericanDream) – 11 Examples Of How Insanely Corrupt The U.S. Financial System Has Become

If you ask most Americans, they will agree that the financial system is corrupt. It is generally assumed that just like most politicians, most big bankers are corrupt by nature. But the truth is that the vast majority of Americans have no idea just how corrupt the U.S. financial system has become. Read More Here

(BusinessInsider) – Morgan Stanley: A Eurozone Collapse Is Now Far More Likely, Here Are The Canaries To Watch Out For

The latest Global Monetary Analyst raises the notion of stronger Eurozone nations ditching the euro in order to form a stronger, smaller currency union. Read More Here

(EconomicCollapse) – The Federal Reserve Created This Financial Mess

When you watch the mainstream news, how often do you hear them identify the Federal Reserve as the ultimate source of all of our financial problems? Never? Well, there is a good reason. The Federal Reserve was created and continues to benefit the elite international bankers that are raping the United States blind financially. Read More Here

(SteveWatson) – Video: Banksters Rally Round Fed To Keep Bailout Trillions Secret

The largest commercial banks in the U.S. are ready to go all the way to the Supreme Court to block the public release of details pertaining to the Federal Reserve’s 2008 secretive $2 trillion bailout. Continue reading

The Future Technocracy of Digital Education and Governance Plan

If you are familiar with my blog, you will remember a series of articles I wrote on the Future of Educational Technology and Education 3.0.  I tried to bring out an accurate vision of the future direction our educational system must take to keep current with trends in the dawning digital age.  My main arguments in this article center on the need to focus educational institutions and practices into a standardized platform of delivery and measurement.  In another article, OiPC (One iPad Per Child), I try to point out the folly of spending billions trying to find solutions to problems that can be easily addressed with common sense.  There is no question that our compass of governmental spending is a bit off its declination. Continue reading

Economy

(Money&Markets) – More Retirement Disasters

I can’t believe the number of frightening retirement stories I’ve seen in just the last week. They suggest that the vast majority of our country’s citizens are completely unprepared for life after work. They point to a governmental backup system that is getting ever more desperate. And they suggest that other traditional sources of retirement income — such as corporate pensions — are in grave danger of imploding. Read More Here

(LATimes) – More homeowners are opting for ‘strategic defaults’

Underwater on their mortgages and angry at banks, more borrowers are choosing to hand over the keys, even if they can afford the payments. Read More Here

(GoldEagle) – Through a Looking Glass Darkly

“We are spending more money than we have ever spent before, and it does not work. After eight years, we have just as much unemployment as when we started and an enormous debt to boot.”
-US Treasury Secretary, Henry Morgenthau, May, 1939

I forget who first said it, but it was, “A $ million here a $ million there, pretty soon we are talking about real money.” It took approximately 20 years before it became “A $ billion here a $ billion there…..” and it wasn’t very long before “A $ billion … “became “A $100 billion…” Now, virtually overnight while no one was watching, it’s become “A $ trillion here a $ trillion there…” Are we still talking about real money? And are we still not looking? We are certainly not trying to do anything about it. Read More Here

(NYTimes) – Junk Bond Avalanche Looms for Credit Markets

When the Mayans envisioned the world coming to an end in 2012 — at least in the Hollywood telling — they didn’t count junk bonds among the perils that would lead to worldwide disaster, Nelson D. Schwartz writes in The New York Times. Read More Here

(MSNBC) – Yes, we do still make things in America

U.S. factories keep churning out goods, but jobs disappear by the millions Read More Here

(EconPolicyJournal) – The New U.S. Government Off Balance Sheet Scam

Senator Chris Dodd, who is not seeking re-election, has decided to treat the American people to one more scam, probably because scamming is all he knows how to do Read More Here

(SFGate) – Pink slips sent to thousands of Calif. teachers

California’s budget crisis could cost nearly 22,000 teachers their jobs this year. Read More Here

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

(Bloomberg) – Obama Spending Plan Underestimates Deficits, Budget Office Says

President Barack Obama’s budget proposal would create bigger deficits than advertised every year of the next decade, with the shortfalls totaling $1.2 trillion more than the administration projected, according to the Congressional Budget Office. Read More Here

(Newsweek) – The Scary New Rich

The global middle class is more unstable and less liberal than we thought. Read More Here

(BusinessWeek) – Russia May Scrap Ruble for New Customs Union Currency (Update3)

Russia may scrap the ruble and introduce a common currency with Belarus and Kazakhstan as the nations broaden their alliance and seek to reduce their dependence on the dollar, a first deputy prime minister said. Read More Here

(BusinessWeek) – Four U.S. Banks Shut Down as Failure Count This Year Reaches 26

Regulators shut banks in Maryland, Illinois, Florida and Utah, pushing the number of U.S. failures to 26 this year and placing more pressure on the Federal Deposit Insurance Corp. to dispose of a growing pile of toxic assets. Read More Here

