The Keys to Economic Growth
• dailybell.chRecent economic data show that U.S. job growth in May was negligible, while the official unemployment figure – at least the figure the Labor Department admits to – rose to 9.1%.
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Economy - Economics USA
U.S. Retail Sales Fell in May For The First Time in 11 Months
• CNBC.comU.S. retail sales fell in May for the first time in 11 months, dragged down by a sharp drop in receipts from auto dealerships, according to a government report that could raise fears of a prolonged economic slowdown.
Marie Callender's closes all Arizona locations
• AZcentral.comThe four restaurants in the Phoenix area and one in Tucson were among 58 locations that were closed after the Perkins & Marie Callender's Inc.'s bankruptcy filing Monday. The restaurants each employ about 30.
Mark Skousen on the Failing Dollar and the Growth of Liberty
• http://dailybell.ch/Dr. Skousen has had a diverse career. He has taught at Columbia Business School, served as president of the Foundation of Economic Education...
Police State Amerika
• http://lewrockwell.com/Dr. Vieira and I covered a lot of ground in our lengthy conversation, most of it related to the U.S. monetary system – its history, nature, and likely fate.
18 Signs The Collapse of Society Is Accelerating
• lewrockwell.comAs the U.S. economy collapses, the thin veneer of civilization that we all take for granted is going to begin to disappear. In fact, there are already an increasing number of signs that the collapse of society is accelerating.
Obama Seeks to Win Back Wall St. Cash
• nytimes.comA few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room.
US Is in Even Worse Shape Financially Than Greece: Gross
• www.cnbc.comWhen adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco's Bill Gross told CNBC Monday.
The Keys to Economic Growth - by Ron Paul
Powell GammillRecent economic data show that U.S. job growth in May was negligible. Private capital is the key to economic growth and new jobs. We cannot create jobs if we demonize profits, punish risk-taking capitalists, and stay hostile to foreign investment.
That Speeding Freight Train You Hear: The Next Financial Crisis
• Gary North via LewRockwell.comThe mainstream financial media are running stories on the next financial crisis. This is unheard of two years into a so-called economic recovery. So weak is this recovery that the old pre-2008 confidence has not returned.
James Howard Kunstler: A Distant Sound of Churning
• Kunstler.comOur own money management team here in the USA is in a box even worse than Europe's. It's not even a hall of mirrors. It's a broke-down Winnebago with moldy upholstery and the propane line is leaking inside. Everybody's wondering if Ben Bernanke...
ECRI: All You People Saying This Is A "Soft Patch" Are Dreaming
• BusinessInsider.com/He says we are on the verge of a “sustained slowdown”.
The Derivatives Pressure Cooker and Mortgage Backed Securities
• TheAutomaticEarth.blogspot.comA loss in American "household wealth" of some $11 trillion. Here's saying that the US economy can't take that sort of plunge and hope to live to see another day in anywhere near its present or recent shape.
Asking too much of U.S. consumers
• ReutersTalk about getting it from all sides. Economists want Americans to cut down on debt and boost spending all at once, even as home values tumble and gasoline prices soar. It may all be a bit too much for the average U.S. household, particularly with
U.S. finally penalizes major banks for mortgage modification failures
• RawStory.comThe Obama administration's mortgage modification program is more than two years old. From the beginning, it's been apparent that the participating banks and mortgage servicers were breaking the program's rules.
Another Gold Correction Is Coming
• Jeff Clark via LewRockwell.comThe gold price has been rising steadily for almost a year now, with nary a correction. It fell only 4% last month, and the biggest decline since last July was January’s 6.2% drop.
Steve Keen: Dude! Where’s My Recovery?
• NakedCapitalism.com/Neoclassical economists ignore the level of private debt, on the basis of the a priori argument that “one man’s liability is another man’s asset”, so that the aggregate level of debt has no macroeconomic impact.
Study: Young adults empowered by debt
• AZcentral.comThe study involved young adults. The more debt incurred by those in the 18-27 age group, the higher their self-esteem and the more in control they felt, according to researchers. But older respondents, in the 28-34 age group, voiced more stress...
Jim Quinn: It's The Debt, Dummy
• ZeroHedge.comIt was the early 1980′s and the Boomers were between 23 years old and 40 years old. Seventy six million Boomers were in the work force. Was it the chicken or the egg? The financial industry peddled debt as the solution to all problems.
U.S. foresees $46 billion in 2011 military sales
• RawStory.comThe United States plans to export $46.1 billion in weapons this year, nearly doubling its 2010 figures, officials said.
Iraq asks U.S. congressman to leave after he says they should ‘repay’ for war
• RawStory.comIraqi authorities have asked for a US congressman to leave the country after he called for Baghdad to repay part of the money spent by Washington since the 2003 invasion, a spokesman said on Saturday.
Argentina: A Case Study in How An Economy Collapses
• http://www.chrismartenson.com/When you ask any Argentinean person what concerns them the most, the first thing they’re going to be telling you is the crime problem.
This Weekend on LewRockwell.com - Sat. June 11th 2011
• LewRockwell.comThat Speeding Freight Train You Hear - The Decline and Fall of the Welfare State Obama can't stop it, says Pat Buchanan - The Bilderberg 2011 Attendee List - Another Gold Correction Is Coming - Astonishing Japanese Photos 3 Months After
Unofficial Problem Bank list over 1,000 Institutions
• CalculatedRiskBlog.comWith no closing or action terminations, the five additions this week finally push the Unofficial Problem Bank List over the 1,000 threshold. The list includes 1,002 institutions with assets of $417.4 billion, up from 997 and assets of $416.7 billion.
Get Ready to "Shelter In Place" or "Bug Out"
• Market-ticker.orgBe prepared to "shelter in place" or "bug out" as appropriate. "Wilding" events have already happened in some major cities. This is likely to spread if there is a "fiscal" or "monetary" accident and the "FSA" (free **** army) funds get cut off.
Fed Will Buy $50 Billion of Treasurys in Final QE2 Push
• http://www.cnbc.com/The flood of Federal Reserve money that has supported Wall Street and the rest of the U.S. economy for two and a half years will shrink to a trickle with the conclusion of the Fed's bond purchases announced Friday.
The United States vs. China
• RT.com via YouTubeWhats behind the souring of U.S. and China relations? When Barack Obama became U.S. President, the conventional wisdom was that relations would improve. The high point came when Obama made his first visit to China in November of 2009 when both sides
DJIA Sinks Below 12000
• online.wsj.comAnother dose of anguish about the global economic recovery sent the Dow Jones Industrial Average below 12000, pointing to a sixth straight weekly decline that would be blue chips' longest slump since 2002.
Jim Rogers: 'US the largest debtor nation in history'
• YouTube - Jim RogersWhile US and China are holding talks in Washington DC the question arises - who has the upper hand in this negotiation? Co-founder of the Quantum Fund Jim Rogers says he would always like to be a creditor, not a debtor.
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