(NaturalNews) – Back in the 1990s, the idea of growing food in the suburbs, getting “off the grid,” and learning survival skills was thought to be something only militia members and lone rangers living in the woods would do. Today, a new type of survivalism has emerged in light of economic and political turmoil that people from all walks of life are embracing. Continue reading
Pakistan has been labeled the most dangerous country in the world, (a safe haven for terrorists). The leaders of our country are eager to invade and the mainstream media is working tirelessly to create the fear that will allow them do so. The fact that only six corporations dominate our major media outlets, it’s obvious that our information sources serve the interests of the controlling. For that reason, I set out on a trip to Pakistan to find out what is actually going on in that country. What I discovered shocked me. Continue reading
(MSNBC) – WASHINGTON – The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from bad loans and the recession goes even deeper than the number suggests. Continue reading
The vast majority of German Jews “vehemently rejected Zionism as an enemy from within.” They were Germans. Eighty thousand had fought in the trenches and 12,000 had died. “Nowhere was the opposition of Jews [to Zionism] so widespread, principled, and fierce as in Germany,” a Zionist historian wrote. (168) Continue reading
“Since 1945, the US dollar has been the world reserve currency. As its value depreciates, countries holding huge dollar reserves begin to worry. China in particular has expressed grave concerns since it holds nearly $2 trillion in US currency reserves, mostly in the form of US treasury bonds. According to some reports, it is drawing down its dollar reserves by purchasing gold and stocks of raw materials and energy.” Continue reading
The Friday night, June 27th FDIC Financial Follies were presented again at 9:00 pm EST. That is so the public will not hear about the failures. Five U.S. banks with total assets of about $1.04 billion were seized by regulators, pushing this year’s tally of failures to 45 as a recession drives up unemployment and home foreclosures. Continue reading
A world stock market collapse could be imminent as a source of dollar support Continue reading
It’s been 21 months since two Bear Stearns hedge funds defaulted setting off a series of events which have led to the gravest economic crisis since the Great Depression. No one expected the financial meltdown to hit this hard or spread this fast. Continue reading
Pakistan’s president, Asif Ali Zardari, was facing a revolt from inside his party yesterday as negotiations to end a standoff with opposition leaders failed to make headway and the threat of turmoil in the nuclear-armed nation provoked increasing international concern. Continue reading
With growing instability and political turmoil inside Afghanistan and Pakistan, due in no small measure to American efforts on both sides of the “Afpak” divide to “stabilize” the region for multinational energy companies, this spring will see the rise of combat operations inside both countries.
Pakistan is already feeling the heat generated by the imperialist Dracula and the jihadi Frankenstein. Continue reading
The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top adviser to President Barack Obama, said on Friday. Continue reading
On October 28, the Financial Times’ columnist Martin Wolf wrote: “Preventing a global slump must be the priority.” He cited Nouriel Roubini back in February listing “twelve steps to financial disaster,” all of which the US took and dragged the whole world down with it.
Priority one is to rescue it and avoid a possible depression. “Given the near-disintegration of the western world’s banking system, the flight to safe assets, the tightening of credit to the real economy, collapsing equity prices, turmoil on currency markets, continued steep declines in house prices, rapid withdrawal of funds from hedge funds and ongoing collapse of the so-called “shadow banking system.” More worrisome is that “next year could be far worse” so what does Wolf think should be done? Continue reading
While investors and the media look to the market numbers as an indication of where the economy is headed, others are looking to political leaders who say bailing out Wall Street is not enough.
Retirement accounts have lost $2 trillion, leading Americans to keep working, stop saving
WASHINGTON (AP) — Americans’ retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value — Congress’ top budget analyst estimated Tuesday as lawmakers began investigating how turmoil in the financial industry is whittling away workers’ nest eggs. Continue reading
The credit crisis, which has been building slowly for the past year, is now moving so fast that governments around the world are finding it impossible to keep pace.
On Saturday Angela Merkel, the German leader, criticised last week’s decision by the Irish to guarantee all deposits in their leading banks without consulting other European countries. The Irish Government said that the move was forced on it by the threat of a run on one of its banks. Only a day later Ms Merkel was forced to take almost the same action in almost the same circumstances. Continue reading
Chinese state media has blamed the US for unleashing financial “weapons of mass destruction” and sparking a global market “tsunami”.
China’s official People’s Daily warned on Wednesday that the US had set off a “financial tsunami” by allowing Wall Street lenders to trade in subprime debts and unstable financial derivatives. Continue reading