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The Great Depression of the 21st Century

Lessons from Argentina's economic collapse
Editor's note: the article that follows is a very sobering account of the effect that the collapse of the Argentine economy (1999 - 2002) had on its citizens, as seen through the eyes of one of them. The economic collapse wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina's assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan (sound familar?). The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition. I am not sure the same thing is about to happen here, but I am sure that there is a distinct possibility that it might. Just food for thought - JSB)

The Death of the "Dollar"
Banking is one of the few businesses in which crime is rewarded; and the bigger the crime, the greater the reward. The perpetrators take down millions in bonuses and do not go to prison. Ayn Rand disciple Alan Greenspan, former top Fed swindler, more than any other man got us into this mess; now he is telling clients in the Middle East to dump the “dollar” and go to the Euro.

The Financial Destruction Of The Average Man
This weekend's meeting of four heads of central banks communicates the size of the OTC derivative disaster. It is a system that is broken. A bailout will require the printing of trillions of dollars worth of monetary stimulation making Bernanke's helicopter drop look like chump change.

Fed Has "Given Up" On The Dollar
Expert investor Jim Rogers has slammed the Federal Reserve for destroying the dollar in order to rescue Wall Street, calling it "outrageous" that Ben Bernanke used $230 billion of taxpayers money to bail out Bear Stearns and other banks last week, and urged people to shift their assets completely out of dollars because the Fed had "given up" on the greenback.

Gulf States Creep Away From Plunging Dollar
Gulf States are set to follow former Fed chairman Alan Greenspan's advice and dump their dollar peg following a benchmark meeting tomorrow, with analysts predicting a slow but deliberate creep away from the greenback rather than an imminent decoupling, a move that could have devastating consequences for the American economy.

March 20th 2006 it started: Get ready for $6 to $7 Gasoline and $2000+ Gold before the end of 09 and 20 dollars for a loaf of bread by 2011! Thanks to your Globalist World Bank Masters!

Out of the Ashes: A New World Order
As the United States faces an economic crisis that is being compared by experts to the 1929 Great Depression, the global elite are proclaiming the fall of the US and the rise of a new global order. The IOL reports that the recent meeting in Davos, Switzerland, which focused in part on the global economic meltdown, pointed to "global" solutions and the need for a strengthened United Nations in the face of world crises.

Great Depression Brings 7-Year World Order?
These are very interesting articles that together point to a Great Depression causing nations to join the various national unions that will make up the ten kingdoms of the One World Order covenant. At the same time negotiations are in process to join the unions themselves together. The North American Union is in the process of joining with the European Union. The thinking is there will be economic safety in numbers. This catastrophe will do much to quickly bring about the "covenant with many."

Homeland Security Contracts for Vast New Concentration Camps
A little-known $385 million contract for Halliburton subsidiary KBR to build detention facilities for "an emergency influx of immigrants" is another step down the Bush administration's road toward martial law

Moneychangers destroying America -Christians don't see it
It is modern moneychangers who bully and bribe our spineless and greedy politicians (from both parties) into passing so-called "free trade" deals such as NAFTA, CAFTA, and the FTAA, which have all but destroyed America's manufacturing base and have put millions of American workers out of their jobs. It is the moneychangers who are the driving force behind the burgeoning North American Union, which sacrifices America's national sovereignty and independence.

"If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be." Thomas Jefferson See: Thomas Jefferson On Banking

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DOLLAR DECEPTION
How Banks Secretly Create Money

THE GOVERNMENT OWNS IT "ALL" BY INVESTMENT
Smile Comrade, it could be worse? Or could it?

Alex is joined in-studio by independent financial researcher Dr. Bill Veith, to discuss the history of money, the counterfeit worldwide monitary system, and the recent spike in gold prices.Secrets of the Federal Reserve & The Fiat Money System

NAFTA's Downsides
Tampa Tribune, FL 
Example: The North American Free Trade Agreement "NAFTA." This trade agreement sharply lowered tariffs and investment barriers among the three countries: ...
A Mexican view of US immigration debate MiamiHerald.com
all 2 news articles »

Can’t pin NAFTA on Bush
Youngstown Vindicator, OH
Maybe she forgot that it was her husband who signed the NAFTA agreement, not George W. Bush. Remember the warning about “that giant sucking sound would be ...

Mexican Farmers Protest NAFTA Hardships
People's Democracy 
... farmers are angry about Calderon's refusal to heed their demand to renegotiate agricultural clauses of the North American Free Trade Agreement (NAFTA). ..

Obama criticizes Clinton on NAFTA
United Press International
"I didn't just start criticizing unfair trade deals like NAFTA and China because I started running for president," Obama said, referring to the North ...

In Mexico, old US cars find new homes
Los Angeles Times, CA 
Things changed in summer 2005 as the Mexican government was gearing up to meet its NAFTA obligations. That trade deal requires Mexico to begin opening its ...
More old US cars going to Mexico United Press International
Mexico a thriving market for smoky old US cars Newsday
all 12 news articles »

Bill Clinton Continues Double-Edged Role on Campaign Trail
FOXNews
But Clinton's economic legacy, particularly on NAFTA, could also pose a problem for Hillary Clinton. Blue-collar Ohio Democrats see NAFTA as the cause of ...

Obama's Disappointing Trade Shift
New Republic (subscription), DC
This is disappointing in large part because Obama's 2005 op-ed opposing CAFTA is a model of responsible populism. Obama explained carefully that he was ...

No NAFTA Trucks on our Highways!
Food Consumer, IL
By Public Citizen The administration is continuing its push to expand the NAFTA trucking program -- the controversial "pilot program" giving Mexico-based ...

Obama's misleading NAFTA attack
Boston Globe, United States
Ohio blogger Jeff Coryell has posted images of a flier he received in the mail from Barack Obama slamming Hillary Clinton over NAFTA, a direct appeal to ...

NAFTA OR FTAA OR CAFTA - Google News

Leading Economic Writer: Financial Meltdown A "Gigantic Fraud"

Banks face "new world order," consolidation: report

Bear Stearns Rescue Is `Finger in Dike,' Scholars Say

IMF, OECD hit alarm buttons for crisis-hit global financial system

Welcome to the Future: The Second Great Depression

Who Traded 55,000 Bear $30 Puts Tuesday?

Stocks Mixed After Bear Stearns Deal

Currency Strategists Warn of Intervention to Salvage U.S. Dollar

IMF chief says contagion risk ‘very high’

Greenspan: Economy Worst Since World War 2

Turning Point For The Dollar?

Dollar sells off after Fed's emergency measures

NZ market hit by US meltdown

Oil plummets on economy worries

Housing Predictor: Economy on the Edge of Depression

Not Just Recession, Clinton Appointee Talking 'Depression'

U.S. Futures, Global Stocks, Dollar Decline After Fed Cuts Rate

Dollar's nosedive stirs joint intervention jitters

Dollar Doomsayers Draw Signs From Bernanke Rate Cuts

Treasury Secretary refuses actions to strengthen dollar

Pound Slumps to Record Versus Euro After Fed Cuts Discount Rate

Bernanke Saves Bear Stearns While Americans Live In Tents

Fed acts Sunday to prevent global bank run Monday

Dollar dives to near 13-year low vs. yen

Global market panic sparks more gold buying, bullion near record

How bad is the mortgage crisis going to get?

Oil Nears $110 a Barrel

The grim reality of economic truths

Why the US has really gone broke

Largest U.S. Underground Welfare State

To Die For NAFTA

Professor: Big Money Behind Global Warming Propaganda

New Proposals To Fight Global Warming Would End Civilization, Kill Billions

Sorting Through the Rubble in Post-Bubble America

Billionaire Investor Sees Bank Failures Ahead

Will You Survive The Coming Financial Crash? (pdf)

The YELLOW BRICK ROAD TO ARMAGEDDON
Aubie Baltin CFP. CTA, CFA, Phd. (retired)

Both the Economy and Stock Markets are unfolding, almost as if on cue to the play I have been writing during the last year or so. I am not sure whether to be happy or sad as more and more analysts begin to see the dangers that lie beneath the surface and recognize the far reaching effects of the problems You may recall that I was always kind of hoping that this time I would be completely wrong. While it’s nice to get a little company after standing alone; I am sure we would all rather be wrong than have to bear witness to what’s coming.

Why did Bernanke cut the Fed Funds rate by an unprecedented inter-meeting 75bps, followed two weeks later by another 50bps? The flow of bad news in December to mid-January did not, by itself, justify such radical action. In order to understand these moves, one has to read between the lines and ignore the Pollyannish babbling of our Media, Politicians and Financial pundits and look instead at the rising probability of a "Catastrophic" financial and economic collapse (1930’s type depression). It now looks like the Fed is seriously worried about the risks, the likes of which have not been seen since the 1930’s. After a year in which the FED and the Treasury were underplaying the economic and financial risks – The FED has been pressured into taking a very aggressive, wrong headed, Keynesian(Socialist) approach to risk management. To understand the risks that the financial system is facing, let us examine the "nightmare" scenario that financial officials around the world have suddenly become aware of and which can no longer be swept under the rug. MORE

PROTOCOLS FOR ECONOMIC COLLAPSE IN AMERICA
by Al Martin

And this is how the U.S. Treasury would handle an economic collapse. It's called the 6900 series of protocols. It would start with declaring a force majeure, which would immediately be interpreted by the marketplaces as a de facto repudiation of debt. Then the SEC and the various regulatory exchanges would anticipate the market's decline, hour by hour -- when Japan's markets opened the next day, what would happen when the European markets, and all the inter- linkages of the global markets. On the second day, US Special Forces would be dropped in by parachute in the cities where the twelve Federal Reserve district banks are located.

The origin of these protocols comes from the Department of Defense. This is contingency planning for a variety of post-collapse scenarios. Those scenarios would include, obviously, military collapse, World War III, in other words, and its aftermath. What we're talking about now is aftermath -- how the aftermath would be handled.

Economic collapse scenarios were always premised on the basis of a US declaration of force majeure on debt service. It's a very extensive scenario. The scenarios are all together, i.e., military, economic, political and social complete destabilization leading to collapse. Then they break down individual scenarios. In the economic collapse scenario, the starting point would be the United States Treasury declaring a force majeure on debt service, which is de facto repudiation, and that's how it would be interpreted by the world's capital marketplaces. MORE

Crisis of the World Financial System: The Financial Predators had a Ball

F. William Engdahl
Global Research
February 23, 2008


Colossal Collateral Damage

The multi-trillion dollar US-centered securitization debacle began to unravel in June 2007 with the liquidity crisis in two hedge funds owned by Bear Stearns, one of the world’s largest and most successful investment banks. The funds were heavily invested in sub-prime mortgage securities. The damage soon spread across the Atlantic to a little-known German state-owned bank, IKB. In July 2007, IKB’s wholly-owned conduit, Rhineland Funding, had approximately €20 billion of Asset Backed Commercial Paper (ABCP). In mid-July, investors refused to rollover part of Rhineland Funding’s ABCP. That forced the European Central Bank to inject record volumes of liquidity into the market to keep the banking system liquid.

Rhineland Funding asked IKB to provide a credit line. IKB revealed it didn’t have enough cash or liquid assets to meet the request of its conduit, and was only saved by an emergency €8 billion credit facility provided by its state-owned major shareholder bank, the Kreditanstalt für Wiederaufbau, ironically the bank which led the Marshall Plan reconstruction of war-torn Germany in the late 1940’s. It was soon to become evident to the world that a new Marshall Plan, or some financial equivalent, was urgently needed for the United States economy; however, there were no likely donors stepping up to the plate this time. MORE

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance." - James Madison

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Homeland Security To Confiscate Bank Safe Deposit Box Contents
A family member from Irvine, CA (who’s a branch manager at Bank of America) told us two weeks ago that her bank held a "workshop" where the last two days were dedicated to discussing their bank’s new security measures. During these last two days, the workshop included members from the Homeland Security Office who instructed them on how to field calls from customers and what they are to tell them in the event of a national disaster. She said they were told how only agents from Homeland Security (during such an event) would be in charge of opening safe deposit boxes and determining what items would be given to bank customers.

