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Showing posts with label US debt. Show all posts
Showing posts with label US debt. Show all posts
Wednesday, October 23, 2013
Thursday, November 08, 2012
New World Next Week: Episode131 - Hopenosis Hangover, Fiscal Cliffs, Chinese Transfers
NewWorldNextWeek.com: Episode131 -
Hopenosis Hangover, Fiscal Cliffs, Chinese Transfers
Welcome to New World Next Week - the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week:
Story #1: Obamessiah Gets Four More Years of Fronting For The Empire
Prop. 37 Narrowly Defeated By Corporate Millions, Deceptive Ads
Colorado, Washington Pass Marijuana Legalization; Oregon Says No
Ground Zero's 'Night of the Living Dead Heat' Election Special w/ Doug Owen, Jack Blood and more
Story #2: Gold At 2wk High On Obama Win Focus On 'Fiscal Cliff'
Treasury Quietly Warns: 'Expect Debt Limit To Be Reached Near End of 2012'
Story #3: China's Power Transfer: Infighting And Spectacle
China Turns To Police, Cabdrivers To Enforce Orderly Transition In Power
Chinese, Awaiting New Leadership, Envy US Democracy
The Key Players in China's Power Transition: Inside the 'Gang of Seven'
Corbett Report Radio 253 – A Tale of Two sElections
Visit NewWorldNextWeek.com to get previous episodes in various formats to download, burn and share. And as always, stay up-to-date by subscribing to the feeds from Corbett Report here and Media Monarchy here. Thank you.
Previous: Episode130 - Polish Plane Crash, GeoUNgineering, Internet Surveillance
Hopenosis Hangover, Fiscal Cliffs, Chinese Transfers
Welcome to New World Next Week - the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week: Story #1: Obamessiah Gets Four More Years of Fronting For The Empire
Prop. 37 Narrowly Defeated By Corporate Millions, Deceptive Ads
Colorado, Washington Pass Marijuana Legalization; Oregon Says No
Ground Zero's 'Night of the Living Dead Heat' Election Special w/ Doug Owen, Jack Blood and more
Story #2: Gold At 2wk High On Obama Win Focus On 'Fiscal Cliff'
Treasury Quietly Warns: 'Expect Debt Limit To Be Reached Near End of 2012'
Story #3: China's Power Transfer: Infighting And Spectacle
China Turns To Police, Cabdrivers To Enforce Orderly Transition In Power
Chinese, Awaiting New Leadership, Envy US Democracy
The Key Players in China's Power Transition: Inside the 'Gang of Seven'
Corbett Report Radio 253 – A Tale of Two sElections
Visit NewWorldNextWeek.com to get previous episodes in various formats to download, burn and share. And as always, stay up-to-date by subscribing to the feeds from Corbett Report here and Media Monarchy here. Thank you.Previous: Episode130 - Polish Plane Crash, GeoUNgineering, Internet Surveillance
Tuesday, March 27, 2012
Ground Zero: Debt Rattle, Civil Warning and more
Listen Live/Subscribe to @ClydeLewis on @KXLnews Weeknights 9-Midnight (Podcast Now Commercial-Free!)
Global Normal*
Dark Matters:
Greetings from the End of the World*
Debt Rattle:
The New American Coup*
Civil Warning*
Previous: Redrum, Purim, Netstapo, Sphere and more
Global Normal* Dark Matters:
Greetings from the End of the World*
Debt Rattle:
The New American Coup*
Civil Warning*
Previous: Redrum, Purim, Netstapo, Sphere and more
Tuesday, December 27, 2011
sears to close 100-120 stores after poor holiday sales
turnaround at sears might be too late*
from guardian: Sears Holdings Corp plans to close between 100 and 120 Sears and Kmart stores after poor sales during the holidays, the most crucial time of year for retailers. The closings are the latest and most visible in a long series of moves to try to fix a retailer that has struggled with falling sales and shabby stores. In an internal memo Tuesday to employees, CEO and President Lou D'Ambrosio said that the retailer had not "generated the results we were seeking during the holiday." Sears Holdings Corp said it has yet to determine which stores will close but said it will post on its website when a final list is compiled. Sears would not discuss how many, if any, jobs would be cut.
