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
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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 [...]

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 lawmakers in Congress [...]

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 are working, happy, [...]

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 the [...]

GLOBAL RESEARCH: World Depression: Regional Wars and the Decline of the US Empire

by Prof. James Petras
Introduction
            All the idols of capitalism over the past three decades crashed.  The assumptions and presumptions, paradigm and prognosis of indefinite progress under liberal free market capitalism have been tested and have failed.  We are living the end of an entire epoch:  Experts everywhere witness the collapse of the US and world financial system, the absence [...]

THE ATLANTIC: The Quiet Coup

FACTSNEWS- MUST READ! Lengthly, we will only post the first paragraph.
Full Article
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes [...]

Letter Re: Wealth Destruction–Real Wealth or Just On-Paper Wealth?

Conversation Thread taken from my favorite site Survivalblog.com (Author of blog is JWR)

Sir:
I followed the link in Thursday’s blog to this I followed this news story: 45 percent of world’s wealth destroyed: Blackstone CEO. It stated: “Between 40 and 45 percent of the world’s wealth has been destroyed in little less than a year and a [...]

Switzerland: A parasite feeding on developing world?

June 16, 2009
By Lord Aikins Adusei (Modern Ghana)
For more than half a century the Alpine nation of Switzerland has built a reputation as the world´s centre for tax evasion, fraud accounting, money laundering, racketeering, and above all a staunch ally of corrupt third world leaders and a great beneficiary of third world corruption.
Various categories of [...]

Goldman Sachs – THE WORLD’S BIGGEST PONZI SCHEME

Taken from a comment by “Calltoaccount”, which was taken from Institutional Risk Analytics, blogged by www.cjr.org
Res Ipsa Loquitor: Here’s the real story that’s been conveniently swept under the rug.
From Reuters: QUESTION: Did Goldman do any due diligence on AIG before buying credit default swaps (CDS) from it?
ANSWER: “We do extensive due diligence on all our counterparties.” [...]

H.R. 1207>>AUDIT WILL EXPOSE FED

By Christopher J. Petherick
During a hearing on Capitol Hill in early July, a top official at the Federal Reserve warned Congress to stay out of the bankers’ business and not force the privately owned and operated central bank to submit to a public audit.
On July 9 The Financial Times reported on Texas Republican Rep. Ron [...]