Bank Failures? No big deal, says CNN
Banking experts say there is one thing that will save your money if your bank goes under. That’s FDIC insurance. “It’s the gold standard,” says banking consultant Bert Ely. “The FDIC has ample resources. It’s never been an issue,” he says

Ron Paul and Tax Terrorism
Dr. Paul wants to go directly for the jugular of the REAL terrorists in America - the IRS and the Federal Reserve! "Terrorism" is a very apt description because the operation and success of the IRS are based almost entirely on fear. Make no mistake about it: the IRS has repeatedly proven its ruthlessness. Abuses by the IRS have been widely publicized, recently very notably in the documentary film "America - Freedom To Fascism" by the late Aaron Russo.

The World's Growing Food-Price Crisis
Soaring prices of staples — which have risen about 75% since 2005, driven by growing demand, rising oil prices and the effects of "global warming"(sic) — have sparked riots in several countries, as people reel from sticker shock and governments scramble to feed their people. Note:This food shortage was planned by the international banksters as they accelerate their planned geneocide to depopulate the earth.

Ron Paul's Statement on “Monetary Policy and the State of the Economy”
Price controls are almost universally reviled by economists. The negative economic consequences of price floors or price ceilings are numerous and well-documented. Our current series of hearings have been called to discuss the most important, but least understood, price manipulation in the world today: the manipulation of the interest rate.

Traitor Greenspan Urges Gulf States To Abandon Dollar
Alan Greenspan has again exposed himself as a traitor working against the interests of the American people by urging Gulf states to abandon the dollar peg, a move that could result in financial chaos and an economic depression in America.

Moneychangers destroying America -Christians don't see it
It is modern moneychangers who bully and bribe our spineless and greedy politicians (from both parties) into passing so-called "free trade" deals such as NAFTA, CAFTA, and the FTAA, which have all but destroyed America's manufacturing base and have put millions of American workers out of their jobs. It is the moneychangers who are the driving force behind the burgeoning North American Union, which sacrifices America's national sovereignty and independence.

Bank Losses "Grossly Underestimated", "Fundamentals Rapidly Deteriorating"
The rate of loan losses is ``grossly underestimated by consensus estimates'' at Citigroup and other U.S. banks, Whitney wrote. ``Core fundamentals are rapidly deteriorating.'' She cut her per-share prediction for 2008 earnings by more than 70 percent to 75 cents. The New York-based company's shares could fall more than 36 percent to less than $16, she wrote.

Attorney Michael Minns Beats IRS, Again
Two innocent and patriotic citizens’ dodge 64 IRS lethal bullets in a triumph for justice and the American way. James and Pamela Moran, facing a possible 180 combined years of incarceration were found not guilty by a jury of their peers on all 64 charges of an indictment in a Federal Courtroom.

J.P. Morgan To Buy Bear Stearns For $2 A Share
J.P. Morgan Chase & Co. is buying battered broker Bear Stearns Cos. for $236 million in a Federal Reserve-backed bailout unprecedented in scope and execution. The Federal Reserve, which cut the discount rate in a coordinated move with its announced backing of the deal Sunday evening, is taking the extraordinary step of providing special financing in connection with this transaction.

The Implosion is Accelerating, Prepare While You Can
National Guard units are training and preparing for urban combat. The United States has just reached an agreement with Canada’s armed forces to come in to this country and assume combat roles should they be needed in American cities and towns. The Federal Reserve’s last ditch effort to stem the “blood loss” in the sub-prime and other currency markets has failed. The dollar has been abandoned for Euros. The stock market can’t find its ass with both hands and a Chinese made, Wal-Mart sold ass finder. Israel has demanded that all of the financial aid it receives from Washington (that’s us) be paid for in Euros. The ultimate irony and slap in the face. Oil, dairy, wheat, wheat products, gold, silver, copper prices, the list goes on and on, are racing for the stratosphere with no end in sight. An implosion has begun and it has no known method of stopping or reversing until critical mass is reached. It will be followed by an explosion in the economy and the political realm unseen since the founding of this nation.

Welcome To The Second Great Depression
Last Friday we got a taste of what the future is likely to be like as we make our way further into the belly of the second great depression. The Fed rushed to bail out a venerable Wall Street institution, which was rumored to be insolvent. Sunday evening, that rumor was confirmed to be true, as Bear Stearns agreed to sell itself to JP Morgan for a paltry $2 per share. Two dollars! This for a firm that was trading at $170 just over a year ago, and was as high as $54 just Friday! If Bear Stearns is only worth $2 per share, how can we possibly say with any confidence what other "investment banks" are worth?

Gold futures push past $1,000
Gold prices are skyrocketing to record highs above $1,000 (U.S.) an ounce. The sharp rise is being driven by a faltering U.S. economy and struggling greenback, leading wary investors to pile into gold in search of a hedge against inflation. Strategists are divided on whether the precious metal’s bull run has gotten ahead of itself, with some predicting a correction and others calling for gold to hit $2,000 an ounce, or more, in the next year.

Carlyle Hedge fund on verge of collapse
Carlyle Capital Corporation (CCC), a unit of the private equity firm Carlyle Group, has said it will not be able to meet lenders' demands for money.

Corporate Media Snowjobs Dollar Crisis
CNN has echoed the Bush administration's snowjob policy on the dollar crisis by ludicrously citing "experts" who claim that the unprecedented plunge of the greenback is "not necessarily a bad thing for the U.S. economy."

Wheat Fungus Could Cause Mass Starvation
Epidemic of world hunger looming, new research shows. That's because Cyclone Gonu blew a wheat fungus out of Africa and toward the Asian breadbasket, speeding by an estimated two years the spread of the devastating crop disease, called Ug99.

Expert Fears Dollar Crash As Greenback Hits New Lows
Underscoring how the administration has lost all traces of credibility, President Bush's bumbling attempt to lend the ailing greenback some strong rhetorical support only backfired, preceding a new all time low against the Euro, while one expert expressed fears of a complete dollar crash.

Meltdown Looms Larger as Credit Markets Freeze
"It's another round of the credit crisis. Some markets are getting worse than January this time. There is fear that something dramatic will happen and that fear is feeding itself," Jesper Fischer-Nielsen, interest rate strategist at Danske Bank, Copenhagen; Reuters

Expert Fears Dollar Crash As Greenback Hits New Lows
Underscoring how the administration has lost all traces of credibility, President Bush's bumbling attempt to lend the ailing greenback some strong rhetorical support only backfired, preceding a new all time low against the Euro, while one expert expressed fears of a complete dollar crash.

Campaign Warns Of "Economic Disaster" If Climate Policies Are Followed
A national media campaign launched this week warns that following global warming policies would "spell economic disaster" in the United States and "would mean misery, starvation and death on a massive scale" for people in less developed countries.

Dollar Declines on Speculation Fed Rescue Package Won't Succeed
The dollar fell against the euro and the yen on speculation the Federal Reserve's plan to provide funds to banks won't be enough to break the gridlock in money- market lending and stem credit losses.

September 2008 Collapse Of US Real Economy
The end of the third quarter of 2008 will be marked by a new tipping point in the unfolding of the global systemic crisis. At that time indeed, the cumulated impact of the various sequences of the crisis will reach its maximum strength and affect decisively the very heart of the systems concerned, on the frontline of which the United States, epicentre of the current crisis. In the United States, this new tipping point will translate into a collapse of the real economy, final socio-economic stage of the serial bursting of the housing and financial bubbles and of the pursuance of the US dollar fall. The collapse of US real economy means the virtual freeze of the American economic machinery: private and public bankruptcies in large numbers, companies and public services closing down massively.

The Long Slide Ahead
That “Almighty Dollar” you used to hear about is heading straight towards the scrap heap of junk currencies (think Ruble, Rupee, Lira, Escudo). Several decades of foolishly voting for charlatan politicians, who assured us we could rule the world as we saw fit with a military whose costs were greater than the rest of the world’s armies combined, and who assured us we didn’t need to pay for our wars and our military might because we could just borrow money to keep the government running, have finally run us up against a wall.

Dollar dives as Fed rate cut eyed
The dollar slipped against the euro Monday, but traded above the all-time lows from last week when investors recoiled from dire U.S. jobs figures.

Oil roars to record over $108 on weak dollar
Oil shot to a record over $108 a barrel on Monday, extending a rally led by investors seeking a hedge against the tumbling dollar and inflation.

More Leading Economists Say US Is Now In Recession
More leading economists have conceded that the US economy is now in recession after figures, released on Friday, revealed a second successive monthly fall in employment.

Rush for biofuels threatens starvation on a global scale
We can end “climate change” with biofuels but this will lead to starvation and population reduction, sort of the way our rulers planned it all along

Gulf investors may not save Citigroup, Dubai executive says
Sameer Al Ansari, Chief Executive of Dubai International Capital told delegates at a private equity conference that it will take more than the combined efforts of the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi investor Prince Alwaleed bin Talal to save the bank.

The U.S. Dollar Is Being Destroyed
The U.S. Dollar is being destroyed through inflation and those who own precious metals will be rewarded as precious metals serve as a fantastic defense against the criminal central bankers that set these criminal policies

Gold powers to record on oil, eyes $1,000
Gold powered to a new high near $980 an ounce on Friday after crude oil set an all-time high of above $103 a barrel, igniting inflation worries and another round of buying from investors and speculators.

The Anti-Gold Standard Gospel According to Barron Smith
Barron Young Smith is a financial journalist whose piece What Would Happen If We Adopted the Gold Standard? is appended below. He describes Ron Paul's campaign to restore Constitutional money in the U.S. as being "populist". He adds insult to injury in saying that "Ron Paul... is on a crusade to resurrect a great symbol of Wall Street-Washington dominance over the individual".

Bernanke: “You are all Dead Ducks”
Banks are battered by subprime liabilities, housing is in the tank, manufacturing is down, food and energy are up, unemployment rising… All that’s missing is a trumpet blast and the arrival of the Four Horseman.

Gold hits record high on tumbling dollar, firm oil
Gold surged to a record high above $960 on Wednesday as investors poured money, spurred by a plummeting dollar and oil rising above $102 a barrel.

Traitor Greenspan Urges Gulf States To Abandon Dollar
Alan Greenspan has again exposed himself as a traitor working against the interests of the American people by urging Gulf states to abandon the dollar peg, a move that could result in financial chaos and an economic depression in America.

Bank Losses "Grossly Underestimated", "Fundamentals Rapidly Deteriorating"
The rate of loan losses is ``grossly underestimated by consensus estimates'' at Citigroup and other U.S. banks, Whitney wrote. ``Core fundamentals are rapidly deteriorating.'' She cut her per-share prediction for 2008 earnings by more than 70 percent to 75 cents. The New York-based company's shares could fall more than 36 percent to less than $16, she wrote.

Middle Class May Be Subject To Food Rations, Warns UN
The UN is warning of a food shortage crisis and drawing up plans for food rations which will hit even middle-class suburban populations as inflation and economic uncertainty causes the prices of staple food commodities to skyrocket.

Gold nears $1,000 as stagflation fears grow
Gold hit a record $953.60 a troy ounce on Thursday as oil’s move above $100 and inflation fears provided fresh upward momentum. Fuelling the rally were fears the US economy could be heading for stag­flation after the Federal Reserve published forecasts for lower growth and higher inflation.

