Friday, April 30, 2010
Seven more banks failed on Friday. This time it was much worse than last week's 7 bank closures. These banks are going to hit the FDIC with a $7.4 billion bill. Not only is the size of the failures increasing, but the rate is dramatically spiking. We've had over 20 failures in April along and the total number of for the year is 64.
In other news, the economy expanded by 3.2%. This was mostly customer spending. So is this the big break that economists have been waiting for? Is this the beginning of a recovery?
Not, really. Many people aren't paying their mortgages, so naturally, a lot of people have more money to spend. Plus, you add in the spending of the income tax checks and ignore the banks attempts to hide their toxic assets and you get an increase in the GDP.
Interestingly enough, the increase was below expectations.
So what do you think?
Tuesday, April 27, 2010
S&P Cuts Greece Ratings To Junk! Portugal Lose Sovereign Status!
It looks like we may be seeing the next wave in the collapse. Standard and Poor lowered Portugal sovereign status from an "A+" to an "A-" while putting Greece's rating in the junk pile. The markets didn't react very well to that. The Dow lost 200 points, but frankly I don't care about the stock market. I'm more concerned about the standard of living for the average Jane and Joe.
S&P cuts Portugal's sovereign ratings to 'A-/A-2'
S&P Cuts Greece Ratings To Junk, Markets Slump
Monday, April 26, 2010
What I am about to say to you is so outrageous that you may not believe. So I encourage you to click on the link. A homeless man was stabbed to death in New York. Doesn't sound shocking, right? Well, the homeless helped a woman who was being attacked by some thug. The homeless man was stabbed and left for dead. What happened next is unbelievable! Pedestrians saw the man on the ground and walked by him. That's right. For hours, ordinary people walked by the dying man. They didn't even care. One lowlife actually stopped to pull out his cellphone to take photos of the man.
New York City. The so called "center of the world" where this disgusting incident happened. Is this the type of country we want to live in? Is this what we are about?
In other news, two Illinois lawmakers are calling for the National Guard to help fight crime in Chicago. The city has had 116 murders this year alone. So much for gun control laws!
Let's see, we're going to turn Chicago into a military camp.
America is going down the shitter!
Friday, April 23, 2010
In the month of March, food prices jumps 2.4%, the largest jump in 26 years. This week, Lockheed Martin and Boeing announced layoffs, while Detroit, Cobb County and Connecticut sent pink slips to thousands of teachers. It looks like somewhere between 100,000 and 300,000 teachers will be laid out this year nationwide.
I've been telling people to store up on food and water for over one year. I have told uploaded countless videos on youtube demonstrating my preparation for what I believe to be an upcoming period of turmoil for this country. At this point, I can only hope that people were listening.
Food costs jumped 2.4 percent, the largest increase in 26 years.
More Layoffs At Lockheed Martin
Boeing issues layoff notices to 130 in state, 300 companywide
Cobb schools cut 734 jobs
2,000 Connecticut Teachers Face Layoffs Before Next School Year
DPS sends layoff notices to 2,000 teachers
Goldman Sachs Should Cut Losses in SEC Standoff, Lawyers Say
Greek Deficit Revised to 13.6%; Moodys Cuts Rating
U.K. GDP Rises Half as Much as Economists Forecast
US demands Chinese action on yuan
Monday, April 19, 2010
I guess I'm not the only one who warned of a possible terrorist attack in 2010. President of Trends Research Institute, Gerald Celente, is warning Americans about the consequences of U.S. foreign policy. He's saying that the U.S. can expect backlash from the families of the victims in Pakistan and all across the world. He believes the increase in terrorist attacks will be directly related to the wars in Afghanistan and Iraq.
Simply put, Celente argues that the U.S. bombing in Pakistan has created one of the greatest refugee crisis in recent history and that the survivors may seek revenge on America.
Celente, who predicted the stock market crash of 1987, the collapse of the Soviet Union and the collapse of 2008, is now forecasting a breakdown crisis in 2010.
I highly recommend you view this videos.
Friday, April 16, 2010
Goldman Sachs is being charged with fraud in a civil case by SEC (Security and Exchange Commission). Essentially, the SEC is charging Goldman Sachs with creating a basket of toxic assets, selling them to their customers and then begging against the deals. DIRTY! DIRTY! DIRTY!
Paulson & Co. not charged in SEC suit against Goldman
Wednesday, April 14, 2010
7.9 million Americans are not paying their mortgages, 39.5 million people are living on food stamps, we still haven't seen any real job creation and we're supposed to believe that the economy is recovering? Are these mainstream news people brain dead?
Anyway, I have an announcement to make. Author and webmaster (survivalblog.com) James Wesley Rawles will be joining me on air for my Monday radio show on the Freedomizer Network. It'll be at 6pm ET. So if you have any questions that you want me to ask him, let me know.
Tuesday, April 13, 2010
Monday, April 12, 2010
I've being talking about precious metals manipulation lately, so I think I make myself clear on the issue of precious metals, because a lot of people are confused about my position.
Why should you buy gold and silver? Simply put, it's just a means of storing wealth. It's not a get rich quick scheme. I recommend people primarily focus on food, water and protection. But if you have money and you want to convert it into something that is valuable, you may want to consider gold and silver.
I hope I cleared things up.
Here's your list.
2. Food (Dry goods, cans and gardening)
3. Protection (shotgun and rifle)
4. Medicine (antibiotics and pain-killers)
5. Tools and experiment
I have 1,2,3 and 5.