econocrash updates:
US firms see europe woes as opportunities*
the biggest ceo screwups of 2011*
obama nation: even more debt & even more store closings*
from guardian: Sears Holdings Corp plans to close between 100 and 120 Sears and Kmart stores after poor sales during the holidays, the most crucial time of year for retailers. The closings are the latest and most visible in a long series of moves to try to fix a retailer that has struggled with falling sales and shabby stores. In an internal memo Tuesday to employees, CEO and President Lou D'Ambrosio said that the retailer had not "generated the results we were seeking during the holiday." Sears Holdings Corp said it has yet to determine which stores will close but said it will post on its website when a final list is compiled. Sears would not discuss how many, if any, jobs would be cut. econocrash updates:
US firms see europe woes as opportunities*
the biggest ceo screwups of 2011*
obama nation: even more debt & even more store closings*
Monday, November 21, 2011
super congress debt committee an unsurprising fail
deficit supercommittee officially admits failure
from forbes: In a statement released after the bell, the so-called budget deficit Supercommittee officially announced it failed to produce $1.2 trillion in budget cuts over the next decade. Their failure, anticipated by many, led to a substantial market plunge on Monday and will supposedly trigger the automatic sequester proposition, which is designed to enact $1.2 trillion in cuts, evenly split between defense and domestic spending.
destined to fail super committee completely fails
from washington times: For the uninitiated, America is drowning in debt. Barack Obama is piling on debt at an exponential rate while blaming everybody else for refusing to balance the books while he spends America into bankruptcy.
debt committee calls it quits without a deal
from cnn: Well, it's official. The congressional debt committee is so over. To no one's surprise, the bipartisan panel called it quits on Monday without reaching any agreement on debt reduction, let alone the $4 trillion "grand bargain" that budget experts say is needed at a minimum to get a handle on the country's long-term fiscal problems... The hope, of course, was that the super committee -- given extraordinary and unprecedented powers -- would tackle the tough problems facing the country's budget, such as rising health costs and an unwieldy tax code no one likes.
epic failure: the supercommittee was a super joke*
related econocrash updates:
US economic conditions are 'terrifying',
recession chances are 50%*
postal chief seeks ability to cut costs to stem losses*
mf global revelations keep getting worse*
greenberg sues US over aig takeover*
foreclosure lawyers who dressed as homeless people are now jobless people*
foreclosure firm steven j. baum to close down*
from forbes: In a statement released after the bell, the so-called budget deficit Supercommittee officially announced it failed to produce $1.2 trillion in budget cuts over the next decade. Their failure, anticipated by many, led to a substantial market plunge on Monday and will supposedly trigger the automatic sequester proposition, which is designed to enact $1.2 trillion in cuts, evenly split between defense and domestic spending.destined to fail super committee completely fails
from washington times: For the uninitiated, America is drowning in debt. Barack Obama is piling on debt at an exponential rate while blaming everybody else for refusing to balance the books while he spends America into bankruptcy.
debt committee calls it quits without a deal
from cnn: Well, it's official. The congressional debt committee is so over. To no one's surprise, the bipartisan panel called it quits on Monday without reaching any agreement on debt reduction, let alone the $4 trillion "grand bargain" that budget experts say is needed at a minimum to get a handle on the country's long-term fiscal problems... The hope, of course, was that the super committee -- given extraordinary and unprecedented powers -- would tackle the tough problems facing the country's budget, such as rising health costs and an unwieldy tax code no one likes.
epic failure: the supercommittee was a super joke*
related econocrash updates:
US economic conditions are 'terrifying',
recession chances are 50%*
postal chief seeks ability to cut costs to stem losses*
mf global revelations keep getting worse*
greenberg sues US over aig takeover*
foreclosure lawyers who dressed as homeless people are now jobless people*
foreclosure firm steven j. baum to close down*
Saturday, October 01, 2011
corbett report: episode202 - how to overthrow a dictator
from corbett report: From Romania to Egypt, even our recent history is replete with examples of how the people can stand up en masse and take down a dictator… but what if overthrowing the dictator is the easy part? This week on The Corbett Report we ask the question behind the question of how to overthrow a dictator: How to overthrow the power structure that underlies the dictatorship.download episode202/subscribe
the latest corbett report videos:
engineering the global crisis: financial destabilization for profiteering and power
the cia and the news media (eyeopener preview)
finance capital vs. public banking – ellen brown on grtv
the latest corbett report audios:
#379 - greg nikolettos
previous: episode201 - education 201
Tuesday, September 27, 2011
latest government shutdown crisis averted... for a month
from dpa: The US Senate passed a spending measure late Monday that for the third time this year averted a government shutdown over spending disagreements. A request for additional emergency money had threatened to bring the US government to a standstill again amid wrangling in Congress, until Senate leaders announced an agreement that avoided the issue altogether. The Senate passed 79-12 a short-term funding measure that will keep the government running through mid-November. The upper chamber of Congress avoided a looming shutdown over a request for additional money for the Federal Emergency Management Agency (FEMA). The agency had earlier said it needed additional money to make it through the fiscal year. But the disaster agency indicated Monday that it might be able to stretch its budget through to the end of week, when the budget year ends.related econocrash updates:
