The Economist: U.S. In Depression, Not Recession
• PrisonPlanet.comRenowned 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.
Contents Pages by Subject
Economy - Economics USA
How can America be in Debt with $100 Trillon in hidden retirement funds?
Written By:http://www.brasschecktv.com/page/512.html
Read Letter
The Crisis of 2009 - the Fault of Markets or Governments?
• CynicusEconomicusIt 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?
Steel Industry, in Slump, Looks to U.S. Taxpayer Bailout
• NY TimesThe 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.
US rescue averted 'financial collapse': Treasury
• AFPMassive 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.]
US stocks suffer worst year since Great Depression
• Financial TimesThe 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.
Russian Professor (Former KGB Analyst) Predicts End of U.S. Due To Current Economic Crisis
• Wall Street JournalFor 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.
Where We Are, Where We're Heading (2009)
• market-ticker.denninger.net/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
Case Shiller and CAR Analysis December 2008 Release
• Michael Shedlock / MishWith unemployment poised to rise in 2009 it is extremely unlikely that housing bottoms anytime soon.
Holiday Wealth Annihilation: Place 20 Percent of your Portfolio in the Mattress
• DoctorHousingBubble.comHere 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.
The Scariest Housing-Related Chart Ever
• Mrmortgage.ml-implode.comBelow 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.
List of Troubled Banks
• LewRockwellReady 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
Phoenix Leads U.S. Home Price Decline as Lenders Unload Houses
• Bloomberg.comThe 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.
There's No Pain-Free Cure for Recession
• Peter Schiff for the Wall Street JournalIt 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.
Consumer Confidence Hits New Low on Jobs Woes
• CNBC.com/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.
Home prices plunge record 18 percent in October: S&P/Case-Shiller index
• news.yahoo.comThe 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.
Transition and Hope<br>by Ron Paul
Powell Gammill
The Shadow Money Lenders: The Real Significance of The Fed’s Zero-Interest-Rate Policy (ZIRP)
• www.globalresearch.ca/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
Words Eye View
China Cracks Down on Churches at Christmas
Greg J DixonThe 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.”
Holiday Sales Drop to Force Bankruptcies, Closings (Update4)
• Bloomerg.comU.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.
Pros Say: Employment Collapse is Coming
• CNBC.com/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.
10 things that won't survive the recession
• infoworld.com/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
The Economic Collapse of 2009 (Part Two)
Dave HodgesAmerica 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
The Economic Collapse of 2009 (Part 3): The Establishment of the American Police State
Dave HodgesThe 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.
Ron Paul: Economic crisis may be a blessing
• Press TVThe 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
Day-after-Christmas shopping falls short
• chicagotribune.com/business/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.
Abe Lincoln Outsmarts Central Bank (FED) We CAN Too!
• Catherine AbbittHonest 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!
Re: The Economic Collapse
Written By: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
Disingenuous New York Times Story on Global Imbalances
• Naked CapitalismThe 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
California Real Estate: Case Shiller Index and CAR Analysis January 2009 Release
• Michael Shedlock / MishMedian nominal prices in California are now down 53% according to CAR and 48% according to DQNews - and those declines are in 19-20 months!
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