Economy

(FinanceMyMoney) – Controlling the wealth of America – top 1 percent control 83 percent of U.S. stocks. As a share of personal income mortgage debt ate up 19 percent in 1949. In 2003 it went up to 85 percent. 80 percent of Americans 65 years and older depend on Social Security for half of their income – Read More Here

(Bloomberg) – Romanian Recession Deepens on Cuts, BOA Merrill Says – Read More Here

(247WallSt) – American Credit Scores Crash To New Lows – Read More Here

REPOST – (CNNMoney) – Central banks start to abandon the U.S. dollar – Read More Here

(PaulWatson) – American Idolatry Intensifies as Nation Sinks in to Depression

Programmed zombies get hysterical about basketball while their future is being destroyed Read More Here

(ZeroHedge) – Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up

The big news out of Europe this morning, and the reason for the drag on the euro is an article in Der Spiegel, “Merkel’s rules for bankruptcy” according to which Germany is now actively (and very secretly) pushing for a plan outlining a set of insolvency rules, which would require that private investors bear a portion of the rescue burden, and much more importantly, would see at least a partial give up in state sovereignty, where a new insolvency trustee (the “Berlin Club”, which we fail to see at least for now, how it differs from the Paris Club) would take implicit control over and override a default nation’s treasury, in essence pushing the bankrupt country into a form of Feudal vassal state-cum-reparations subservience. Welcome to financial warfare in the post-globalization period. Read More Here

(InfoClearingHouse) – Fix the Economy? We Have Know-how – Mike Whitney

There are remedies for recession, and the remedies are well known. But fixing the economy requires special medicine, fiscal stimulus, and if the patient does not take the medicine, he will not improve. It’s not enough to have the medicine sitting on one’s nightstand. It must be ingested before recovery can begin. Read More Here

(KeeneSentinel) – More Poverty By Any Measure

More than 15 million Americans are unemployed, homelessness has increased by 50 percent in some cities, and 38 million people are receiving food stamps, more than at any time in the program’s almost 50-year history. Evidence of rising economic hardship is ample. There’s one commonly used standard for measuring it: the U.S. Census Bureau’s poverty rate. It guides much of federal and state spending aimed at helping those unable to make a decent living. Read More Here

(FirstPost) – The big crash – America plunges into Depression – Read More here

(Telegraph) – EU to spend £1bn on pensions for retired eurocrats in 2010

The European Union will this year spend almost £1 billion on pensions for officials, giving the average retired eurocrat an income of almost £60,000, according to research carried out by the Daily Telegraph. Read More Here

(MailOnline) – Blair African charity run by banker linked to US toxic loan fraud – Read More Here

(NYTimes) – Crisis Awaits World’s Banks as Trillions Come Due

The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered as much notice: the trillions of dollars in short-term borrowing that institutions around the world must repay or roll over in the next two years. Read More Here

(CounterPunch) – The Worst of Times, the Best of Times

It’s the worst of times. America is plunging back into Depression. Only one out of every two Americans of working age has a job. Forty years ago that would have been okay. Dad went to the factory. Mom stayed at home to mind the kids. These days, just to keep the show on the road, mom and pop both work and the kids get daycare. Read More Here

(Gaurdian) – Tighter banking rules will drain £1tn from financial system, study shows

Banks are drawing on research conducted by PricewaterhouseCoopers which shows two percentage points would be sliced off economic growth Read More Here

(Telegraph) – Secret gold swap has spooked the market

IT takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion Read More Here

(WashingtonPost) – Obama’s debt commission warns of fiscal ‘cancer’

The co-chairmen of President Obama’s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer “that will destroy the country from within” unless checked by tough action in Washington. Read More Here

(AFP) – More and more Americans preparing for social unrest – Read More Here

(RawStory) – Sen. Kyl: $678-billion tax break for rich should not be offset

Sen. Jon Kyl, Republican of Arizona, believes that any extension to unemployment benefits “ought to be paid for.” But when it comes to the $678-billion cost of extending the Bush-era tax cuts for the wealthy, the senator says no offsetting is necessary. Read More Here

(KurtNimmo) – Video: Dollar Devaluation and Destruction of America Pick Up Steam

Back in January Lindsey Williams’ insider sources told him the dollar will be devalued within a year. In response, oil and food prices will rise significantly and the elite and banksters will move assets into gold and silver. Continue reading

Video: Lindsey Williams Returns to Update Us About Toxic Gases Spreading into Florida on Alex Jones Tv

(June 17) – Pastor Lindsey Williams returns to talk with Alex about the BP oil gusher. On June 10, Williams told the Alex Jones Show that toxic gases coming from the BP oil gusher pose a threat to residents of the Gulf States. Continue reading

Video: May Levels of Toxic Gases in Gulf Back Up Claim Made by Lindsey Williams

(Infowars) – Appearing on the Alex Jones Show earlier in the week, pastor Lindsey Williams said that gases — Hydrogen Sulfide, Benzene, Methylene Chloride, and other toxic gases — pose a greater risk to human health than the presence of oil washing up on Gulf of Mexico beaches. Williams said the EPA is not reporting on the amount of gases escaping from the BP oil gusher. However, the second video below suggests the EPA has released data on the amount of Hydrogen Sulfide and Benzene in the air in Louisiana. Video Link Here

See Also:

(Bloomberg) – U.S. Gives BP 48 Hours to Boost Containment Capacity – Read More Here

(OpEdNews) – B.P, Halliburton and Transocean have unleashed Armageddon and now there is no stopping it

Senator Bill Nelson has told us how bad it is.

