Latest News About The Coming Depression

David Rockefeller “We are on the verge of a global transformation. All we need is the right major crisis.”

Posts tagged with the keyword: ‘bankruptcy’

Could Recessions Be Good For Health? Researchers Say Yes

Could Recessions Be Good For Health? Researchers Say Yes

So why would the return of good times be bad for health?
More economic activity means that people have money to drive a car, which means more likely to die in car wrecks, the researchers theorize. In the 1920s and 1930s, the cars become objects of mass consumption.
With the increasing use of motor vehicles, pollution [...]

Who Is Stimulus Money Going To?

Who Is Stimulus Money Going To?

There is a large amount of the stimulus targeted for low income families. Two things are there:
1. Since Construction workers in the past had a substantial percentage of illegal residents doing the building, how will the stimulus money assuredly end up in American’s pockets?
2. What about the low income housing itself. Will the homes [...]

The US Banking System’s Bankrupt: Roubini, Prechter, Soros

The US Banking System’s Bankrupt: Roubini, Prechter, Soros

Today three heavyweight economic and financial analysts have given their frank opinions on the state of the American financial and banking system, and the news isn’t all that comforting, or as positive as the news outlets are telling the general public. Indeed, one does not even need any so-called expert to tell them that [...]

US Dollar Is Finished: China, Arabia, Russia Say

US Dollar Is Finished: China, Arabia, Russia Say

Popular and unpopular economists (mostly unpopular according to the mainstream media) have been predicting the collapse of the US dollar as the reserve currency (or petrodollars) of the world for a couple decades now. It seems that their predictions are finally coming to fruition. Most of the gold brokers practice what they preach, [...]

Next Mortgage Default Wave: Commercial Real Estate

Next Mortgage Default Wave: Commercial Real Estate

Federal Reserve and Treasury officials were scrambling to prevent the commercial real estate to deliver a roundhouse punch to the U.S. economy as it struggles to recover from the carpet.
Gerald Celente, a famed economic forecaster, warned us that their efforts could be undermined by a sharp increase in seizures of commercial properties carrying mortgages [...]

California’s On Way To First Failed State

California’s On Way To First Failed State

It sure seems like California is insolvent. Today we heard that Arnold Schwarzenegger has contacted Hank Paulson to inform him that the State has liquidity problems and require assistance. California ranks as the world’s 9th largest economy with a population of over 30 million people, so it’s quite disturbing.
The state had an economy that [...]

U.S. Retail Industry Numbers: 1,131 Store Closings, 9 Chapter 11 Risks, 37 Simultaneous Openings and 284 Expansions in 2010

U.S. Retail Industry Numbers: 1,131 Store Closings, 9 Chapter 11 Risks, 37 Simultaneous Openings and 284 Expansions in 2010

By Barbara Farfan, About.com Guide to Retail Industry
The sum total of the numbers found in the U.S. retail industry store closings, store openings, job cuts, and Chapter 11 assessments in the second half of September don’t add up to recovery yet. But despite the threat of recessionary aftershocks which some predict will hit the retail [...]

Man Shot by Cops After House Auctioned Off

Man Shot by Cops After House Auctioned Off

Story Contributed by KPHO Reporter Cara Liu
Excerpt

PHOENIX (CBS/KPHO) So many these days can relate to the distress of losing a home, but neighbors in one north Phoenix neighborhood are struggling to understand why one man’s struggle had to end the way it did.
“He obviously became upset, made some comments, and went inside and [...]

Jobs Leaving Because Of Slave Labor: Coleman

Jobs Leaving Because Of Slave Labor: Coleman

Most major media outlets, politicians, business people, and government officials have officially announced that the world has entered a recession, while some have declared much worse: a depression that makes the last Great Depression of the 1930s look like a walk in the park. While the media is busy boosting its ratings with such doom [...]

Big economic crisis ahead: Faber

Big economic crisis ahead: Faber

Source : CNBC-TV18
Here is a verbatim transcript of the exclusive interview with Marc Faber on CNBC-TV18. Also watch the accompanying video.
Excerpt

Q: The concerns that the market and market participants seem to be grappling with is, is this looking like it is approaching bubble like territory or looking overbought?
A: Basically we have had huge fiscal stimulus [...]

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