US Self-Employment Plummeting - Massive Downturn
All forms of self-employment in the U.S. are in virtual free fall now. Small businesses are failing in vast numbers creating even more jobless Americans thrust into the quest for the security of wage- based employment with benefits for themselves and their families.

The fall of the Dollar Empire
The US economy has grown largely on the back of speculative credit derivatives that have risen exponentially to $ 35 trillion, which is more than double the size of the entire US economy! This is an approaching iceberg, and all you've seen (in the sub-prime scandal) is the tip.

The Great Depreciation - The Selling Of America
The equation is simple, the formula is proven and the outcome is predictable: The deeper the Fed cuts rates, the cheaper it is to borrow money. The cheaper it is to borrow money, the less the dollar is worth against stronger foreign currencies. The less the dollar is worth, the less it costs holders of stronger currencies to buy up America. And that's just what they're doing. Strong currency nations are buying up America like a third world country.

The Great Depression 2008 - It can't happen to us....can it?”
“ In the 1920s, Americans consumers and businesses relied on cheap credit, the former to purchase consumer goods such as automobiles and furniture and the later for capital investment to increase production. This fueled strong short-term growth but created consumer and commercial debt. People and businesses who were deeply in debt when price deflation occurred or demand for their product decreased often risked default. Many drastically cut current spending to keep up time payments, thus lowering demand for new products. Businesses began to fail as construction work and factory orders plunged.” We are seeing almost to the final utterance the same play we saw unfold in 1929. Were those folks any more prepared for the Great Depression than we are today? I'd argue that while they were perhaps a bit better equipped to provide for their own sustenance that American society in the 1920's was as complacent as we are today.

Dozens of U.S. banks will fail by 2010
Dozens of U.S. banks will fail in the next two years as losses from soured loans mount and regulators crack down on lenders that take too much risk, especially in real estate and construction, an analyst said. "The initial round of failures will come from smaller banks with limited access to capital and overexposure to commercial real estate," Cassidy said.

Gulf States To Drop Dollar On Fed Action
Gulf states including Saudi Arabia and the United Arab Emirates will be forced to revalue their currency pegs this year following the dollar's declines and the Federal Reserve's interest-rate cuts, Bear Stearns has said. Five Gulf nations lowered interest rates last week in step with the US to keep their links to the dollar even as inflation accelerates. When Saudi Arabia left rates unchanged after the Fed's Sept. 18 reduction, the riyal rose to a 20-year high.

Iran's Oil Bourse Could Topple The Dollar
Bush went to the trouble of traveling half-way around the world to tell the Saudis and their friends in the Gulf States that they were going to continue linking their oil to the dollar or they were going to "sleep with the fishes".

Economist: Expect Fed to lower Dow to 8,000
Consumers should expect a deep recession, triggered by the "stealth methodology" of the Federal Reserve to "depress" the market even while lowering interest rates in an ostensible effort to stimulate economic growth, an economic analyst charges.

US Slides Into 1930s 'Liquidity Trap'
The United States is sliding towards a dangerous 1930s-style "liquidity trap" that cannot easily be stopped by drastic cuts in interest rates, Nobel economist Joseph Stiglitz has warned.

Fear Stalks The Markets
It did not even take a fall on Wall Street to spook the Federal Reserve into slashing interest rates by three-quarters of a point on January 22nd; the American markets were closed for a public holiday the day before. The Fed reacted instead to a slump in global markets and the prospect, indicated by the futures market, that the Dow Jones Industrial Average would drop by more than 500 points at the opening.

Half of gold in central banks gone?
The Gold Anti-Trust Action Committee, or GATA, claims the Federal Reserve and the U.S. Treasury are surreptitiously manipulating the country's gold reserves by participating in undisclosed leases. "Most observers calculate central bank reserves are supposed to have about 30,000 tons of gold worldwide in their vaults, but we believe the amount of gold actually there may be more like 15,000 tons," Murphy said. "The rest of the gold is gone."

Super Tuesday: 'It's the economy, stupid'
The 24 states holding primaries in next week's Super Tuesday have lost 1,568,600 manufacturing jobs in the seven years since President Bush took office, according to statistics provided WND by the Alliance for American Manufacturing, or AAM.

U.S. slump spreading around the globe, IMF warns
This is why globalism is a BAD THING. National borders form a natural barrier to contain political and economic crisis so that the entire world is not destroyed. National borders serve the same function as fire-proof doors in a building or watertight bulkheads in a ship. They contain an incident so that the entire structure is not threatened.

Economic stimulus package: macabre waltz into the abyss
With two or three exceptions (Dr. Ron Paul being the stand out), the U.S. House of Representatives, comprised of useful fools, the functionally illiterate and stinking buzzards, has just passed another monumental piece of lunacy called an "economic stimulus package." This $1.5 BILLION dollar shell game will stimulate nothing and let me tell you why.

Helicopter Ben About to Shift the Confetti Shredder Into Afterburner
Gold nearly hit $900 today. Thanks, Ben. No, really. Thank you, sir. I keep thinking, I need to diversify and hold a little USD. Somehow, I don’t seem to be getting around to it… And that has been a good thing, so far. Remember, the number to watch on the U.S. Dollar Index is 74.50. That is THE support. If that gets taken out, we’ll likely be taking about gold in four digits, to the left of the decimal place, instead of three. If consumer stocks bounce on the latest Fed confetti shredder action, let’s all work together to draw up a target list of the most succulent pigs to short/buy puts on to profit from a whipsaw back down. My logic is that the rate cuts will cause more inflation, making things more difficult for consumers.

The Bush Dollar Trap
The first government response to America's sinking economy was denial. We were told as recently as a month ago by administration officials and Wall Street charlatans that the economy was robust and that there would not be a recession. Now we are told that the economy is in trouble, but that the government is taking decisive action to shore it up.

Let Market Crash Now Or Face Financial Train Wreck
The Fed's continued obsession with slashing interest rates and printing money in order to maintain the facade of the grossly overvalued stock market while the dollar collapses is precipitating a financial holocaust. Yuppies need to cut their losses and accept a soft crash now or place the very pillars of the American economy in danger.

Citigroup & Merrill Lynch At Risk Of Bankruptcy?
Citigroup posted the biggest loss in the bank's 196-year history as rising defaults on home loans forced it to write down the value of subprime-mortgage investments by $18 billion. It also received a $12.5 billion investment from outside investors, in a bid to bolster its finances in the face of deepening losses.

Stocks Plummet in Germany, Hong Kong, India, Brazil in Rout
Today's declines follow the worst week for U.S. stocks in five years after President George W. Bush's $150 billion plan to revive the economy and expectations of interest-rate cuts failed to allay recession concerns.

Russia Was Better Prepared for Collapse than the U.S.
An economic collapse will produce massive chaos, homelessness, hunger and violence in the United States.

Recession or Depression?
Many people are finally saying the R word: Recession. The fundamentals don't look good. The externals are even scarier: dollar and stocks skidding, gold and other prices (particularly producer prices) rising.

The Coming Collapse Of The Modern Banking System
Most people have no idea how grave the present situation is or the disaster the country will face if trillions of dollars of over-leveraged bonds and equities begin to unwind. There's a widespread belief that the stewards of the system - Bernanke and Paulson - can somehow steer the economy through this "rough patch" into calm waters. But they cannot, and the presumption shows a basic misunderstanding of how markets work. The Fed has no magical powers and will not allow itself to be crushed by standing in the path of a market-avalanche. As foreclosures and bankruptcies increase; stocks will crash and the fed will step aside to safety.

Breaking phase ahead for the global financial system in 2008
The rapid aggravation of the global systemic crisis as its phase of impact unfolds has brought our researchers to estimate that the contemporary global financial system will reach a breaking phase in the course of 2008. Crisis follow-up indicators now show that we should no longer only fear the failure of some large financial institution and of many small ones in the US first and the in the rest of the world, but that the global financial system itself is structurally hit.

Meet Bush's World Bank Nominee
PNAC Member, Bilderberg Attendee, CFR Member, Trilateral Commission Member, NAFTA Architect and Enron Advisor

Irish Stock Market Crash and Global Depression
Did you know the Irish stock market (ISEQ) has crashed and lost over 40 billion Euro in one year? If your not one of the few stock investors in Ireland then your answer will probably be no. There’s only one group of people that this financial disaster won’t disturb and they are the extremely rich, the 1%, the ones who already control the large banks, organizations, companies and institutions around the world, they will still have their comforts but now they will be able to ‘buy low’. Everything thing will be on sale at a minimum of 90% discount. It’s going to be a wonderful time for the elite, like it was 200 years or so ago when the same families bought up/stole Africa - which they still control today.

Citibank Refusing to Process Firearms Related Credit Card Transactions
Citi Merchant Services and First Data Corp. are refusing to process any credit card transactions between federally licensed firearms retailers, distributors and manufacturers -- a move which will severely limit available inventory of firearms and ammunition to military, law enforcement and law-abiding Americans.

Dollar Could Drop Further 50 Percent in Value
The Dollar could fall to half or one-third of its existing value -- British Newspaper and Media Group announces 100 percent support for Ron Paul on Republic Radio. Ron Paul's Ideas are heralded on air as the catalyst for the end of communism in China. International support for Ron Paul's message exceeds all expectation.

Morgan Stanley issues full US recession alert
Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads.

The Mirage of the Mortgage Fix
Picture the Joker from the movie Batman throwing money from his float on the parade and you can see where this is going. Or imagine the alchemist of medieval lore, attempting to conjure up wealth from chemical mixtures.

The Last Days of the United States Dollar
The great debate among those of us on the Economy Deathwatch seems to be whether the debacle we observe around us will resolve as a crash or a slow-motion financial train wreck. It seems to me that at every layer of the system, we're susceptible to both -- in tradable paper, institutional legitimacy, individual solvency, productive activity, real employment, "consumer" behavior, and energy resources. Some things are crashing as I write.

America’s Trade Debts Lead to a Likely Gold Confiscation
Recently posted in the Federal Register on the internet were regulations listed under the caption of The Patriot Act . . . . At the end of 17 pages you will find legal definitions for “bullion coins” and “rare numismatic coins.” Strange how the definition of these forms of gold would show up under 17 pages of regulations pursuant to the Patriot Act having to do with identification of persons boarding and de-boarding aircraft and a multitude of other topics. Once you analyze the situation, it becomes obvious that these regulations were published in this manner, so as to keep the information from the general public and avoid suspicions of confiscation and the resulting objections.

The American empire is falling with the dollar
The US dollar is still officially the world's reserve currency, but it cannot purchase the services of Brazilian super model Gisele Bundchen. Gisele required the $30 million she earned during the first half of this year to be paid in euros.

Fed pumps $8bn into market to head off new crunch
Central bankers are becoming nervous that a renewed credit crunch could destabilise financial markets around the end of next month, and the US Federal Reserve has pumped an initial $8bn (£3.9bn) into the market to help ease the mounting pressure.

US Dollar Could Plunge 90 Percent
A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said. "We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."

IMF warns of 'perfect storm' that could drag Britain into recession
The Washington-based International Monetary Fund has warned of a "perfect storm" caused by surging oil prices and the turbulence on the world's financial markets. Its chief economist, Simon Johnson, said: "The combination of the global credit crunch and high oil prices could bring a big reduction in international trade from which no one would be immune."

A Financial System under Siege
The global dollar-based financial system is in crisis and is threatening the prosperity and stability of many economies. Financial excesses of all kinds have undermined its legitimacy and its efficiency. The U.S. dollar is losing its preeminence as the main international reserve currency while many banks are caught in the turmoil of the subprime credit crisis.

