The Coming Economic Depression 2010

Trade protectionism rising across world

“Trade protectionism is obviously intensifying with some countries using self-innovation, government procurement and the yuan exchange rate to exert pressure on China.” — Mr Zhang Ping minister of the National Development. Yes, free trade is communism. Watch the video below Everyone is talking about the economy lately (and no surprise there). We are all [...] Related posts:

Housing may drop another 25 percent

“While a 25% decline is unprecedented in modern times, some economists are beginning to talk about it. “We now see potential for another 25% to 30% downside over the next two years,” says David A. Rosenberg, North American economist for Merrill Lynch (MER), who until recently had expected a much smaller slide. “ Sickening isn’t it? [...] Related posts:

Thousands seeking mortgage help line up at Palm Beach

“We’ve been here the whole night,” she said, as rain clouds threatened to soak those in line. “We just don’t want to lose our home.” — Kimberley Miller Property was for centuries a place to be home (even a second home for immediate & extended family), raise a family, work in, work the land, a place [...] Related posts:

The auto sales recovery that was not

“.. J.D. Power predicted the retail selling rate — sales through dealerships, as opposed to the less lucrative fleet business — dropped to 8.9 million light vehicles from 9.2 million in July. “The economy is the big cause,” said J.D. Power forecasting director Jeff Schuster.” When I see so many vehicles on a dealership lot, [...] Related posts:

Consumers Dropping Pay TV Services

“Although it is tempting to point to over-the-top video as a potential culprit, we believe economic factors such as low housing formation and a high unemployment rate contributed to subscriber declines in the second quarter,” said SNL Kagan analyst Mariam Rondeli. Who give’s a crap if you kill cable? Really, are we going to keep that [...] Related posts:

Hindenburg Omen & Truth about the Fed’s manipulation of markets

Thomas Hoenig said Friday that interest rates near zero were “a dangerous gamble” in a period of moderate growth. Meanwhile, the Hindenburg Omen creator pulled entirely out of the stock market. Do these people know something we don’t? Finally – a Federal Reserve board member with some integrity and courage to tell the truth. The [...] Related posts:

Economy Caught in Depression, Not Recession: Rosenberg

“Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday. Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and [...] Related posts:

Ron Paul: Washington Is Destined to Destroy the Dollar

““We’re printing money, we’re spending money, we have not reformed Washington. They’re destined to destroy the dollar, which means not that the gold price is going up, but the value of gold will be maintained. The value of the dollar is destined to go down.”” Dr. Ron Paul speaks with Goldseek Radio about government tracking of [...] Related posts:

401k withdrawals spike 10 year high; will Obama steal your pensions?

‘”The current economy has forced some workers to borrow from their 401(k) accounts in order to pay for critical living expenses, ultimately jeopardizing their future retirement,” said James MacDonald, president of workplace investing for Fidelity Investments.’” It should be very very obvious that all future money will be in the hands of the globalist elites who [...] Related posts:

Dollar Drops as Rising Joblesss Claims Spur Recovery Concerns

“The dollar fell after more Americans than expected filed applications for unemployment benefits last week, signaling concern the recovery in the world’s biggest economy is slowing.” — SfGate The US is in denial. They are struggling with a faltering economy and looking for solutions while ignoring the source of the problem and that problem is the [...] Related posts:

Israel must attack Iran in 8 days: Bolton; effects of war with Iran

“”Once that uranium, once those fuel rods are very close to the reactor, certainly once they’re in the reactor, attacking it means a release of radiation, no question about it,” Bolton told Fox Business Network.” Ganging up on Iran has about as much to do with nuclear weapons as invading Iraq did. There is long term [...] Related posts:

There will be no double dip

“.. after the tumultuous and very painful times that we are likely to experience in the next few years, the West will have a sustained period of decline. All the excesses in the economy and in society must be unwound. These abnormal and unreal excesses are not just corporate executives, bankers, hedge fund managers [...] Related posts:

Service economy & fallacy of wealth distribution

“People wonder why there are no jobs yet they continue to pile into service industries with the false promise by politicians of job stability. The problem here is that services do not produce wealth.” Based on all available evidence, it seems the Western/American public wants to be misled. They have chosen ignorance over knowledge and [...] Related posts:

Inflation or deflation? Eventually it’s the former no matter what

For people who so-called predicted this downturn (probably predicted it 1 year ago), they certainly are missing the real threat. No it’s no inflation, it’s deflation. Ever wonder why the US dollar is increasing in value while everything else crashes in price? (housing, oil, and all other commodities?). It’s called deflation, and something much worse [...] Related posts:

Youth unemployment hits record highs; middle class jobs intentionally destroyed

“The world risks a crisis legacy of a “lost generation” of young people who dropped out of the job market, the organization added in its report. “The effects of the economic and financial crisis threaten to exacerbate the pre-existing decent work deficits among youth,” Somavia said.” — International Labor Organization Global youth unemployment has hit [...] Related posts: