The Illusion of economic recovery and the coming deluge

Howe and Strauss,  those venerable American history scholars,   had it right all along.    I recall in 2002,  telling people that a U.S. and global depression was inevitable by 2008 or so,...

The US Dollar : demise by stealth

These quotes from The Independent auger the sudden appearance of a new order in our midst.   "In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with...

No Green Shoots

The feds’ stimulus program would hold unemployment below 8% in 2009. This year, yet not half passed, the rate is already 9.5%.Then, was said the numbers were getting better each month, inevitably leading to a...

One German Take on Merkel's Visit to the White House - Success

Chancellor Angela Merkel was guest at the White House yesterday.  There have been ongoing speculations that there was a distant relationship between the two leaders. During Friday's visit both Merkel and Obama...

More women than men lose jobs as economic crisis continues - ILO

In its annual report, Global Employment Trends for Women, the International Labour Organization says that as the world's economic crisis continues, women will lose more jobs than men, with up to 22 million out of...

Is Anybody Listening? President Obama Has And Now So Should You

The economic crisis globally has not only effected once super wealthy corporations but individual everyday families.  So much so that a group of teenage classmates from Village Academy...

China "Implores" US to Ensure Safety of its Assets. Part 1 of 2

By peter.reardon on China’s financial and military assets: - It is left to the imagination of the general public to guess what the fine print spells out under the conditions of America’s loan, actually a US government treasury bond purchase, of one-trillion dollars....

Obama Breaks With Europe And Israel

Obama Breaks With Europe And Israel, Plans 2009 ‘State Of Emergency’ Rule By: Sorcha Faal, and as reported to her Western Subscribers (Traducción al Español abajo) whatdoesitmean.com Russian Foreign Ministry reports on the upcoming meeting between President Obama...

World Dictatorship! WAKE UP!

" There is just too much to cover to give my 2 cents because I have 2 tons of gold to give. We’ve lived for several years in a delusion of democracy, freedom, and prosperity. Now, they’re taking it all away....

Scotland and Wales cancel football Euro bid

The credit crunch has claimed another victim, this time it's football. Scotland and Wales have cancelled plans for the two nations to joint host the Euro 2016 football tournament because of the global economic...

Fresh evidence points to paralysis of global economy

"Data from US and Japan triggered fears that the downturn has turned into the worst slump since the 1930s! Larry Elliott, economics editor guardian.co.uk The sharpest contraction in US growth for more than a quarter of a century, a collapse in Japanese factory output and an...

Pepsi and IBM are Now More Creditworthy than the U.S. Government

" Agora Financial’s Rude Awakening notes that the U.S. Government is now considered less credit-worthy than Pepsi or IBM by the credit default swap market: "As the nearby chart indicates, the price of insuring Treasury debt against default now costs more than the price of...

Trend Alert: Global Systemic Crisis, Geopolitical Dislocation!

" By Leap2020 GEAB N°32 is available! 4th quarter 2009 – Beginning of Phase 5 of the global systemic crisis: phase of global geopolitical dislocation - Public announcement GEAB N°32 (February 16, 2009) - Back in February 2006, LEAP/E2020 estimated that the...

Automobile crisis US trickles down to South Africa

The crisis faced by the American motoring industry has trickled outside the borders of the United States, and all the way to South Africa. According to South Africa's national metal workers union NUMSA, thousands...

ICELAND CRISIS: No. 1 Bank Kaupthing Forced into UK Administration and ING T...

THE Kaupthing, Iceland's largest bank, yesterday injected by a massive bail-out by the Icelandic government spearheaded by Geir Haarde was today forced by the British regulatory authorities to have the Kaupthing...

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