(Telegraph) – China ready to end dollar peg

The head of China’s central bank has given the strongest signal yet that the country will move away from pegging its currency to the dollar, but he said any changes would be gradual. Read More Here

LAUSD Plans 5,200 Layoffs

In an attempt to close a $640 million funding deficit next year, the LAUSD is moving ahead with teacher layoffs. Read More Here

(NBCConnecticut) – Shaw’s To Lay Off Nearly 1,000

The Shaw’s grocery store chain, which is selling all of its Connecticut locations, says it will cut 967 jobs at those stores. Read More Here

(Telegraph) – Our world balances on a sea of debt

The banks that control the world’s supply of money are no better than counterfeiters – and their system of juggling debt has left the global economy teetering on the brink of ruin. Convicted fraudster Darius Guppy offers a provocative personal view Read More Here

(PicassoDreams) – Percentage of GDP to External Debt: Default is Inevitable

A country’s external debt is defined as the part of the total debt of a country owed to foreign creditors. These creditors may include other banks, governments, corporations, and private individuals. Read More Here

(BusinessInsider) – Europe’s New Debt Solution: Create Their Own Ratings Agency That Only Gives Friendly Ratings

Is your nation under massive financial pressure due to deteriorating sovereign debt ratings? Rising interest costs got you down? Read More Here

Economy

(Bloomberg) – House Approves $18 Billion Job Bill, Returns It to U.S. Senate

The U.S. House approved an $18 billion measure that aims to help create jobs by offering a temporary tax break to companies that hire people who have been out of work at least 60 days. Read More Here

(MaxWellLucas) – Greece – News Update

Clashes have broken out in front of the Greek parliament Friday, with one labour leader being injured, as demonstrators protested against cuts aimed at containing the country’s debt crisis. The president of the GSEE union, Giannis Panagopoulos was injured after demonstrators started attacking him with bottles and sticks, according to media reports. Riot police have used tear gas to disperse the protesters during the clashes. Read More Here

(DailyMail) – Gordon Brown ‘blunders cost every family £50,000’: PM to blame for ruining the economy, say Tories

The party says Mr Brown is personally responsible for a series of mistakes that have shattered the economy. Read More Here

(HuffingtonPost) – Senators to Obama: Stop Sending Clean Energy Jobs Abroad

Four Democratic Senators want to ensure that tax dollars are creating clean energy manufacturing jobs in America, not China. Now, they are under vigorous attack by the Obama Administration and multinational companies, many of whom have heavily subsidized operations in Europe and Asia. Read More Here

(LATimes) – Long lines at theme parks are for jobs

White-collar workers are among thousands flooding amusement parks with applications. Job fairs are superfluous. Read More Here

(LATimes) – America, the fragile empire

Here today, gone tomorrow — could the United States fall that fast? Read More Here

(Telegraph) – EU draws up plans for first direct tax with fuel levy

The European Union is drawing up plans for its first direct tax with a “green” levy on petrol, coal and natural gas that could cost British consumers up to £3 billion. Read More Here

(BusinessJournal) – Jobless rates rose in every state in ‘09

All 50 states were hit with increases of more than one percentage point in their unemployment rates last year, according to the U.S. Bureau of Labor Statistics. Read More Here

(SFExaminer) – Newsom asks dept. heads to take 10% pay cut

The City is sending out 15,000 layoff notices Friday under Mayor Gavin Newsom’s plan to rehire workers as part-timers for a savings of $50 million. He is also asking department heads to give up 10 percent of their pay and is in talks with Police and Fire employees to give up pay raises. Read More Here

(Tallahassee) – Florida’s budget gap could be as high as $3.2 billion

House Speaker Larry Cretul formally started the state budgeting process today by telling legislative money managers there will be no new taxes or fee hikes — and that they should use Florida’s shrinking revenue pot to fund education, health services and public safety above everything else. Read More Here

(TriangleBusinessJournal) – North Carolina tax collections down $35M as consumers cut spending

State revenue collections were off by $35 million through the first seven months of the government’s fiscal year as consumers continued to sit on the sidelines, a new General Assembly economic forecast says. Read More Here

(NashuaTelegraph) – Jan. foreclosures near record high

In terms of home foreclosures, Scrooge took a holiday in December, but in January, he came back strong. Read More Here

(KPVI) – Idaho tax revenue is $41M behind estimates

Idaho has missed its tax revenue forecasts by a combined $41 million since December. Read More Here

(EconomicPolicyJournal) – Iceland’s Voters About to Tell Global Banksters to Shove It

