‘Death of American Capitalism:’ The 10 final scenes

By Paul B. Farrell, MarketWatch ARROYO GRANDE, Calif. (MarketWatch) — Good news, Americans are “downbeat about today. Upbeat about tomorrow,” says the latest USA Today/Gallup Poll. “Americans feel battered by hard times, record home foreclosures, stubbornly high unemployment rates and war.” And yes, we are “fed up with Washington and convinced more than 3 to [...]

Happiness in Slavery – REVOLT OF THE PLEBS

By Keith Johnson Don’t open your eyes You won’t like what you see The blind have been blessed with security Don’t open your eyes Take it from me I have found you can find Happiness in slavery Nine Inch Nails-Happiness in Slavery Think you’re free? Think again, slave! This week the Federal government will attempt [...]

Enough With The Government Cover-Ups

Edward Harrison, 01.12.10, 04:20 PM EST What really happened to AIG and other bankrupt firms. It has come to light recently that American International Group withheld important information about its dealings with financial counterparties in the lead-up to its collapse and bailout by the Federal Reserve. What is most troubling about this episode is that [...]

Summers: ‘Statistical Recovery and Human Recession’

Neal Lipschutz The Wall Street Journal January 30, 2010 Key Obama economic adviser Larry Summers coined a telling way to look at the current American economic state of play. He said the U.S. is experiencing a “statistical recovery and a human recession.” It is a phrase that should resonate through much of the industrial world, [...]

Game Over for the American Middle Class – MYBUDGET360

JAN-28-2010 – Game Over for the American Middle Class – Inflation Adjusted Wages up 20 Percent in Last 20 Years While Housing Costs are up 56 Percent and Healthcare Costs are up 155 Percent. The struggle for average Americans to keep up is largely becoming an act of will power and force in this current grand [...]

Is The U.S. Economy Being Tanked By Mistake or By Intent? by Bill Sardi

Is The U.S. Economy Being Tanked By Mistake or By Intent? by Bill Sardi Recently by Bill Sardi: Who Is Left Holding the Bag on US Debt? The government wants Americans to believe the greatest economic collapse in history was the result of ineptness and mistakes yet still have confidence in their financial institutions. Should American bankers be [...]

MB360: Employment Engineering: Firing those who Work with Their Hands. Finance, Insurance, and Real Estate Jobs Protected by Bailout Structure. Other Sectors Dealing with Depression Trends.

www.mybudget360.com Posted by mybudget360 in Employment, bailout, banks, economy, government, recession, unemployment 0 Comments // // It is hard to imagine why Wall Street would cheer a 10.2 percent official unemployment rate since the stock market actually ended the day higher after this dismal news.  Since the start of the recession, 8 million people have [...]

THE RICH? THEY GET ELECTED

www.truthdig.com Posted on Nov 7, 2009 A day after it was announced that the U.S. unemployment rate had hit the double-digit mark, a report was released showing that nearly half of the members of Congress are millionaires, seriously questioning the notion that our lawmakers identify with “we the people.” Hilariously enough, four of the top five richest [...]

YAHOO: Preparing for the Worst

by Robert Kiyosak Posted on Monday, August 24, 2009, 12:00AM “Is the crisis over?” is a question I am often asked. “Is the economy coming back?”My reply is, “I don’t think so. I would prepare for the worst.” Like most people, I wish for a better future for all of us. Life is better when people [...]

Stock Market History – Dow Jones 1990 to 2009

The market has been looking pretty good over the past few months. Do not get too excited. The market becomes very volitile in recession/depression times. Jobs have not recovered. The above chart shows the dow from 2007 (the peak) and now. Its highest point was about 14000 (which was WAY overvalued fueled by bubbles) and [...]