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Renowned financial publication The Economist reports that, based on the characteristics of the current financial crisis, the U.S. is in a depression, not a recession.
http://www.brasschecktv.com/page/512.html
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It seems that everything that has gone wrong in the world economy can be directly, or indirectly, traced to government interventions. Despite this, the blame for this crisis is being laid at the door of the free market?
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The steel industry, having entered the recession in the best of health, is emerging as a leading indicator of what lies ahead. As steel production goes — and it is now in collapse — so will go the national economy.
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Massive rescue efforts by the US government and central bank in recent months helped avert a "financial collapse" and are working to stabilize the economy, a Treasury report said. [Geniuses spending us into and out of recession.]
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The worst annual performance for Wall Street stocks since the Great Depression ended with a modest rally on the final day of trading as the Federal Reserve pushed ahead with its plan to buy mortgage-backed securities.
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For a decade, academic Igor Panarin has been predicting the U.S. will fall apart in 2010. Few believed his argument -- that an economic and moral collapse will trigger a civil war and the eventual breakup of the U.S.
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Things will get "revolting" in a number of nations. Not here in America. Yet. If we're lucky the American Sheep will wake up and stage some of that peaceful protest stuff I outlined above. If we're not so fortunate 2010 could be
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With unemployment poised to rise in 2009 it is extremely unlikely that housing bottoms anytime soon.
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Here is the real irony. Ben Bernanke and Hank Paulson are determined to annihilate the U.S. Dollar. Why? Simple. It is the only mathematical way we will ever work our way out of our massive debt.
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Below is a chart of CA median home prices as reported by DataQuick. I am working on a project, which I will get out to you shortly. These data are part of it.
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Ready to see where your bank stands? A few days ago, a friend of mine called me to ask if I had any idea how to figure out which banks would be the next to fail. Some extensive googling revealed that while lists of troubled banks obviously exist, non
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The cost of a single-family home plunged 33 percent from a year earlier, according to an S&P/Case Shiller index. The decline was worse than Las Vegas, where prices fell 32 percent, and San Francisco, where they dropped 31 percent.
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It would be irresponsible in the extreme for an individual to forestall a personal recession by taking out newer, bigger loans when the old loans can't be repaid. However, this is precisely what we are planning on a national level.
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Consumer confidence fell to a record low in December as the worst job market in 16 years hammered sentiment, the Conference Board said on Tuesday.
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The composite index of 20 metropolitan areas fell 2.2 percent in October from September. The price drops, both on a year-over-year and month-over-month basis, came in worse than expectations based on a Reuters survey of economists.
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The disinformation by the global financial dailies in the last twelve months as to the cause of the global financial tsunami, serve the same purpose as the global mass media when they perpetuated the lies that lulled the people to support the war cri
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Words Eye View
The following ominous words came from an American missionary friend in China on December 26 at 5:05 am. “Care must be taken in communications. We are sending out less at this time. For the reason, please go to the link provided below.”
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U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years.
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The next stage in this financial crisis would be the collapse in employment, says Roger Nightingale, strategist at Pointon York. In light of this, he offers advice on how to invest with CNBC's Rebecca Meehan & Lisa Oake.
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One reason is that that there was no Internet or mobile technology in the 1930s. That means individual people and companies have very low-cost, high-efficiency alternatives for doing a wide range of activities. That will accelerate the demise of thos
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America just experienced a dismal Christmas retail season. We are already seeing massive retail failures which are tearing at the guts of economy (e.g., KB Toys, Linens and Things, Comp USA, Sharper Images, Circuit City). And this is just the tip of
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The United States government, as well as several reputable international sources are predicting widespread civil unrest (i.e., revolution) with an accompanying breakdown of America’s economic, political, social and legal order.
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The following is an exclusive Press TV interview with US congressman Ron Paul, a unique conservative politician who wants an end to US military presence on foreign soil, advocates US withdrawal from the UN, NATO and the North American Free Trade Agre
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The number of people visiting shopping centers Friday declined an estimated 19 percent from the day after Christmas last year, according to NPD Group, based on visits to 26 malls nationwide.
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Honest Abe outsmarted the Central Bank (FED) we CAN too! No debt........doesn't that sound sweet? Watch the whole movie. You must watch this to complete your NWO education!
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Dear Mr. Hodges, Your commentary is right on target. It should be so obvious what is happening to our nation that even Ray Charles could have seen it but yet, somehow, many continue to live in denial. Thank you for a "Common
Read Letter
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The article buys, hook, line and sinker, then- Fed-governor Ben Bernanke's depiction of so-called global imbalances (the US borrowing from abroad to fund overconsumption; Japan, China, Taiwan, and the Gulf States running significant, persistent t
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Median nominal prices in California are now down 53% according to CAR and 48% according to DQNews - and those declines are in 19-20 months!