Dollar Crisis: None dare call it ‘conspiracy'
Yesterday, WorldNetDaily reported that the Chinese are considering abandoning the U.S. dollar as their national reserve currency. WND quoted Craig Smith's assessment of the consequences of such a move by Beijing on our economy: “If that were to happen, all bets are off, and we will be in a depression that makes 1929 look like child's play, or we will experience Weimar Republic inflation as the dollar makes extreme moves toward devaluations.”

Dollar Collapse to Trigger Global Financial Meltdown
The father of Reagonomics and former Wall Street Journal editor Paul Craig Roberts has warned that the collapsing dollar will eventually cripple the European economy and may even return the world economy to a barter system as financial chaos ensues.

Hundreds of banks threatened by new subprime crisis
The reserves of hundreds of banks are at risk, including some major banks, after a little-noticed federal court decision signaled the crisis in securitized home mortgages could spell much more trouble for financial institutions than previously realized, even on Wall Street.

Experts Fear Repeat Of 1929 Economic Crash
Two prominent economic experts have warned that "insiders with conflicts of interest" allied to the Fed's policy of tanking the dollar to bail out Wall Street could lead to a repeat of the economic crash of 1929, during a segment on Bill Moyers' PBS show.

Prepare for prolonged turmoil, says US Treasury Secretary
Investors should brace themselves for a prolonged period of market turmoil, Henry Paulson, the US Treasury Secretary, said yesterday as he held emergency meetings with the Chancellor and the French Finance Minister.

Crash is coming, warns top investor
THE man responsible for investing $41 billion of the State's money has warned mum-and-dad investors to prepare for a massive sharemarket crash. He says a dramatic downturn is inevitable as the rapid rate of investment is unsustainable, and the repercussions of the $300 billion subprime lending crisis in the US are yet to be felt fully.

Gold Eyes Record $850 As Oil Nears $100
Oil barreled past a record-high $98 on Wednesday as an ever-weaker dollar nudged gold toward a historic $850 an ounce, with investors concerned over inflation and the health of the U.S. economy.

Expert says feds stealing half of seniors' paychecks
The Social Security payments Americans receive in the mail are roughly half of what they would be if the U.S. Bureau of Labor Statistics reported the Consumer Price Index honestly, a veteran econometrician told WND. John Williams contends the U.S. government statistics intentionally understate inflation as measured by the Consumer Price Index, or CPI. By understating CPI data, Williams argued, government officials are able to avoid increases in Social Security payments that are mandated by law as "cost of living adjustments." Williams maintains a website called Shadow Government Statistics that is dedicated to examine "analysis behind and beyond government economic reporting." In an analysis of the CPI, Williams contends the index is understated by roughly 7 percent per year by government intentionally manipulating the data.

The Federal Reserve Rate Cut
Congressman Ron Paul, ranking member of the Subcommittee on Domestic and International Monetary Policy (DIMP), and a nationally recognized expert on monetary policy, issued the following statement regarding the Federal Reserve’s decision to again lower interest rates

A Fed panic and a massive bailout of America
By lending to troubled lenders at reduced preferential rates, the Fed is acting as their "government," i.e. subsidizing their risky loans operations and taxing anybody else who holds American dollars. It is not only attempting to make them more "liquid," but also more "solvable" and less likely to fail.

UK Banks face 10-day debt timebomb
Britain's biggest banks could be forced to cough up as much as £70bn over the next 10 days, as the credit crisis that has seized the global financial system sparks a fresh wave of chaos. Almost 20 per cent of the short-term money market loans issued by European banks are due to mature between September 11 and September 19. Senior bankers fear that they will have to refinance almost all of these debts with funds from their own coffers, putting a further strain on bank balance sheets.

Credit turmoil ‘has hallmarks of bank run’
The current turmoil in the financial markets has all the characteristics of a classic banking crisis, but one that is taking place outside the traditional banking sector, Axel Weber, president of the Bundesbank, said at the weekend. “What we are seeing is basically what we see underlying all banking crises,” said Mr Weber, one of the most influential members of the governing council of the European Central Bank.

“They wanted them poor niggers out of there.”
We needed an answer to a weird, puzzling and horrific discovery. Among the miles and miles of devastated houses, rubble still there today in New Orleans, we found dry, beautiful homes. But their residents were told by guys dressed like Ninjas wearing “Blackwater” badges: “Try to go into your home and we’ll arrest you.”

Congressman: Stock Market Will Eventually Collapse
Texas Congressman and presidential candidate Ron Paul says that attempts to rescue an ailing stock market last week, during which the Fed pumped in billions in liquidity, were merely a stop gap measure - and that an economic collapse is all but inevitable.

Helicopter Ben Unleashes Dollar Hyperinflation
Fed attemps to bail out bankrupt Wall Street speculators: Cheny demands staged terror attacks, war with Iran

The Crash of 1929: Are We on the Verge of a Repeat?
Hedge funds have helped create a counterfeit economy that some experts say could lead to another full-blown economic depression. The Stock Market is far more overvalued than it was in 1929, and the derivatives will amplify the damage. The Plunge Protection Team has been trying to stave off a downturn, but the longer they do so the less real support remains and the deeper the eventual drop. Click HERE for a reminder of what it looked like the last time.

Panic on Wall Street
From New York to Hong Kong and everywhere in between, alarm bells are ringing. Central bankers are on 24/7 alert, ready to perform life support on catatonic markets. Stock traders are panicking -- the Dow's wild ride on Wednesday, down 350 points and then almost all the way back, is just the latest declaration of confusion and fear.

Mystery Trader To Collect On Financial Meltdown?
Last month, we reported on the mystery trader who risks losing around $1 billion dollars after placing 245,000 put options on the Dow Jones Eurostoxx 50 index, which led many analysts to speculate that a stock market crash preceded by a new 9/11 style attack or another catastrophe could take place before or during the third week of September.

How Far Will the Crash Go and What Do we Do Now?
The immediate triggers are being described quite well: the collapse of the U.S. subprime mortgage market; the vulnerability of the rest of the economy to the subprime undertow, due to the “efficiency” of the markets in spreading risk; the worldwide overextension of cheap credit; the failure of large institutional investors and Wall Street brokerages to behave responsibly; and the long-term effects of the U.S. trade and fiscal deficits which are now coming home to roost.

Stock market brushfire; will there be a run on the banks?
On Friday, the Dow Jones clawed its way back from a 200-point deficit to a mere 31-point loss after the Federal Reserve injected $38 billion into the banking system. The Fed had already pumped $24 billion into the system a day earlier after the Dow plummeted 387 points. That brings the Fed's total commitment to a whopping $62 billion.

Markets go red as contagion spreads
Central banks on both sides of the Atlantic pumped billions into the financial system to calm nerves over an impending credit crunch yesterday - but their actions only served to heighten alarm, leading to a fresh plunge in global share prices.

After Fed's rescue, volatile days ahead
The Federal Reserve came to the stock market's rescue on Friday but unless credit markets remain stable next week, the salvation may prove little more than a brief respite from its late summer sell-off.

Dow plunges 387 as credit meltdown accelerates
A worldwide meltdown of credit markets accelerated overnight as BNP Paribas, France's largest bank, became the fourth major bank to suspend redemptions in major multi-billion dollar investment funds because of the bursting of the mortgage sub-prime credit bubble in the U.S. The Dow Jones Industrial Average ended down today 387.18 points in a broad market sell-off.

Russo Film Exposes Criminal Banking Syndicate That Rules America
In 1913 America was a free country. Then a band of powerful bankers achieved their fathers' and great grandfathers' goal. America has never been the same. Soon the world will not be the same.

Global markets tumble, with Dow losing 387 points
The central banks of the U.S. and other major economies move to calm investors after a French bank halts withdrawals from investment funds that have lost money on U.S. mortgage securities.

The "Amero" is here?
"The Hal Turner Show" has received images of the new unit of currency they are planning. It is called "the Amero" which will replace the "Dollar" and the "peso" in all three countries once they are merged out of existence!

Portfolio Liquidation Triggers Turmoil Among Hedge Funds
The liquidation of a big hedge fund or investment-bank trading portfolio is wreaking havoc in some parts of the hedge- fund business, managers and investors said Thursday.

The Dow Is Crashing!
The Dow looks to be soaring, but only when measured in rapidly inflating dollars.

The future looks very bleak
The crash of the US economy has begun.

Splish, Splash
Dollar's Taking A Bath

US Government Forces E-gold Redemptions - Seizes Gold
In an unprecedented move on or just before Wednesday May 9th, 2007, the United States of America has forced Omnipay et al E-gold to redeem all the gold backing the 58 previously frozen accounts owned by e-gold, 1mdc, icegold and a handful of other exchangers and customers to be liquidated effective immediately to a us dollar account owned by the federal government.

Tax on Carbon Emissions Gains Support
As lawmakers on Capitol Hill push for a cap-and-trade system to rein in the nation's greenhouse gas emissions, an unlikely alternative has emerged from an ideologically diverse group of economists and industry leaders: a carbon tax.

US Housing Bubble
Which Dominoes Will Fall Next?

St. Louis Federal Reserve
US Headed To Crash (pdf)

Outsourcing "That Giant Sucking Sound"
Today, the United States reached its biggest free trade agreement since NAFTA, clinching a last-minute deal with South Korea. In Seoul today, The Office of the United States Trade Representative signed off on on the KORUS FTA deal with South Korea just as President Bush's TPA clock timed out.

HYPERINFLATION
World System on 1923 Weimar Collapse Curve

The Bursting Asset Bubbles
Wall Street, October 1929

The Great Colorado Oil Rush of 2006
When you are piecing events together trying to make sense out of them, did you ever get the feeling that there's a piece missing--a piece with which, if you had it, you could make sense of the whole?

A Miracle
Australia Out of Debt?

Treasury issues 'secret' report on Dubai acquisition
Government-owned Arab firm could take over U.S. defense company

Bank of China May Lose $537 Mln on Rising Yuan Value
Bank of China may post a 4.3 billion yuan ($537 million) exchange-rate loss this year because of a rising yuan, according to UBS AG, one of the arrangers helping the lender raise about $8 billion in an initial public offering.

As hurricanes loom, many in Florida Keys flee
Spiraling living costs, lingering trauma from past evacuations and fear that one day million-dollar homes could be reduced to rubble or again flooded are driving people out of the vulnerable Florida Keys as another hurricane season looms.

Oil Prices Steady Near $75 a Barrel
Oil prices held steady near $75 a barrel Wednesday amid nagging concern that Iran, a key exporter, could cut supplies because of international pressure to modify its nuclear program.

Exxon Chief Says He Understands Gas Woes
Exxon Mobil chairman Rex Tillerson says oil companies do not get together and illegally manipulate oil prices.

Post Office Proposes 3-Cent Rate Increase
The Postal Service said Wednesday it wants to raise the price of a first-class stamp by 3 cents - to 42 cents - and suggested a "forever" stamp that people could use as hedge against future rate inflation.

Oil in Alaska refuge seen raising $111 bln for US
Allowing energy companies to drill for oil in Alaska's Arctic National Wildlife Refuge would raise about $111 billion over 30 years in corporate income taxes and royalty fees, based on current prices, a congressional research report said on Tuesday.

Mexico labor unrest could get worse -- maybe a lot worse, some warn
In the early hours of April 20, some 1,000 riot police raided a striker-occupied steel mill in the Pacific port city of Lázaro Cárdenas.

Only Aspartame-filled Soda's to be Available in NY Schools
The nation's largest beverage distributors have agreed to halt nearly all soda sales to public schools, according to a deal announced Wednesday by the William J. Clinton Foundation.

Hydrogen no magic bullet for energy woes
For the foreseeable future, the most likely source of hydrogen generation would be fossil fuels and natural gas, hardly a step toward energy independence. It should also be noted hydrogen won't be any cheaper for consumers than petroleum, although that could change as the price of oil continues to rise.