fed plans to identify 'key bloggers'*
'super committee' meets in super secret*
banks to make customers pay debit card fee*
record low new home sales in 2011*
nine american cities going broke*
video: hallmark's new job loss greeting card*
Tuesday, September 13, 2011
poverty rate rises as incomes decline
from cnnmoney: Amid a still struggling economy, more people in America fell below the poverty line last year, according to new census data released Tuesday. The nation's poverty rate rose to 15.1% in 2010, its highest level since 1993. In 2009, 14.3% of people in America were living in poverty. "The results are not surprising given the economy," said Paul Osterman, a labor economist at MIT. "You would expect with so many people unemployed, the poverty rate would go up. It's just another sign of what a difficult time this is for so many people." About 46.2 million people are now considered in poverty, 2.6 million more than last year. The government defines the poverty line as income of $22,314 a year for a family of four and $11,139 for an individual. The Office of Management and Budget updates the poverty line each year to account for inflation.related econocrash updates:
poverty in america: a special report*
obama jobs plan: 10 reasons it's a bad joke*
20 signs of imminent financial collapse in europe*
here's why everyone's thinking that greece might default*
student loan default rate highest in 14yrs*
jpmorgan pays $88m in fines for trading with enemies*
ubs $2b 'rogue trade' suspect held in london*
Monday, August 08, 2011
dow closes down 633 points after final plunge
video: obamapocalypse aa+ speech on manic monday
The Dow Jones industrial average finished the day down 633 points Monday after a full-day sell-off accelerated in the final hour of trading as investors struggled to absorb Standard & Poor's decision to downgrade the United States' credit rating. Investors piled out of stocks and into a few "safe havens," such as gold and Treasury bonds. The appetite for Treasury bonds suggests that the Standard & Poor's downgrade has not shaken investors' faith in U.S. bonds. Market experts said the Monday sell-off was sparked by the S&P announcement but was motivated more by growing concerns about the weakness of the global economy.
previous: united states loses aaa credit rating*
related econocrash updates:
dow falls 633: sixth biggest stock market crash in history*
the stock market crash of 2011?*
video: downgrade is 'theatre to build up the fear'*
US will roll out qe3 after s&p rating cut*
video: military spending to blame for US credit downgrade*
video: cnn on 'why not to panic'*
police raid milan offices of moody's and standard & poor's*
washington state's murray will co-chair deficit 'super' panel*
debt 'supercommittee' ready for action*
dollar falls most in 40yrs against swiss franc after fed's pledge to maintain key interest rate at a record low*
geithner tells obama he will remain as treasury secretary*
postal service proposes cutting 120,000 jobs, pulling out of health-care plan*
aig sues bofa over mortgage bonds*
jpmorgan takes over finances for kentucky state government*
debt-hit students urged to sell their kidneys*
10 of today's hottest jobs: proof that america is doomed*
US consumer confidence drops to three-decade low amid economic headwinds*
The Dow Jones industrial average finished the day down 633 points Monday after a full-day sell-off accelerated in the final hour of trading as investors struggled to absorb Standard & Poor's decision to downgrade the United States' credit rating. Investors piled out of stocks and into a few "safe havens," such as gold and Treasury bonds. The appetite for Treasury bonds suggests that the Standard & Poor's downgrade has not shaken investors' faith in U.S. bonds. Market experts said the Monday sell-off was sparked by the S&P announcement but was motivated more by growing concerns about the weakness of the global economy.
previous: united states loses aaa credit rating*
related econocrash updates:
dow falls 633: sixth biggest stock market crash in history*
the stock market crash of 2011?*
video: downgrade is 'theatre to build up the fear'*
US will roll out qe3 after s&p rating cut*
video: military spending to blame for US credit downgrade*
video: cnn on 'why not to panic'*
police raid milan offices of moody's and standard & poor's*
washington state's murray will co-chair deficit 'super' panel*
debt 'supercommittee' ready for action*
dollar falls most in 40yrs against swiss franc after fed's pledge to maintain key interest rate at a record low*
geithner tells obama he will remain as treasury secretary*
postal service proposes cutting 120,000 jobs, pulling out of health-care plan*
aig sues bofa over mortgage bonds*
jpmorgan takes over finances for kentucky state government*
debt-hit students urged to sell their kidneys*
10 of today's hottest jobs: proof that america is doomed*
US consumer confidence drops to three-decade low amid economic headwinds*
Saturday, August 06, 2011
united states loses aaa credit rating from s&p, markets go wild
debt crisis q&a: what you need to know about s&p cut*
from reuters: The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the government's budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the American government, companies and consumers. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics," S&P said in a statement. The decision follows a fierce political battle in Congress over cutting spending and raising taxes to reduce the government's debt burden and allow its statutory borrowing limit to be raised... The S&P 500 stock index fell 10.8 percent in the past 10 trading days on concerns that the U.S. economy may head into another recession and because the European debt crisis has been growing worse as it spreads to Italy.
