by Richard C. Cook
Published: Nov. 23, 2009 – RichardCook.com
The United States does not control its own destiny. Rather it is controlled by an international financial elite, of which the American branch works out of big New York banks like J.P. Morgan Chase, Wall Street investment firms such as Goldman Sachs, and the Federal Reserve System. They in turn control the White House, Congress, the military, the mass media, the intelligence agencies, both political parties, the universities, etc. No one can rise to the top in any of these institutions without the elite’s stamp of approval.
by Bill Van Auken
Published: Nov. 19, 2009 – WSWS
At the end of his visit to China Wednesday, President Barack Obama warned that the US economy faces the threat of a “double-dip recession” unless the government carries out fiscal austerity measures designed to slash the mounting public debt.
Obama’s remarks came just a day after the Treasury Department announced that the US public debt had passed the $12 trillion mark, a record high. The debt has soared from $10 trillion in September 2008, at the outset of the world the financial meltdown. The unprecedented rise reflects above all the massive deficit spending that the government has used to bail out Wall Street and to assume responsibility for the bad debts of major banks and finance houses.
by Andre H. Paris
Published: Nov. 19, 2009 – Pak Alert Press
Stock markets have become nothing more than a world casino. Companies dump dead stock on the average investor after the money has been made. Unless you are working on wall street or have an in on trading, you are not going to make very much. The big money is made at board meetings with simple handshakes and head nods.
Do not buy into what media is telling you, now is not a good time to invest, and now is not a good time to invest in the real estate market. Don’t listen to the commercials, if you want to invest in anything invest in gold and silver. In unstable economic times the world always reverts back to precious metals. We have been trading in precious metals since ancient times.
The collapse was planned in order for those in power to gain control of the middle class of North America. They own the developing countries already. There is no such thing as a jobless economic recovery. When the news is telling you there is economic recovery going on it is a lie. Canada lost 43.000 jobs over October. Canada has a high dollar right now yes, but do not be fooled. There is no job growth, no GDP, the manufacturers are wanting to leave the country or outsource because they cannot turn a profit. The dollar is too high. The Canadian government as well as many other governments around the world are trying to stop inflation by buying up American dollars or American debt in order to keep their own country from going under.
Published: Nov 07, 2007 – Infowars
The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers, chief investment officer of Nine Points Capital Partners. Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis.
“If the global currency crisis unfolds, then inevitably you get an alignment of a global world government. A new global currency and a new world order, so we may be moving towards that,” he said.
Death of ‘Soul of Capitalism’: Bogle, Faber, Moore
by Paul B. Farrell
First Published: Oct. 20, 2009 – MarketWatch
Jack Bogle published “The Battle for the Soul of Capitalism” four years ago. The battle’s over. The sequel should be titled: “Capitalism Died a Lost Soul.” Worse, we’ve lost “America’s Soul.” And, worldwide, the consequences will be catastrophic.
That’s why a man like Hong Kong contrarian economist Marc Faber warns in his Doom, Boom & Gloom Report: “The future will be a total disaster, with a collapse of our capitalistic system as we know it today.” No, not just another meltdown, another bear-market recession like the one recently triggered by Wall Street’s too-greedy-to-fail banks. Faber is warning that the entire system of capitalism will collapse. Get it? The engine driving the great “American Economic Empire” for 233 years will collapse, a total disaster, a destiny we created.
The large-scale government intervention in the economy is going to end badly
by Ron Paul
Published: Oct. 29, 2009 – Forbes
Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.
A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.
by Paul Craig Roberts
Published: Oct. 26, 2009 – Infowars
Evidence that the US is a failed state is piling up faster than I can record it.
One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests.
Another conclusive hallmark is rising income inequality as the insiders manipulate economic policy for their enrichment at the expense of everyone else.
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