Bolivia seizes gas industry
Bolivian President Evo Morales Monday signed a decree to immediately nationalize the country's gas and oil industry, and ordered the military to occupy energy facilities.

Medicare - Broke by 2018. Quick, Loot It Now!
The annual report, issued yesterday by the trustees who monitor the fiscal health of the Medicare and Social Security programs, said the trust fund for the health insurance system for the elderly will run out of money in 2018 -- two years sooner than predicted a year ago and 12 years sooner than had been anticipated when President Bush first took office.

US debt clock running out of time, space
Sometime in the next two years, the total amount of US government borrowing is going to break through the 10-trillion-dollar mark and, lacking space for the extra digit such a figure would require, the clock is in danger of running itself into obsolescence.

China Poised To Pass U.S. In Manufactured Goods Exports
China exported $713 billion worth of manufactured goods in 2005, a catalog that predictably included such low-tech products as footwear and textiles and apparel, but more importantly also featured higher-tech goods such as office equipment and telecommunications equipment.

Admin. Spends $1.62B On PR, Ads, Bush Admin.'s Propaganda Effort Is Unprecedented
The Pentagon hired agencies to do everything from designing Web sites, drafting a logo for the Air Force to placing ads for leisure travel, bowling and "football frenzy." The U.S. Army spent millions of dollars in media messages and staff to promote the "strategic perspective in the Global War on Terrorism

America is in the midst of the final stages of its currency debasement.
The fading dollar can be held responsible for our troubles. It isn't the dollar's fault, because it is merely a piece of paper, which is un-backed, and the product of a printing press. It is those who administer and spend it recklessly, who have caused its demise, and who are wrecking our economy and nation. What repercussions does a dollar debasement have? Let's examine them. Remember, it is in no way the fault of the citizenry. It is totally the fault of government and the D.C. Gang. All of us are merely the victims.

'Asia must prepare for dollar collapse'
Masahiro Kawai, the ADB's head of regional economic integration, said on Tuesday: "Any shock hitting the US economy or the global market may change investors' perceptions given the existing global current account imbalance.

Americans don't know who they are anymore
Every passing day, this new world order, this so called "free trade", is eroding 150 years of the hard won gains for American labor, but very few people seem to care. How effective the propaganda has been. Americans don't know who they are anymore.

Fed props up economy with TONS of new cash
Three separate sources in the U.S. Treasury have told me that this week, the federal reserve ordered TWO TRILLION dollars to be printed! The U.S. Treasury is allegedly running printing presses 24/7 to accommodate that order. Treasury employees were specifically ORDERED not to talk about this to anyone because it could cause economic collapse.

China Passes Japan in Foreign Exchange Reserves
China's reserves of dollars and other foreign currencies hit $853.7 billion in February, an official Chinese newspaper said on Wednesday, allowing China to overtake Japan as the world's largest holder of foreign exchange reserves.

Buy Australian Dollar, Sell U.S., N.Z. Currencies, Goldman Says
Australia's gross domestic product is expected to grow 3.5 percent, according to Macquarie Bank Ltd. in a research report dated March 24. The economy expanded 2.7 percent in the three months ended Dec. 31 from a year earlier. It grew 2.5 percent in 2005, the slowest pace in four years. "Growth in business investment is likely to be strong,'' said Macquarie Bank economists, led by Richard Gibbs in Sydney. ``The external sector is likely to see a steady improvement, while consumption is likely to remain fairly subdued, at least until mid-year,'' the report said.

Putin says U.S. hampering Russia's WTO accession
"We have received a list of questions from our American colleagues that require additional agreements that we thought had been settled long ago," Putin told a meeting of top businessmen. "The negotiations process is being artificially set back."

Imperial overreach is accelerating the global decline of America
The disastrous foreign policies of the US have left it more isolated than ever, and China is standing by to take over

Syria switches to euro amid confrontation with US
Syria has switched all of the state's foreign currency transactions to euros from dollars amid a political confrontation with the United States, the head of state-owned Commercial Bank of Syria said on Monday.

Standard & Poor's specialists predict global economic Armageddon
The collapse will be caused with the demise of the US dollar rate against the European currency by more than 30 percent. The dollar, specialists say, may lose almost 45 percent of its current value against the euro. However, it is obvious that even a 30 percent reduction will affect the international economy greatly.

Uh-Oh! Legal Disputes Spread to BlackBerry Rivals
Customers shouldn't rush out to replace e-mail gadgets just because they're jittery, says Gartner tech analyst Ken Dulaney. Much of the industry is now involved in intertwined legal disputes. Most users should wait until the mess works itself out, he says.

Slave Labor: Made in the U.S.A.
Despite being produced from Chinese fabric by Chinese laborers who labor under Chinese law, the designer clothing that emerges from those island factories is labeled “Made in the USA.”

Federal borrowing raised to record level
The government expects to borrow a record $188 billion in the January-March quarter, even more than it anticipated three months ago, the Treasury Department announced Monday.

Oil execs refuse to testify at U.S. Senate hearing
Officials from six major oil companies have refused to testify this week at a Senate hearing looking into whether oil industry mergers in recent years have made gasoline more expensive at the pump.

Oil pushes over $68 per barrel
Key talks over Iran's nuclear program, more militant attacks in Nigeria

Fed to raise rates again as Greenspan era ends
18-year rule closes tomorrow with hike of quarter-percentage point

Google challenges EU plan to regulate Internet
British minister: 'In 10 years, our successors will bemoan the handicaps'

U.S. IN TECHNICAL DEFAULT
The US Government debt has breached the Congressionally mandated debt ceiling.

Why is it so HARD to find a JOB?
"Whoever controls the volume of money in any country is absolute master of all industry and commerce." - President James A. Garfield

Ready for $262/barrel oil?
Two of the world's most successful investors say oil will be in short supply in the coming months.

FEMA Workers Accused of Bribery
Two FEMA disaster assistance employees working in New Orleans were arrested yesterday on federal bribery charges, accused of accepting $10,000 each in exchange for letting a contractor submit inflated reports on the number of meals it was serving at a Hurricane Katrina relief base camp there.

Chevron 4Q Profit Up 20 Percent to $4.14B
Chevron Corp.'s fourth-quarter profit climbed 20 percent to $4.14 billion, a company record that continued the most prosperous stretch in its 126-year history as the oil company capitalizes on high fuel prices that are squeezing consumers and ruffling politicians.

Confessions of an Economic Hit Man
From 1971 to 1981 John Perkins worked as a chief economist for Chas. T. Main, a Massachusetts-based international strategic consulting firm. During this time Mr. Perkins said his job was to trick developing countries into taking enormous loans from the World Bank in order to construct or repair their domestic infrastructure. These loans were given with the understanding that these countries would then use those loans to pay U.S. corporations to complete these constructing and engineering projects.

Collapse of U.S. Economy Imminent
In its attempt to establish a world empire dominating every nation on the planet, the U.S. has exhausted its ability to finance the expansion and the country now faces imminent financial collapse. From all indications, it looks like 2006 will spell the end for America.

NATIONAL FORECLOSURES INCREASE MORE THAN 13 PERCENT IN DECEMBER ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT
RealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its December 2005 Monthly U.S. Foreclosure Market Report, which shows 81,290 properties nationwide entered some stage of foreclosure in December, a 13.5 percent increase from the previous month. The report shows a December national foreclosure rate of one new foreclosure for every 1,422 U.S. households, the highest foreclosure rate reported in 2005.

Russia, Georgia Trade Insults, Blame Over Gas Pipeline Bombings
Russia and Georgia traded blame and insults after bombings of a natural gas pipeline and an electricity cable on the Russian side of their border cut heat and power supplies to the smaller of the former Soviet states.

FTCR: Insurers Inflated Med-Mal Claims to Justify Rate Hikes
In documents filed with state regulators and in statements to public officials, medical malpractice insurance companies consistently inflated the amount they estimated they would pay out in claims, according to a study by the nonprofit Foundation for Taxpayer and Consumer Rights.

The New Market Bubble Theory
So here's the good news: The next five years will bring us the biggest stock-market boom in history. The bad news? The party will end in late 2010, after which we'll face the worst economic decline since the Great Depression.

Iran’s Oil Exchange threatens the Greenback
The Bush administration will never allow the Iranian government to open an oil exchange (bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of dollars would come flooding back to the United States crushing the greenback and destroying the economy. This is why Bush and Co. are planning to lead the nation to war against Iran. It is straightforward defense of the current global system and the continuing dominance of the reserve currency, the dollar.

Japan Stocks Drop for 2nd Day Amid Probe
Japanese stocks plunged for a second day on Wednesday, bringing the market's two-day loss to almost 6 percent as the exchange halted trading early amid investor jitters about a widening criminal investigation of Internet startup Livedoor Co.

New Job Opportunities In America
Once upon a time: people shopped on downtown city streets, frequented local diners, and had a choice of jobs to choose from. Towns employed parents in auto plants, machine shops, textile mills, ship building, farming, fishing, and every imaginable manufacturing job. A man working in a steel mill or auto plant; could encourage his son/daughter, to go to college, and attain a profession that he had only dreamed of. If not college, a trade, that saw one with a livable wage, was readily available. This country had marvelous craftsmen, machinists, designers of great buildings, bridges, and damns. Now we can't build a simple levee to protect a population.

Technology sector slide leads Wall Street lower
U.S. stocks fall after big sell-off in Tokyo; gloomy tech earnings also weigh.

Dusting off the Brown-shirts and Jackboots
The spiking gold market is a sure sign that the dollar is headed for the dumpster. Large institutional investors are hastily moving boatloads of cash into precious metals that promise to retain their value while the hemorrhaging dollar goes the way of Icarus.

IRS Makes Chilling Proclaimation
During this press conference, a senior IRS official by the name of Terry Lemons made the following proclamation in response to a question by David Cay Johnston of the NY Times: Why won't the IRS answer the questions set forth in the petitions from We the People Foundation? According to Johnston, Lemons said the government is answering our Petitions through "enforcement actions."

Record-high filings top 2 million in 2005 in race to beat new law
The rush of consumers to file bankruptcy before a tough new law took effect pushed personal filings for 2005 to their highest annual level on record, more than 2 million, according to new data.

IRS Freeze On 'Questionable' Refunds
A brand new front has been revealed on the income tax battleground: refunds being withheld, without notice, from taxpayers who are "suspected of fraud" in filing for them. According to an Associated Press article, citing Taxpayer Advocate Nina Olson, under this so-called "Questionable Refund Program" the Internal Revenue Service freezes "tens of thousands of tax refunds" it deems questionable each year, without telling the people who are awaiting their money.

Trade deficit narrows, jobless claims up
Imports of foreign cars hit all-time high

Analysts: Gold to hit $600
Even skeptics say longer-term investors' attitude toward bullion changing

Oil charges toward $65
Driven by concerns over nuclear ambitions of Iran, drop in U.S. crude stocks

Realtors see cooling market in 2006
'A lot of demand has been met over the last 5 years'

Cut salaries, GM urged
'Time has come to go into crisis mode'

Wal-Mart links pay to diversity goals
Retailer will begin penalizing executives who fail to meet targets

Law may force Wal-Mart to subsidize healthcare
Proposed Maryland tax would require spending 8% on employee medical plan

OfficeMax to shrink, add new-look stores
Office-supply retailer to close 12% of outlets after 3 quarters of losses

Court Rules Federal Reserve is Privately Owned
Case Reveals Fed's Status as a Private Institution

Deadly Assumption #5: My Bank Accounts Are Fully Insured
When you open an account at a bank, you are told in writing that your account is insured by the FDIC. What is the FDIC? It's the Federal Deposit Insurance Corporation.