This is our worst nightmare. The oil industry has killed the Gulf of Mexico. Read More Here

(NannyStateLiberationFront) – Obama Issues Executive Order Mandating “Lifestyle Behavior Modification”

White House Chief of Staff Rahm Emanuel is fond of saying, “You don’t ever want a crisis to go to waste; it’s an opportunity to do important things that you would otherwise avoid.” Well, the Obama Administration certainly has not let the British Petroleum (BP) Deepwater Horizon oil rig crisis go to waste, using it as a smokescreen to silently assault and further diminish American citizens’ personal freedom. Read More Here

(KSL) – Massive cleanup effort underway after oil leak in Red Butte Canyon

A massive effort is underway to clean up the damage left behind when a Chevron pipeline leaked up to 21,000 gallons of oil into Salt Lake City waterways Saturday. Read More Here

(OilSpill) – Oil Spill Crisis Map – Read More Here

(RevolutionRadio) – MARTIAL LAW ALERT: Gulf Coast Evacuation Scenario Summer/Fall 2010

SoCal Martial Law Alerts (SCMLA) has been in existence for a year and a half and this is our first MARTIAL LAW ALERT.

We have withheld putting out information on the Gulf oil spill for a variety of reasons, but there is now enough evidence for us to put together a fairly clear picture of what really happened, what may result and to warn people who live in the area.

THE SITUATION: Read More Here

(FemaleFaust) – BP’s Dispersants Are Used Already —- For GM Crops

Corexit EC9527A is 30-60% 2-Butoxyethanol by weight. 2-B ( I will use the abbreviation 2-B ) is a main ingredient in many fertilizers, pesticides, herbicides ( especially Roundup ), insecticides, fuels, fungicides, cosmetics & leather treatment , and oddly enough, it is commonly used for ” handling ” oil spills – Read More Here

(MSNBC) – Video: Frightening Assessment of BP Blowout on Ratigan Show

Simmons remarks that this is the biggest blowout in the “history of the world.” For a rig the size of an aircraft carrier it took 2 days to “melt it down”, he said. Continue reading

Video: Lindsey Williams Talks with Alex Jones About Deadly Gases Leaking from BP Spill

Updated With: Video: James Delingpole Covers The BP Gulf Oil Disaster on Alex Jones Tv

(June 10) – Appearing on the Alex Jones Show on June 10, 2010, paster Lindsey Williams reveals the real threat posed by the leak. Continue reading

Video: Have You Received Your Unconstitutional Census Form Yet?

(Fox) – Walter E Williams discusses the bastardization of the census with Judge Napolitano on “Freedom Watch.” Continue reading

Is The Recovery Real? – Paul Craig Roberts

Happy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over.
Or is it? Statistician John Williams has informed us that 69 percent of this growth, or 4.1 percentage points, is the result of inventory accumulation. That leaves a 1.8 percent growth rate, and the 1.8 percent is likely due to the underestimate of inflation and other statistical problems. Continue reading

Video: Lindsey Williams on Alex Jones Tv – OPEC’S Debt Obligation Crisis & Israel’s Ties To Hamas!

(February 25, 2010) – Lindsey talks with mr. X and gives alex the latest update on the future of America and it’s monetary system.Lindsey also reveals what the globalist plans are for the rest of the world. Continue reading

Video: Inflation, Debt, and Wish-it-were-so Economics

On January 26, 2010, Freedom Party leader Paul McKeever was a panelist on “On the Line” (CTS) with host Christine Williams.

In these excerpts, Paul and the panel discuss inflation, debt, and economics experts who believe an economy can be kept healthy by encouraging people to convince themselves that it is healthy. Continue reading

Video: Lindsey Williams on Jeff Rense – January 28, 2010

Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams’ love for his country and concern for the spiritual welfare of the “pipeliners,” ; he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis. Continue reading

Video: Lindsey Williams on The Alex Jones Show – Economic Warfare Declared on Americans by The Elite!!