update: dow closes down 633 points after final plunge*
from reuters: The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the government's budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the American government, companies and consumers. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics," S&P said in a statement. The decision follows a fierce political battle in Congress over cutting spending and raising taxes to reduce the government's debt burden and allow its statutory borrowing limit to be raised... The S&P 500 stock index fell 10.8 percent in the past 10 trading days on concerns that the U.S. economy may head into another recession and because the European debt crisis has been growing worse as it spreads to Italy.update: dow closes down 633 points after final plunge*
Tuesday, August 02, 2011
obamessiah signs debt limit bill after 'nasty' fight
including the disturbing new #supercongress...
from cbsnews: President Obama signed a hard-fought, last-minute compromise bill to avert economic catastrophe Tuesday, saying the deal to cut spending and increase the nation's $14.3 trillion debt limit marked an "important first step to ensuring that as a nation we live within our means." The bill, he said, was the outcome of a "long and contentious debate" to avoid a man-made economic disaster that he described as creating "unsettling" economic uncertainty. He said that while voters chose divided government, "they sure didn't vote for dysfunctional government."
previous: white house & congress critters close in on debt deal
related econocrash updates:
satire: drunken ben bernanke tells everyone at neighborhood bar how screwed the US economy really is*
the committee of 13 & the debt ceiling deal from hell*
US eats up most of debt limit in one day*
US borrowing tops 100% of gdp*
moody's confirms US aaa rating; meanwhile, food stamp use rises to record*
georgia & colorado bank failures cost US $2.5b*
howard stein, who helped teach public to invest, dies at 84*
US govt sues ubs for $900m, charging mortgage fraud*
reid announces deal to end faa shutdown*
dow plunges 512 points: here's what's bothering the stock market*
video: pelosi on house floor - 'novus ordo seclorum'*
from cbsnews: President Obama signed a hard-fought, last-minute compromise bill to avert economic catastrophe Tuesday, saying the deal to cut spending and increase the nation's $14.3 trillion debt limit marked an "important first step to ensuring that as a nation we live within our means." The bill, he said, was the outcome of a "long and contentious debate" to avoid a man-made economic disaster that he described as creating "unsettling" economic uncertainty. He said that while voters chose divided government, "they sure didn't vote for dysfunctional government."previous: white house & congress critters close in on debt deal
related econocrash updates:
satire: drunken ben bernanke tells everyone at neighborhood bar how screwed the US economy really is*
the committee of 13 & the debt ceiling deal from hell*
US eats up most of debt limit in one day*
US borrowing tops 100% of gdp*
moody's confirms US aaa rating; meanwhile, food stamp use rises to record*
georgia & colorado bank failures cost US $2.5b*
howard stein, who helped teach public to invest, dies at 84*
US govt sues ubs for $900m, charging mortgage fraud*
reid announces deal to end faa shutdown*
dow plunges 512 points: here's what's bothering the stock market*
video: pelosi on house floor - 'novus ordo seclorum'*
Monday, August 01, 2011
ground zero: satan's sandwich, e perilous vermin, death train & more
listen/subscribe to @clydelewis on @kxlnews weeknights 9-12
monday - satan's sandwich*
tuesday - e perilous vermin: a financial false flag w/ guests gerald celente & james kwak*
wednesday - death train w/ guest shepard ambellas of theintelhub.com*
thursday - project cytokine cull w/ guest anthony j. hilder*
friday - luciferian end game: return to the planet of the apes*
previous: emp dominoes, godwin, death's head & more
monday - satan's sandwich* tuesday - e perilous vermin: a financial false flag w/ guests gerald celente & james kwak*
wednesday - death train w/ guest shepard ambellas of theintelhub.com*
thursday - project cytokine cull w/ guest anthony j. hilder*
friday - luciferian end game: return to the planet of the apes*
previous: emp dominoes, godwin, death's head & more
Sunday, July 31, 2011
white house & congress critters close in on debt ceiling deal
meanwhile, apple inc. has more cash on hand than the govt...
from afp: With barely two days to act, US President Barack Obama and top lawmakers closed in on Sunday in on an ambitious deal to avert a disastrous debt default sure to sow chaos in the fragile world economy.