Deadly Assumption #1: Social Security Is Solvent
The Social Security Trust Fund is an accounting trick. There is no money in the fund. It is filled with government bonds, issued specially to government agencies. The money was spent by the government as soon as it rolled in. These bonds are not marketable to the general public. There is no market for these bonds. They represent an accounting trick.

China signals switch in reserves away from dollar
China indicated on Thursday it could begin to diversify its rapidly growing foreign exchange reserves away from the US dollar and government bonds – a potential shift with significant implications for global financial and commodity markets.

Getting rich really quick: $1 from every American
26-year-old roommates launch experiment with goal of earning potential $300 million

Huge new oil discovery in Brazil
Brazil's state-owned oil company, Petrobras, says it has discovered a huge new offshore oil field off the coast of Rio de Janeiro state.

Oil rises past $60
Concern OPEC may decide to cut output

Muslim investors top 2005 faith-funds table
22% return avoiding gambling, alcohol, porn, pork

Gold climbs to 2-week high
Rises on speculation central banks will add reserves

Price of gold expected to keep its momentum
'The battle will be on for a year-end close over $500'

Visa use up 27 percent
Firm says debit-card spending eclipses credit spending for 1st time ever

Enron's Causey pleads guilty
Former chief accountant makes deal in fraud case

Jury Awards $172 Million To Wal-Mart Employees
The world's largest retailer was ordered to pay $57 million in general damages and $115 million in punitive damages to about 116,000 current and former California employees for violating a 2001 state law that requires employers to give 30-minute, unpaid lunch breaks to employees who work at least six hours.

The Three Reasons For 911
The US policy of growing our economy by increasing the National Debt would not be possible if the Euro becomes the world's trading currency for oil. Hence, Iran and Venezuela are terrorists since they intend to trade in Euros. Even the UN Oil for Food program was run through France and denominated in Euros. If the Euro becomes the oil trade currency our economy would melt down in a year or less.

Greenspan bows out of G7 with a flourish
BTW, Gordon Brown is the man who, in an obvious move to manipulate and keep the price of gold lower, ended up costing the British billions of dollars by selling a large portion of their gold when gold was at its bottom in 1999.

N.Y. Times: Economy booming, or is it?
Paper says as always with the United States, 'it is not quite that simple'

The Economic Tsunami: Coming Sooner Than You Think
It seems that there are a growing number of people who believe as I do, that the economic tsunami planned by the Bush administration is probably only months away.

Maine event: Live lingerie models in window
'I think it's selfish, and I think it's morally reprehensible'

Gold Price Surges To 18 Year High
Gold rose to its highest level in nearly 18 years in Asian trade on Thursday, while platinum came to within $10 an ounce of $1,000 as fund managers bought heavily amid a surge of investor interest in precious metals.

Sony BMG pulls CD software
Music publisher Sony BMG said on Friday it would stop making CDs that use a controversial technology to protect its music against illegal copying.

Prices hit $955 for platinum record
The price of platinum hit a 25-and-a-half-year high in London yesterday, leading some traders to predict it would break through the key psychological level of $1,000 a troy ounce by the end of the year.

Copper prices touch lifetime high
Copper prices touched a lifetime high Friday above $1.90 a pound on supply concerns, platinum hit a 26-year peak and gold futures marked a five-session climb to close 2.5% higher for the week.

Housing Market Cooling, Data Say
When your new home loses $100,000 in value between when you buy it and when you move in, that's not cooling, that's an ice age!

Greenspan says US has "lost control" of budget
"We've lost control of the budget," Greenspan apparently told Breton during a bilateral meeting Saturday at the half-yearly World Bank/IMF Meetings, the French minister said at a press conference in Washington.

Debit Card Giveaway Goes Awry in Houston
What was billed as an innovative effort to help victims of Hurricane Katrina get back on their feet brought chaos and confusion Thursday as thousands of evacuees jostled for promised federal and private cash assistance.

Oil Prices Rise on Energy Dept. Forecast
Crude oil prices edged up Friday in the wake of the US Department of Energy's forecast that US energy costs this winter would be the highest in 10 years.

If they get you in this cashless society, it's over for you and your family. Total World Government taxation!

THE DOLLAR HOLOCAUST
US Stock Markets Decline

Economy Nuked, Bringing Revival & Antichrist
America, in an attempt to save itself, will bring world war and the New World Order. As they say, “Order out of Chaos.”

Fed Chairman Delusional Or Deceptive?
On June 20, 2007, Treasury Secretary Henry Paulson delivered a stinking canard when he told Congress that the global economy was "stronger than any time in the past two decades." Experts not on the government's payroll say otherwise. Paulson shrugs off such concerns. In the meantime, the dollar has been dropping almost as fast as Bush and Congress' poll numbers.

It’s Official: The Crash of the U.S. Economy has begun
So what is really happening? Actually, it’s simple. The difference today is that China and other large investors from abroad, including Middle Eastern oil magnates, are telling the U.S. that if interest rates come down, thereby devaluing their already-sliding dollar portfolios further, they will no longer support with their investments the bloated U.S. trade and fiscal deficits.

Swiss Prophet Foresees Pending Terrorist Attack on the US
The Poison Cloud over the US in a vision in autumn 2002 Reber saw a terrorist attack on the US, that will be so devastating that many thousands will be found dead. Reber, who first delivered this prophecy in Canada upon visitation of David Demian, says he has been transported by the Spirit of God into the very US cities and neighborhoods where this is going to happen and saw the many dead bodies strewn about. Ten months ago, God let him revisit the vision and told him to speak it to America. On May 6, 2006 Erich shared this vision for the first time in the US at a seminar in St. Paul, Minnesota hosted by Lutheran Renewal. Ed. Note: The attack will be blamed on the Muslims but not necessarily initiated by them. Notice the additions to the prophecy by the Wolgang Simpson designated by the parenthesis.

'Confessions Of An Economic Hitman''Confessions Of An Economic Hitman'

Global systemic crisis in 2007
Finance is one of the four sectors identified by LEAP/E2020 in the December issue of their confidential letter (the GlobalEurope Anticipation Bulletin N°10) as likely to be severely affected by the development of the global systemic crisis in 2007 (1). The other three sectors are: international trade, exchange rates, and energy.

Fed Orders 2 Trillion Dollars Printed, Put In Circulation
Three separate sources in the U.S. Treasury have told me that this week, the federal reserve ordered TWO TRILLION dollars to be printed! The U.S. Treasury is allegedly running printing presses 24/7 to accommodate that order. Treasury employees were specifically ORDERED not to talk about this to anyone because it could cause economic collapse.

David Walker, the US Comptroller General, predicts economic disaster for the U.S.

Mr. Helicopter Takes Over
Fed Chairman Bernanke became famous for saying policymakers should consider printing cash or throwing money out of a helicopter if that is what it takes to stave off a debilitating downturn in prices. The last great depression gave us the NAZIs: Are Concentration Camps Coming to U.S.?

"Bank Holiday"
...When the banks open the next day at 9 in the morning, $15 billion an hour is going to be withdrawn from our American banks -they're going to be running our banks---the Arabs---all the Latin American countries, they're going to be running our banks--and before the day is over, the U.S.A is going to have to declare a "bank holiday."

The Housing Bubble Blog
Watching out for the coming "pop"

"Two Black Mondays"
The Crash of the U.S. Stock Market

BIS Calls For Global Currency
The eventual goal is a cashless society credit system based on a worldwide citizen ID. Those designated as subversives or security threats will have their credit entitlement reduced and restrictions will be placed on when and what they can buy or sell. A world tax will be levied on all purchases.

The Non Energy Crisis
$3.00 a Barrel Oil at Gull Island Being Covered Up!!!

Chapter 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

How Do You like the High Price of Gas?
Author Lindsey Williams who had executive status with the 9 major oil companies on the Trans-Alaska oil pipeline has written a book stating the facts listing names, dates, and places says: As a former Insider I know Alaska has plenty of oil, enough to supply the United States for two (2) hundred years. Why do the people of the United States allow this excellent oil to be shipped and sold to the people of Japan [over 100 million population] when we could have it shipped here to the lower 48 states [300 million population] via pipeline? Lindsey Williams book and video "The Energy Non-Crisis" a revealing documentary is available for your education!
Click Here For Info!

The misrepresentation and misapplication of the United States federal income tax constitutes the largest acquisition of wealth by way of deception in history.  A handful of government lawyers fabricated an intricate maze of legalese which created a perfectly Constitutional tax (a tax on income derived from certain types of international and foreign commerce), but which at the same time could easily be misread to give the impression that the income of all Americans is subject to the tax... Click Now for more info!

New Video deciphers the Federal Income Tax Deception
For more information
Click Here

RON PAUL
The End of Dollar Hegemony

Edgar J. Steele
Paper Bad - Metal Good

VDARE: A Reader Predicts the Collapse of Mexico
PEMEX - peak oil for the Cantarella field will be late 2006 or early 2007. This field accounts for 75% of Mexican oil production. The decline will be swift—10-20 percent per year. Fox just redirected more than $2 billion in exploration funds to political parties for this year's election. Pemex is $43 billion in debt. A friend at Exxon-Mobil says no U.S. major will touch Mexico now because of its corruption. Mexico has received no offers to help explore the promising deep-water Gulf. Mexico can't afford to do it on its own: no money and no expertise.

Bud Wood
CHART: Another Look At The US$ Nightmare

Jason Miller
May A Flock Of Thrushes Disrupt Your Hologram This Yuletide Season

The Coming Disaster in the Derivatives Market
The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear....[They] are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal. -- Warren Buffett, Chairman and Chief Executive, from his Letter to Shareholders, 2002 Berkshire Hathaway annual report

U.S. Asserts Power to Seize Private Gold, Silver
The U.S. Government has the authority to prohibit the private possession of gold and silver coin and bullion by U.S. citizens during wartime, and, during wartime and declared emergencies, to freeze their ownership of shares of mining companies, the Treasury Department has told the Gold Anti-Trust Action Committee.

Marilyn Barnewall
Business start-ups decreasing at an increasing rate

Ted Lang
The Bush Gang - Get The Internet!

Marilyn Barnewall
Judges overstep Fifth Amendment with Eminent Domain

Joan Veon
Paul Volcker, The Call for a global currency

Maj. James Linzeyrealmedia2.gif (150 bytes)
What Can We Do to Repair our National Finances?
Consequences of Political Money
Levels Of the Federal Reserve
Federal Reserve #1
The History of Economics 2
History of Economics 1

Chart of who "owns" the Federal Reserve
Click Here

CAFTA's Threats to U.S. Independence! Click Here!

Michael Shore
Who Really Stole Billions In The Iraq Oil For Food Scandal?

Sherman H. Skolnick
Bond Collapse: The TITANIC did not have enough life-boats. And you know what happened.

Marilyn Barnewall
Greenspan: We need the gold standard

Chris Bennett
Sustainable Oil?

Greenspan warns good times won't last forever

Basic interest rate in Brazil raised to 19,75%

US interest rate fears put brakes on Far East rally

Fed Boosts Key Interest Rate to 3 Percent

US March Housing Starts Plunge 17.6%

Reg Howe Fires Another Shot - Reg Howe - 31 March 2002

Howe vs. BIS - James Turk - 31 March 2002

Howe Lawsuit Survives Hearing On Dismissal Motions - BizWire - 6 November 2001

Plaintiff's Motion For Leave To File Second Affidavit -
18 September 2001

Swapping Lies: Fed and Treasury Officials hanging themselves - 1 August 2001

Judicial Holding Pattern: Giving the Defendants Plenty of Rope - 20 July 2001

Plaintiff's Qualified Opposition (#2) To Reply Memoranda -
8 June 2001

Plaintiff's Qualified Opposition To Reply Memoranda -
31 May 2001

Behind Closed Doors - James Turk - 23 Apr 01

Response to Plaintiff Motions 20 Apr 01

Original Complaint filed 7 Dec 2000

ABOLISH THE FEDERAL RESERVE
Mr. Speaker, I rise to introduce legislation to restore financial stability to America's economy by abolishing the Federal Reserve. I also ask unanimous consent to insert the attached article by Lew Rockwell, president of the Ludwig Von Mises Institute, which explains the benefits of abolishing the Fed and restoring the gold standard, into the record.