Let me see if I have this right. A Polish pilot is flying the President of Poland, the Polish Army chef, the head of the Polish National Bank and the entire Polish presidential government into Russia. The airport that he is targeting is covered in fog and it is impossible to land the plane. He is told to go to another airport and he has plenty of fuel, but he tries to land the plane, anyway. He fails to land the plane. What does he do? Does he head to the next airport? No! He tries to land the plane in the fog, again. But then, he fails again.
So what does he do next? He circles around the area and attempts to land the plane for the third time. And guess what? He can't land the plane. So at this point, it would be unimaginable that he would try again. But if you guessed that he would fly to the next airport, you would be wrong. The pilot makes a fourth and final attempt. The plane descends into the fog and arrives at its final destination...it millions of pieces. Everyone on board is killed and the Polish people are without a government. Either this man was the worse pilot in history or he was being forced to attempt that landing.
Saturday, April 10, 2010
Retail industry expert Howard Davidowitz of Davidowitz & Co. appeared on Yahoo news to chime in on the so-called recovery. Davidowitz concluded that foreign nations have no confidence in the U.S. dollar. He sees the U.S. debt reaching 100% of gross domestic product and ultimately, collapsing the nation. He believes that Bush was a disaster and that Obama is an even bigger disaster. I particularly enjoyed how he summed up the current fiscal policy as "Crazy!"
Elsewhere, a London trader revealed JP Morgan's silver manipulation scheme. Andrew Maguire contacted GATA Director Adrian Douglas and shilled his guts. Apparently, he report the criminal operation to the CFTC enforcement division about JPMorganChase manipulation of precious metals.
Thursday, April 8, 2010
For civilizations, there are never any free rides. For every action, there is a consequence. When the Romans overspent and over-expanded, it became corrupt and reckless. The empire crumbled and the world moved on. When the Weimar Republic drastically accelerated the printing of its currency to pay debts, its people suffered from a horrific hyper-inflationary holocaust. Today, America has managed to repeat the errors of both the Weimar Republic and the Roman Empire.
As of March 2010, we have 3.4 million Americans who have been unemployed for at least one year, 38 million people living on food stamps, millions of useless IOUs in our social security system, a medicare system that is severely underfunded, hundreds of underfunded pension systems, crashing tax revenue at all levels of government, inept stimulus packages that are drying up, two costly (and necessary wars) and a continued rise in unemployment (and underemployment.)
It you can't see the obvious by now, I don't think you ever will.
For those of you who are awake, I'll reiterate my warnings. Store food, water, protection and medicine. it's not enough to own a gun. You have to learn how to use it.
Like Rome and Weimar, this system will come crashing down. And when that happens, people are going to panic. I just hope that you're ready to weather the storm.
Tuesday, April 6, 2010
500 billion dollars. That's how much money the California Pension System needs to keep going. Essentially, millions of retirees in California may end up with a useless pension fund. Meanwhile, the Justice Department is investigating the California pension fund. Apparently, there are concerns over investment managers accepts bribes to put pension funds in some question areas. It looks like California is going down the toilet.
Study: California Public Pensions Underfunded by Over $500B
Criminal probe targets Calif. pension fund
Sunday, April 4, 2010
The First Lady spoke at a LGBT (Lesbian Gay Bisexual and Trans-gender) community event about homophobia and the spread of AIDS. She describe Kenya as Barrack Obama's homeland. Her words were as follows:
"Barrack has led by example, when we took our trip to Africa and visited his home country in Kenya, we took a public HIV test."
Now, I've never talked a lot about the Birther issue. There's a lot of people who are questioning Obama's nationality. They claim that he was born in Kenya and therefore does not qualify to be President of the United States. Maybe this is just a slip up or an incident where the First Lady misspoke, but I think it's time that Obama showed more transparency on the issue by releasing his real birth certificate and other records so that we can put this mess behind us.
Watch the video for yourself.
What do you think?
Friday, April 2, 2010
Good news, gloom and doomers! The backs are finally back. After two years of painful unemployment, the BLS reported that the U.S. economy added 162,000 jobs in March. So am I declaring an end to the depression (I mean, recession)? Hell no. It's great that we added 162,000 jobs in March, but let's get real. 40,000 of those jobs were temporary jobs, not real sustainable jobs. Speaking of which, 48,000 of the 162,000 jobs were Census jobs. Obviously, the U.S. Census jobs are temporary and not sustainable. So we only had an improvement of 84,000. Now, let me make myself clear, this is good news, but the long term trends in housing, commercial real estate, retail, baby boomer spending, government spending, debt and unemployment are all negative. So let's hope for the best and prepare for the worst.
Thursday, April 1, 2010
During the Holy Week, Pope Benedict XVI said nothing of the child abuse scandals that are shaking Europe. It was bad enough when American Bishops ignored and covered up the allegations of rape and child abuse for decades. But now the pope himself is being accused of ignoring child abuse reports. It seems that the Catholic Church has a problem that could threaten its very existence. This isn't just about a hand full of priests, it's about the institution. If the religion centers around a deity that uses a pope to speak his word on earth then what happens when people preceive that pope as being immoral. If the pope loses his credibility, how can the church continue to be relevant?
I'll admit that I have a passing fascination with Lyndon Larouche and his slightly creepy, if not entertaining, Larouche Youth. Larouche is a FDR style, pro-blue nuclear, anti-Obama, credit system loving, government interventionist who wants to impeach President Obama. But in his latest video, he is warning that Obama is not only being controlled by the British, but is possibly a target for assassination. Larouche believes that Obama is more use to the British dead than alive.
Does anyone take Lyndon Larouche seriously?
And do you think that President Obama could become a target?