Alex continues his discussion with pastor Lindsey Williams about the plans of the elite to crash the economy. Continue reading

MSM: Bank failures top 100 for year; most since 1992

(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

MSM: Bailout May Cost $23.7 Trillion – Barofsky

(HuffingtonPost) – The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday. Continue reading

Made In China – Importing America To Its Own Death

During the Bolshevik Revolution that led to communist Russia, Comrade Vladimir Lenin said, “Sell the capitalists enough rope and they will hang themselves!”
Nearly 100 years later, Lenin’s predictions reveal his veracity with chilling fruition. The United States bleeds $11 trillion in debt. It suffers a $700 billion annual trade deficit, mostly with China, which by the way thrives as a communist nation selling us lots of ‘rope’, i.e., consumer goods. We import another $700 billion in oil annually from other countries. We borrow $2 billion daily to float our sinking economy. The average American’s credit card debt equals $9,425.00 according to NBC’s Brian Williams. We suffer 15 million unemployed American workers and 35 million subsisting on food stamps. Continue reading

The Rich Have Stolen The Economy – Paul Craig Roberts

Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers. Continue reading

Video: Recently Surfaced Video Shows Numerous Mass Grave Crypts in Houston

The following video was shot in March when Infowars reported on the existence of mass graves in Arizona and Texas. On March 28, we posted photos of a mass grave site at the Houston National Cemetery administered by the Veterans Administration. Continue reading

Whose Economic Recovery?

President Obama’s highly anticipated health care speech started on a totally different subject: The economy. Continue reading

Video: Lindsey Williams on Alex Jones Tv – The Coming Food Crisis of 2009!!

(FLASHBACK – March 2009) – Alex welcomes back to the show Alaskan-pastor Lindsay Williams, who accurately predicted the fall of oil prices based on insider information. Continue reading

Experts: Depleted Uranium Creates Problems for Years After Initial Impact

(PalTel) – We have seen many threats and accusations made against Iran and its Nuclear Research Programme with condemnations coming from the US, UK, NATO countries and the “Big Boys Club” known as the UN Security Council. Repeated warnings and many dress rehearsals for such an attack have been carried out by Israel. This cat-and-mouse game has gone on for many years but have Israel and their allies ever looked at the consequences of this ill-conceived plan? Continue reading

A rising tide of social misery

Contrary to Obama administration and media claims about the recession “easing,” millions of working people in America are losing their jobs, earnings and health care benefits at an accelerating pace. Continue reading

Pesticides and preservatives causing Alzheimer’s, Parkinson’s and other ailments

Many chemicals we commonly use are suspected of generating this increase in brain proteins, including pesticides, fertilizers and food preservatives. A new study found that a chemical ingredient that has been used as a food preservative contributes to several diseases. Continue reading

NSA To Spend $1.8 Billion on New Data Center

The United States’ National Security Agency (NSA) is planning on spending around $1.8 billion to build itself a new, million square foot data center in Fort Williams, Utah, according to a document on military construction for 2009. Continue reading

Film: The Panama Deception – John Pilger

The Panama Deception documents the untold story of the December 1989 U.S. invasion of Panama; the events which led to it; the excessive force used; the enormity of the death and destruction; and the devastating aftermath. Continue reading

MSM: Venezuela bans Coke Zero, cites “danger to health”

(Reuters) – The Venezuelan government of U.S.-critic President Hugo Chavez on Wednesday ordered Coca-Cola Co to withdraw its Coke Zero beverage from the South American nation, citing unspecified dangers to health. Continue reading

FBI Blows It: Supposed Terror Plot Against NY Synagogues Is Bogus

Turns out it is really the handiwork of a creepy FBI informant. The story strengthens the narrative that the “homeland” is under attack. It’s not. Continue reading

MSM: Paulson Memo Warned Banks to Take Aid or Be ‘Exposed’ (Update1)

(Bloomberg) – Former Treasury Secretary Henry Paulson, describing nine U.S. banks as “central to any solution” of the credit crisis, told their leaders to take government aid or be forced to by regulators, according to a memo his staff prepared for a private meeting in October. Continue reading

Federal Troops Deployed Against Influenza Protesters in Mexico City

D. H. Williams of the Daily Newscaster links to a YouTube video showing large numbers of federal troops in Mexico City deployed to stop protests against the government in Mexico City. Continue reading

Combat Support Battalion Deployed to “Maintain Public Order” at Boston Marathon

On Monday, the National Guard deployed 400 Massachusetts National Guardsmen from the 126th Combat Support Battalion to keep the Boston Marathon race route clear for more than 26,000 runners, according to the U.S. Army website. Continue reading

Video: Lindsey Williams on ‘The InfoWarrior’ with Jason Bermas

Jason welcomes Lindsey Williams, the economic analyst who accurately predicted both the recent rise and fall in oil prices. – “Super Hyper Inflation Coming Soon” – April 10, 2009 Continue reading

Obama’s New World Order

This article addresses Washington’s financial coup d’etat in the context of discussing Michael Hudson’s important, very lengthy and detailed April 5 Global Research.ca one titled: “The Financial War Against Iceland – Being defeated by debt is as deadly as outright military warfare.” It reviews its key information in advance of Hudson’s April 14 scheduled appearance on The Global Research News Hour to discuss. Continue reading

Anti-Loitering Bill Called Unconstitutional

A bill criminalizing gatherings of more than two people in DC is drawing outrage and opposition from community and labor activists, as well as civil rights advocates. “This is a clear and blatant violation of the Constitutionally-guaranteed right of the American people to assemble,” Continue reading

Video: It’s Getting Ugly: Economist Says Hoard Gold & Scotch

Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper Continue reading