Paul Introduces Honest Money Act
Washington, DC- Congressman Ron Paul, a leading advocate of sound money policies and an outspoken critic of the Federal Reserve, recently introduced legislation to repeal legal tender laws. The Honest Money Act, HR 2779, would eliminate forced tender laws that compel Americans to accept fiat irredeemable paper-ticket or electronic money as their unit of account.

Still using Federal Reserve Notes? Concerned about your money and the market? So are thousands of Americans just like you, and they've found the solution: The Liberty Dollar - inflation-proof currency owned by the people, not the Federal Reserve. Click Here Now!

The Liberty Dollar
America's inflation-proof currency
100% backed and redeemable in gold & silver

RFID
Big Brother in Your Grocery Cart!
Click Here

HOW BANKS CREATE MONEY OUT OF NOTHING

NESARA - A Bad Joke

U.S. NATIONAL DEBT CLOCK

Generation Debt: The New Economics of Being Young (in America)

A Tsunami Of Greed

They Think You're Stupid

Sorta Optimistically Pessimistic For 2005

Foreknowledge of A Natural Disaster Of Tidal Wave was building up in the Indian Ocean 

U.S Lobbying Tab Is $1.1 Billion for Half a Year

Netherlands Imposes 1st Fines On Spammers (what free-market?)

Poll Shows War Is Bad For Business

Super Dupers On The Run As Watchdogs Step Up The Chase (victims of property spruikers)

NASD Imposes Record Fines In 2004 (more than triple the 2003 amount)

The Soft Money Boomerang

The Soros Foundation In Kazakhstan Is Facing Legal Action For Alleged Tax Evasion 

Privatizing Social Security Would Help Only Wall Street

CHART: Another Look At The US$ Nightmare

Texas, New Hampshire, Nevada Target The Reform The US Monetary System

Euro Trash - Even Drug Dealers Are Giving Up On The $

EU Codex: Crimininalizing Vitamins Worldwide???

Ramsey Clark To Defend Saddam

Book:'The Coming Collapse of the Dollar' - The Final End Game Of Decades Of Debt Accumulation

Shades Of The Dollar Standard

The Fed’s Folly

Gold Prices May Rise 5% Next Year.

Emerging Iraqi Banks Betting On Reconstruction

Unequal Protection : The Rise of Corporate Dominance and the Theft of Human Rights 

China And The U.S. Should Spare The World A Cliffhanger

Australian Reserve Bank Blames Others For Its Own Folly

Is Mathematics Relevant In Economics?

Deutsche Bank Attacks Yukos Case

CHART: A Long Way To Go Before Gold Becomes Overpriced !

Elliot Wave International: Shining The Light On Gold

Crack In The Foundation Of Copyright Laws - Property vs Liberty

Slide Show: Principle of Liberty Goes Along With Self Ownership

Everything You Ought To Know About Our Global Monetary System

Social Decay and the Federal Reserve
Monetary central planning (via the Federal Reserve) is a root cause of social decay.

CRACKING THE UCC CODE
Click Here

Dumping of US dollar could trigger 'economic September 11'
There is a potentially fatal flaw at the heart of the global economy: the strong possibility of financial meltdown following a collapse of confidence in the greenback, Clyde Prestowitz tells Bruce Stannard

Greenspan Terrorizes Economy
What we're seeing is massive inflation: oil has more than doubled in the past two years in cost per barrel, the dollar's value has decreased more than 40 percent against the Euro over the past three years. Explosive inflation is a fact, not some danger on the horizon.

Energy Markets Jittery, Gas Being Rationed
Wholesale and retail gasoline prices leaped higher nationwide.

Oil hits new record near $71 after Katrina
Oil thundered to a new high near $71 on Tuesday as oil firms assessed damage wrought by Hurricane Katrina's rampage through the Gulf of Mexico, where most oil and gas output was at a standstill and refineries were shut.

Bush & Queen Using US Oil Reserves To Manipulate Price Of Oil And Gold
"Al Qaeda is nothing more than an extension of the operatus linked to U.S. intelligence that was allowed, by script, to remove itself as a rogue break away entity of the U.S. government..."

Feds seize man's $10 million in gold
Owner asks Mint to authenticate coins, government grabs them

Why a booming economy feels flat
Personal income is one key area where workers have fallen behind, compared with past periods of strong wage growth.

I was Wrong to Back the Euro, Says Clarke
Kenneth Clarke, the former chancellor, has branded the euro "a failure" in an apparent attempt to win the support of Conservative eurosceptics in his push for the Tory leadership.

US trade deficit widens
The yawning US trade deficit grew wider in June, hitting $58.8 billion for the month, chiefly due to soaring oil prices and a surge of textiles and apparel from China.

Bush acknowledges the collapsing US economy
The US administration aims to spend $286 billion on the development of the American transport system

Major US airlines raise their fares
Get ready for higher air fares. American Airlines, Northwest Airlines and JetBlue Airways today raised the price of their domestic tickets, following competing carriers' price hikes earlier this week.

High gas prices fuel fear of financial hardship
"It's almost $3 a gallon now, so I might as well take the bus," said Roundtree, who was filling up his older Mazda sedan Friday at a West Seattle 76 station, where prices ranged from $2.65 to $2.85 a gallon.

Gold hits 6-week high in London
Surge due to weakness in dollar, U.S retail sales data

Farmers measure drought
Burned-up corn and imperiled soybeans are throwing a powerful management challenge to many Illinois and Missouri farmers this year.

Oil touches high of $66
With crude prices touching a record $66 (U.S.) a barrel Thursday, Citigroup Global Markets raised its oil price targets, saying the oil market has stopped taking its pricing cue from inventories and is focusing on short-term capacity levels.

Watching The US Economy Crumble
Good News! Soon You'll No Longer Need An Expensive College Education to Work in the US

$8-a-gallon gasoline by end of year?
Economist warns new oil supplies won't ease pressure on consumers quickly

Unocal shareholders patriotic amid sadness
'I don't want any foreign company buying anything in the United States'

Yahoo to pay $1 billion in Beijing dot-com deal
U.S. search firm will also hand over its China operations to Chinese firm

Krispy Kreme blames former executives
Suggests ex-management massaged figures to meet Wall Street expectations

Portus Didn't Invest $52.8 Million in Customer Funds, KPMG Says
Portus Alternative Asset Management, a Canadian hedge fund whose co-founder is being investigated for fraud, didn't invest about $52.8 million that it received from customers and about $17.6 million is missing, KPMG LLP said in a court filing.

Bubble bursting in San Diego?
Trend also seen in Las Vegas, Denver, Boston, Washington, D.C

Oil seen hitting $65 per barrel
'The system is being pushed beyond its sustainable limits'

Insurance cost shuts down teen entrepreneur
Innovative fair booth closed due to inability to pay $5,000 liability payment

The Banks Go Begging
Booming deposit growth has outstripped loan demand, forcing bankers to scratch for assets that can help relieve some of the pressure from narrowing profit margins.

The Real Reasons Why Iran is the Next Target: The Emerging Euro-denominated International Oil Marker
In 2005-2006, The Tehran government has a developed a plan to begin competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-denominated international oil-trading mechanism

The Truth About The United Nations And Its Agenda
The "idea" for creating the United Nations was born a few years before the First World War. The idea was named "League of Nations" and came from a book of fiction called "Phillip Dru: Administrator". The author was Woodrow Wilson's socialist right hand man, Colonel House.

"Maybe our ancestors will look back with some amusement at our superhero Doomspan who created the world's largest supply of greenback toilet paper." the New Australian

The Great Global Social Security Giveaway?
As we ring in the new year, dark clouds are gathering over our already dangerously fragile Social Security system. In December, the press reported on a looming deal between the Administration and the government of Mexico which would make hundreds of thousands of Mexican citizens eligible for U.S. Social Security benefits. The centerpiece of the agreement would be a so-called "totalization," which would mean that even if a Mexican citizen did not work in the United States long enough to qualify for Social Security, the number of years worked in Mexico would be added to bring up the total and thus make the Mexican worker eligible for cash transfers from the United States.

MEYER AMSCHEL ROTHSCHILD "PERMIT ME TO ISSUE THE CONTROL OF MONEY OF A NATION, AND I CARE NOT WHO MAKES THE LAWS"

bar_eleg.gif (1437 bytes)

        NESS.OB    Gold News    Earnings Watch    Credit Watch    Bankruptcy News   Precious Metals   The Money Files

AMERICA'S ENGINEERED DECLINE
Frosty Wooldridge
May 24, 2007

For the past two centuries, America’s middle class thrived. It bulwarked the foundation of our liberties and became the envy of the world.

Today, because of Congressional-sponsored insourcing, offshoring, outsourcing along with FTAA, CAFTA, NAFTA and other corporate tools, Americans find themselves joining the “race to the bottom.”

In his laser-piercing book, “AMERICA’S ENGINEERED DECLINE,” William Grigg said, “Even as our nation exports jobs that once opened the door to the middle class, we are importing waves of unskilled immigrants, including millions of illegals. No longer our protector, our political elite schemes to merge our country with other nations of this hemisphere into a continent-spanning socialist mega-state modeled after the European Union.” MORE

BIS warns of Great Depression dangers from credit spree
By Ambrose Evans-Pritchard
June 25th 2007

The Bank for International Settlements, the world's most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.

"Virtually nobody foresaw the Great Depression of the 1930s, or the crises which affected Japan and Southeast Asia in the early and late 1990s. In fact, each downturn was preceded by a period of non-inflationary growth exuberant enough to lead many commentators to suggest that a 'new era' had arrived", said the bank.

The BIS, the ultimate bank of central bankers, pointed to a confluence a worrying signs, citing mass issuance of new-fangled credit instruments, soaring levels of household debt, extreme appetite for risk shown by investors, and entrenched imbalances in the world currency system.

"Behind each set of concerns lurks the common factor of highly accommodating financial conditions. Tail events affecting the global economy might at some point have much higher costs than is commonly supposed," it said.

The BIS said China may have repeated the disastrous errors made by Japan in the 1980s when Tokyo let rip with excess liquidity. More

Gold, Silver and the Coming Crisis in Iran
Exclusive to STR

by Douglas Herman
Strike The Root | February 13th 2006


Some might call it the Deja Vu War, the same war happening all over again. The same accusers and the same accusations, the same threats and the same predictable UN sanctions, the same script and timetable. The same Shock and Awe air attack. The same stalemate. The same wasted lives, wasted resources and squandered billions by the exact same culprit, the state.

Since I wrote Day One - The War With Iran, I’ve noticed many more columnists predicting some sort of attack on Iran . Even Pat Buchanan penned a scenario (The American Conservative to The Weekly Standard: Challenge Accepted) mirroring the scenario I had outlined. Say what you will about the rogues running our government but they are nothing if not predictable. MORE

The Nuking Of America's Economy
Forget Iran, Americans Should Be Hysterical About This

By Paul Craig Roberts
Rense | February 12th 2006


Last week the Bureau of Labor Statistics re-benchmarked the payroll jobs data back to 2000. Thanks to Charles McMillion of MBG Information Services, I have the adjusted data from January 2001 through January 2006. If you are worried about terrorists, you don't know what worry is. MORE

The Middle Class on the Precipice

Elizabeth Warren | Harvard Magazine

During the past generation, the American middle-class family that once could count on hard work and fair play to keep itself financially secure has been transformed by economic risk and new realities. Now a pink slip, a bad diagnosis, or a disappearing spouse can reduce a family from solidly middle class to newly poor in a few months. MORE

Sinking Mexican Economy Exposes Myth Of 'Free Trade'

By: Larry Elliott
December 12, 2005 | The Guardian

Expect much gnashing of teeth in Hong Kong this week. The chances of securing a comprehensive trade deal are non-existent, with the talks now really about damage limitation and the apportionment of blame.