A vote is set for Saturday in Iceland on a referendum that would require Iceland to pay funds to the U.K. and the Netherlands based on U.K. and Netherlands investors who lost money because of the collapse of an Icelandic bank. Read More Here

(Guardian) – HSBC chief gets £800,000 rise – Read More Here

(Money&Markets) – Brits Pounded As Debts, Deficits Hit Home. Next Up: Us! – Read More Here

(Truthdig) – Video: ‘Colbert Report’: Greece, Frightening – View Video Here

Video: Housing Is “In a Precarious State,” Yale’s Robert Shiller Says – View Video Here

(AlexJones) – Video: Bob Chapman’s Latest Greece Banking Meltdown News on The Alex Jones Show

Part 1 – Here – Part 2 – Here – Part 3 – Soon – Part 4 – Soon

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. Continue reading

MSM: New U.S. senator helps Democrats advance jobs bill

(Reuters) – A modest job-creation bill advanced in the U.S. Senate on Monday as the chamber’s newest Republican bucked his party and sided with Democrats on a $15 billion package of tax cuts and highway spending. Continue reading

Towards a Global Systemic Crisis of the World Economy

(Leap2020) – LEAP/E2020 is of the view that the effect of States’ spending trillions to « counteract the crisis » will have fizzled out. These vast sums had the effect of slowing down the development of the systemic global crisis for several months but, as anticipated in previous GEAB reports, this strategy will only have ultimately served to clearly drag States into the crisis caused by the financial institutions. Continue reading

Will Obama’s Record War Budget Lead to a US Victory in Afghanistan? Don’t Bet On it!

(GlobalResearch) – President Barack Obama has increased the Pentagon’s perennially-bloated annual spending spree to its greatest magnitude since World War II $708 billion. Congress eventually will overwhelmingly approve Obama’s war budget request for fiscal year 2011, which takes effect in October. Continue reading

Video: More Spending Is Always the Answer – Ron Paul

(C4L) – Last week, the House approved another increase in the national debt ceiling. This means the government can borrow $1.9 trillion more to stay afloat and avoid default. It has been little more than a year since the last debt limit increase, and graphs showing the debt limit over time show a steep, almost vertical trend. It is not likely to be very long before this new ceiling is met and the government is back on the brink between default and borrowing us further into oblivion. Congressional leaders and the administration acknowledge that the debt limit will need to be increased again next year. They are crossing their fingers that the forecasts are correct and they will not need another increase sooner, even before the 2010 midterm elections. Continue reading

The Bankruptcy of the United States is Now Certain

It’s one of those numbers that’s so unbelievable you have to actually think about it for a while… Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that’s not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That’s an amount equal to nearly 30% of our entire GDP. And we’re the world’s biggest economy. Where will the money come from? Continue reading

Economy

U.S. government close to debt ceiling

The U.S. Treasury Department said Wednesday it expects to hit the government’s debt ceiling by the end of February, putting pressure on Congress to raise the limit from its current level of $12.4-trillion (U.S.). Read More Here

(SBJ) – State revenue drop leads to $74M in spending cuts

The continued drop-off in state general revenue collections has led to additional spending restrictions this year, the state budget office said Tuesday. Read More Here

(Bloomberg) – U.S. May Lose 824,000 Jobs as Employment Data Revised: Analysis

The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time. Read More Here

(WATimes) – Largest-ever federal payroll to hit 2.15 million

The era of big government has returned with a vengeance, in the form of the largest federal work force in modern history. Read More Here

(MSNBC) – No help in sight, more homeowners walk away

About 5.1 million will own a home valued below 75 percent of what is owed Read More Here

(WorldNetDaily) – The Crisis Is Not Over

Readers ask if the financial crisis is over, if the recovery is for real and, if not, what are Americans’ prospects. The short answer is that the financial crisis is not over, the recovery is not real, and the U.S. faces a far worse crisis than the financial one. Here is the situation as I understand it: Read More Here

(RawStory) – Children lead way in record New York homelessness

Kariana, aged three, has a lonely existence in the New York homeless shelter her parents moved into last year. Lonely, but not alone — there are nearly 16,000 children just like her. Read More Here

(Yahoo) – Reports: AIG to pay out $100 million in bonuses

American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees of its financial products division, the unit whose risky bets helped sink the company leading to a $180 billion government bailout, according to reports published Tuesday. Read More Here

Video: Ron Paul’s Texas Straight Talk on the Useless Spending “Freeze”

(C4L) – February 1, 2010 – Congressman Ron Paul says we need actual and significant spending cuts NOW rather than the toothless spending “freeze” that won’t start until 2011 and which, since it doesn’t affect the programs that actually need to be cut, will only make the situation worse. Continue reading

Obama State of the Union: Guns For the Pentagon, Butter For Wall Street, A Spending Freeze For You