The development charities will say that the selfish behaviour of the developed world has condemned poor nations to further penury. Washington and Brussels will say the negotiations have been stymied by the obduracy of India and Brazil. Economists will have a field day explaining how the world is turning its back on millions of dollars' worth of extra growth, and that the poor countries will be the ones who will really suffer if the global economy lapses back into a new dark age of protectionism.  MORE

CAFTA Passes: Dirty Tricks and Devastating Consequences

Scott Ritsema/Prison Planet | August 3 2005

This past week, CAFTA passed the House of Representatives by a 217-215 vote. This vote, especially on the Republican side of the isle, does not reflect the views of the American people or the U.S. Constitution. Even many Rush Limbaugh listeners have called in to voice their strong opposition to this so-called “free trade agreement.” In fact, one poll suggests that half of the country’s Republican voters opposed CAFTA! Why, then, did roughly 80% of Congressional Republicans favor it? But we all know that the Washington insiders are completely out of touch with the American people and the Constitution.  MORE

Natural Petroleum - NO Connection With Biological Matter

Gas Resources | May 5th 2005

"The claims which have traditionally been put forward to argue a connection between natural petroleum and biological matter have been subjected to scientific scrutiny and have been established to be baseless. The outcome of such scrutiny comes hardly as a surprise, given recognition of the constraints of thermodynamics upon the genesis of hydrocarbons. MORE

Bankers Are Behind The Counter Culture
The Aquarian Conspiracy

By Henry Makow PhD
5-8-5


We assume large corporations have economic objectives. But we don't expect them to have a secret social and occult agenda as well.

For example, we don't expect them to engineer arrested development and family breakdown. We don't expect them to use pop culture to foster alienation and dysfunction.  MORE

The Illuminati Controlled Federal Reserve 'Terrorists'

By Michael Shore
Tel Aviv 11-24-4


The biggest "terrorist" threat to the People in the U.S.A. is not Ossama bin Laden or any other so-called "terrorist" leader or group. While Americans are preoccupied with a rigged phony election and "wars for PROFIT" in Iraq and Afghanistan, the Illuminati controlled Federal Reserve "terrorists" are orchestrating a financial collapse in the U.S.A. that could destroy the U.S.A. and other countries in the world much more than the Great Depression of 1929-32.

The biggest threat to America are the "terrorists" that are conducting "FINANCIAL WARFARE" in America and other countries of the world, possibly leading to s Global Financial Meltdown. These "terrorists" are a small covert, clandestine, London, European and American based organization operating in the U.S.A. as a supposed "U.S. government agency". MORE

ECONOMIC COLLAPSE TO FOLLOW MILITARY DEFEAT

Why has the war in Iraq turned out to be such a mess? What was originally envisaged to be a short campaign, which the Iraqis would welcome the “liberators” has now developed into a political, strategic and military disaster.
  MORE

Waterloo!

David Chuhran
April 26, 2004


Politicians are fleas! They're just an annoyance. At least that's the way it is to the World's bankers. I used to be politically passionate with many deep rooted convictions about freedom, liberty, democracy, and the rights and wrongs regarding the interpretations of the US Constitution. As a matter of fact, I was so passionate I spent seven and a half years in the military willing to make the ultimate sacrifice in defense of our flag. Don't get me wrong, I still believe, because the framers' intentions were clear. They were escaping tyranny, not attempting to create it. MORE

The dollar may fall this March
America's foreign debt currently standing at $8,184 trillion will hit the debt ceiling as early as February-March 2006

Pravda | January 14th 2006

The United States is heading to financial crisis at top speed. That is correct, America will default on its foreign debt sooner or later if the actual trends remain unchanged. Consequently, the whole dollar-based world (including savings in U.S. currency) may crumble. In actuality, the public have grown tired of numerous forecasts regarding an imminent collapse of the U.S. economy. The picture looks pretty grim this time around. Several factors will have an extremely detrimental effect on the dollar, according to U.S. Secretary of the Treasury John Snow who forwarded a letter full of ominous predictions to 21 members of U.S. Congress.  MORE

Whats the Fed Up To With the Money Supply?

Robert McHugh | Safehaven.com

Over the past two days, December 21st - when our first Hindenburg Omen (of whatever cluster is coming) - and Thursday December 22nd, the Federal Reserve has conducted one of the largest two-day Repo injections of money into the system since back in September 2001. On Wednesday they added $18.0 billion in reserves and on Thursday they added another $20.0 billion. Is this a coincidence, coming right as we get another Hindenburg Omen? Probably not. Is something high-risk going on behind the scenes here? Let's review some facts at the Fed. On November 10th, 2005, shortly after appointing Bernanke to replace Greenbackspan, the Fed mysteriously announced with little comment and no palatable justification that they will hide M-3 effective March 2006. M-3 has been the main staple of money supply measurement and transparent disclosure since the Fed was founded back in 1913.  MORE

The Real Purpose Of The Central American Free Trade Agreement (CAFTA)

By Deacon Elurby
8-3-5


Dear Professor Walter Williams,

During your hosting of Rush Limbaugh's radio show today, you covered the recent passage of CAFTA, giving your listeners your reason for supporting it, which reason was the traditional libertarian defense of individual freedom, and which freedom would include, say, allowing the U.S.-based merchants of McDonnell Douglas, Hughes Electronics and Loral Space and Communications to sell rocket technology to our enemy, Red China, so that she's able to target U.S. cities with nuclear-tipped missiles from Chinese soil. Right, professor?  MORE

Paul Wolfowitz, Strausscon Banker

By Kurt Nimmo
4-10-5

Now that warmonger and master Strausscon criminal conspirator Paul Wolfowitz has been selected by our cardboard cutout president Bush to head up the international loan shark operation, the World Bank, is it possible countries that default on their loans will be shocked and awed into submission? Of course, the World Bank does not have a standing army-it simply relies on the U.S. military to do its bidding.

"Wolfowitz, seen as a driving neoconservative voice behind Bush's controversial strategy of pre-emptive military action and spreading democracy in the Muslim world, pledged to serve the bank's multinational membership and to build consensus," writes Adam Entous for Reuters .

Ah, yes, "spreading democracy" in much the same way depleted uranium is spread by the wind. As for "consensus," Wolfowitz will certainly not bring this to the World Bank or its multinational members. If anything, Wolfowitz and the Strausscons are anathema to anything multinational-except of course multinational corporations.   MORE

The Real Unemployment Rate is 23%
How and Why Jobs are Vanishing from America

Luke Exilarch; March 20, 2005

Jobs are vanishing from America. Many of us realize this from our personal experience, or that of family members or friends.

The real unemployment rate is 23%

The federal government claims the unemployment rate for 2004 was 5.5% But the government’s “unemployment rate” statistic is a propaganda device. It does not count as “unemployed” people who are “not in the labor force.” According to economist Richard DuBoff, participation in the labor force by working-age males has been drifting downward for more than 40 years. Therefore, the government’s official “unemployment rate” is an increasingly misleading statistic.  MORE

What The Dollar's Collapse Will Mean To The World

By Bruce Porteous
bruceport@xtra.co.nz 11-26-4


Over the last few days, there has been a number of articles in the media about the steady decline of the $US against the Euro. While many economists have forecasted the possiblity of the dollar declining against the Euro for sometime, most do not comprehend the significance of this. Some believe that the decline of the dollar against the currencies of American's trading partners will help correct the USA's trade deficit, and the dollar will stop falling when the trade imbalance is corrected. However, the evidence is that the opposite is happening - the $US has declined 40% against the Euro over the last 2 years, and during this time America's trade deficit has continues to deteriorate. MORE

IMF at the core of the thief

With the swift conquest of Iraq, the serious business begins. Napoleon Bonaparte said: “The most dangerous moment comes with victory”. However, for the globalists, the coming drill is straight out of their standard play book. The dangerous moment will be for the post war Iraq, not the narrowly defined “international community” that made up the coalition. The much talked about triumvir of General Jay Garner, former director James Woolsey of the CIA and Ahmed Chalabi stooge for that agency, is a ruse. The earnest overhaul of Iraq into a model protectorate, will be the task of the entrusted enforcer - the IMF and the World Bank. MORE

WHAT ARE THEY SMOKING AT THE LABOR DEPT.?

By JOHN CRUDELE

May 11, 2004 -- DON'T get too excited about all those new jobs that were supposed to have been created in April.
I'm not going to waste a lot of my precious space on this, but the bottom line is that most of the 288,000 jobs that the Labor Department says were created last month may not really exist.  MORE

McNamara: The Sequel
CounterPunch Diary
By Alexander Cockburn
2-8-4


Apparently to McNamara's mortification, Errol Morris, whose film The Fog of War I recently discussed here, passes over his subject's thirteen-year stint running the World Bank, whither he was dispatched by LBJ, Medal of Freedom in hand.

McNamara brandishes his bank years as his moral redemption, and all too often his claim is accepted by those who have no knowledge of the actual, ghastly record. No worthwhile portrayal of McNamara could possibly avoid his performance at the World Bank, because there, within the overall constraints of the capitalist system he served, he was his own man. There was no LeMay, no LBJ issuing orders.  MORE

Is The Fed Expecting Catastrophe?
From Robt McHugh's Monetary forecast of 5-30-4 and Richard Russell today 6-2-4

"Let me just say from the outset that the Federal Reserve has confirmed our Stock Market Crash forecast by raising the Money Supply (M-3) by crisis proportions, up another 46.8 billion this past week. What awful calamity do they see? Something is up. This is unprecedented, unheard-of pre-catastrophe M-3 expansion. M-3 is up an amount that we've never seen before without a crisis - $155 billion over the past 4 weeks, a $2.0 trillion annualized pace, a 22.2 percent annualized rate of growth!!! There must be a crisis of historic proportions coming, and the Federal Reserve Bank of the United States is making sure that there is enough liquidity in place to protect our nation's fragile financial system. The amazing thing is, the Fed's actions mean they know what is about to happen. They are aware of a terrible, horrific imminent event. What could it be?"  MORE

Ending Our Plague
Before our children become rats.

Charles E. Carlson

Americans are sick with an intentionally spread disease far more deadly than anthrax. Our Plague has symptoms: constant wars and the dilution of our wealth are the two most deadly. Unlike the bubonic plague of the Middle Ages, our disease is being carefully crafted and cultured by man, some few of whom benefit from it beyond our wildest imagination. MORE

Greenspan Testimony Highlights Bush Plan for Deliberate Federal Bankruptcy

By Michael Meurer
t r u t h o u t | Perspective


Fed Chairman Alan Greenspan's Feb. 25 testimony to the House Budget Committee provided an unintentionally candid look at the Bush administration's deliberate fiscal policy of bankrupting the federal government to justify a sweeping program of privatization. MORE

Letter To NY Atty General Regarding Silver Manipulation
From Jason Hommel

To The Honorable Eliot Spitzer: A crime is taking place at the COMEX. A default is about to occur in both the gold markets and the silver markets. The crime is the creation of excessive and fraudulent paper promises to deliver gold and silver that does not exist. This is a crime of fraud that will hurt market participants as follows: MORE

President Andrew Jackson stated in reference to the bankers at the state of his administration: "You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out."

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