(Uruknet) – Back during the Vietnam war, Democratic presidents Kennedy and Johnson promised we could have guns and butter too. They lied. The cost of the Vietnam war and the world’s biggest military machine quickly gutted the War on Poverty. At least our First Black President isn’t telling us that old, old lie. Not all the time anyway. At his first State of the Union tonight, President Obama is expected to declare an across the board freeze on federal spending. But not on military spending, or on the Federal Reserve pipeline to Wall Street. Hail to the chief. Continue reading

Video: Congressman Admits – ‘We’re Told Not to Call it Another STIMULUS Bill — Calling it a JOBS Bill’

Naked Emperor News “A big chunk of that work is going to be done in 2013, 2014.” – Wednesday, January 27th, 2010 – Video Link Here

MSM: Obama wants to freeze discretionary spending for 3 years

“We are at war, and we’re going to make sure our troops are funded adequately,” one of the senior officials said.
(CNN) – President Obama will announce in Wednesday’s State of the Union address that he’s proposing to save $250 billion by freezing all nonsecurity federal discretionary spending for three years, according to two senior administration officials. Continue reading

Sick-care America now needs another $1.9 trillion increase in debt limit just to stay afloat – Mike Adams

(NaturalNews) – The US government is running out of money… again. So Democrats want to increase the debt limit by trillions of dollars… again. The newly requested debt limit increase is a jaw-dropping $1.9 trillion, which would put the total national debt at $14.3 trillion. Continue reading

MSM: Corporate Campaign Spending Backed by U.S. High Court (Update4)

(Bloomberg) — A divided U.S. Supreme Court struck down decades-old restrictions on corporate campaign spending, reversing two of its precedents and freeing companies to conduct advertising campaigns that explicitly try to sway voters. Continue reading

Obama Spreads War Flames to Engulf Middle East

As President Obama steps up the war that is inflaming ever wider sectors of the Middle East, USA continues its rapid slide toward Third World status. The two developments are not unrelated. Spending on war does not boost an economy as does domestic spending—and the Pentagon has been spending trillions on war. Continue reading

MSM: December Retail Sales Drop .3 Percent, 2009 Sales See Biggest Drop In 27 Years

(Reuters) – U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades. Continue reading

MSM: Millions face new pay freeze in 2010

(Times) – Millions of people face a second year of pay freezes or salary cuts next year, dashing hopes that the end of the recession will ease the squeeze on family budgets. Continue reading

Arizona’s Coming Government Collapse

Dear Fellow Arizonan,
We face a state fiscal crisis of unparalleled dimension – one that is going to sweep over every single person in this state as well as every business and every family. Continue reading

MSM: Big payoffs to senators on health bill stoke public anger

(SFExaminer) – With the approval rating of Congress sinking in the polls and public opinion of their health care plan going down along with it, Democrats may have done themselves one favor too many this week when they riddled the bill with special deals for individual lawmakers. 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

Video: Gov’t Spending Is Like Tiger’s Dating – Jim Rogers on CNBC

“What are they going to do, quadruple the debt again? Print more money? We don’t have any trees left. We’re running out of trees.”
The U.S. government’s plan to increase spending as a way to kick-start the economy will leave the country with no way to help its way out of the next crisis, Jim Rogers, chairman of Jim Rogers Holdings, told CNBC Thursday. Continue reading

House Passes $1.1 Trillion Spending Bill

(AntiWar) – There was a time when the federal government’s annual budget was submitted by the president and decided by the Congress in a relatively straightforward fashion. A time when it wasn’t so difficult to figure out what the government spent taxpayers’ money on. Continue reading

After the holidays, filing bankruptcy may be only option for many retailers

SHTFplan contributors opined about the 2009 holiday retail season in The Recession in Pictures, with many coming to a similar conclusion to Alan Cohen, Chairman of Abacus Advisors. Continue reading

Spiralling Military Spending Creates Mass Unemployment – Washington’s Blog

I have written extensively on the fact that this is not a normal cyclical recession, and we’re not in the type of “jobless recovery” which we’ve had a couple of times in the last 50 years. Unemployment will continue rising in America for some time, which will make a real, sustainable recovery very difficult. Continue reading

Video: Ron Paul – Healthcare Reform is Economic Malpractice

As Washington continues debating healthcare reform the rest of the country is primarily concerned about jobs and the economy. It is still uncertain what policies will be implemented, but I am certain about one thing: It will only further devastate our economy and our dollar. Continue reading

Gold and Freedom – Campaign for Liberty

Among the major threats facing the American people today is out-of-control spending at the hands of the U.S. government. It is a grave danger that people have faced throughout history from their own governments. After all, let’s not forget the oft-repeated claim by U.S. officials about how they brought down the Soviet Union — by causing the Soviet government to spend itself into bankruptcy and ruin. Continue reading