"We are very close," Republican Senate Minority Leader Mitch McConnell told CNN amid frantic beat-the-clock talks among the White House, its Democratic allies, and its Republican foes.
Senior Obama adviser David Plouffe indicated on NBC television there was an emerging consensus but no solid agreement yet to raise the $14.3 trillion US debt ceiling ahead of a midnight Tuesday (0400 GMT Wednesday) deadline.
"We don't have a deal. The hours are ticking," Plouffe said on NBC, stressing: "We have to get this solved. Today is obviously a critical day."
The US economy hit its debt limit on May 16 and has used spending and accounting adjustments, as well as higher-than-expected tax receipts, to continue operating normally - but can only do so through midnight Tuesday.
Business and finance leaders have warned default would send crippling aftershocks through the fragile US economy, still wrestling with stubbornly high unemployment of 9.2 percent in the wake of the 2008 global meltdown.
Without a deal, the US government would have to cut an estimated 40 cents out of every dollar it spends, forcing grim choices between defaulting or cutting back programmes like those that help the poor, disabled and elderly.
Any compromise would still need to clear the divided Democratic-led Senate and Republican-held House of Representatives, where conservatives close to the "Tea Party" movement have called for draconian belt-tightening.
video satire: 'raise the debt ceiling rap' by remy*
related obamessiah updates:
obama at 50: hair is gray - like US political mood*
video: nader calls for primary challenge to obama*
homeless man held after jumping white house fence*
tangled john edwards cases prompt delay in trial*
video: huntsman plays 'charlie brown' theme song*
update1: washington reaches sweeping budget deal*
update2: obamessiah signs debt limit bill after 'nasty' fight*
from afp: With barely two days to act, US President Barack Obama and top lawmakers closed in on Sunday in on an ambitious deal to avert a disastrous debt default sure to sow chaos in the fragile world economy."We are very close," Republican Senate Minority Leader Mitch McConnell told CNN amid frantic beat-the-clock talks among the White House, its Democratic allies, and its Republican foes.
Senior Obama adviser David Plouffe indicated on NBC television there was an emerging consensus but no solid agreement yet to raise the $14.3 trillion US debt ceiling ahead of a midnight Tuesday (0400 GMT Wednesday) deadline.
"We don't have a deal. The hours are ticking," Plouffe said on NBC, stressing: "We have to get this solved. Today is obviously a critical day."
The US economy hit its debt limit on May 16 and has used spending and accounting adjustments, as well as higher-than-expected tax receipts, to continue operating normally - but can only do so through midnight Tuesday.
Business and finance leaders have warned default would send crippling aftershocks through the fragile US economy, still wrestling with stubbornly high unemployment of 9.2 percent in the wake of the 2008 global meltdown.
Without a deal, the US government would have to cut an estimated 40 cents out of every dollar it spends, forcing grim choices between defaulting or cutting back programmes like those that help the poor, disabled and elderly.
Any compromise would still need to clear the divided Democratic-led Senate and Republican-held House of Representatives, where conservatives close to the "Tea Party" movement have called for draconian belt-tightening.
video satire: 'raise the debt ceiling rap' by remy*
related obamessiah updates:
obama at 50: hair is gray - like US political mood*
video: nader calls for primary challenge to obama*
homeless man held after jumping white house fence*
tangled john edwards cases prompt delay in trial*
video: huntsman plays 'charlie brown' theme song*
update1: washington reaches sweeping budget deal*
update2: obamessiah signs debt limit bill after 'nasty' fight*
Wednesday, July 27, 2011
obamessiah & econocrash updates: debt sealing US fate
video: obama strikes fear into US while reassuring big banks*
'super congress': debt ceiling negotiators aim to create new legislative body*
US constitution makes default illegal:
what a real president would do on aug 1*
obama admin sells chrysler shares to foreign company*
who owns america? hint: it's not china*
most of US debt is owed to ... americans*
the looting of america:
fed made $16t in secret loans to bankster friends, media silent*
obama passes 'dream act' by exec memo*
imf/cfr insider recruited by obama white house*
the occult world of economics*
alabama county readies for largest municipal bankruptcy in US history*
video: fox news says ron paul is 'a name you should watch out for'*
new high in poll: 46% of voters think most in congress are corrupt*
video satire: social security reform bill encourages americans to live faster, die younger*
'super congress': debt ceiling negotiators aim to create new legislative body* US constitution makes default illegal:
what a real president would do on aug 1*
obama admin sells chrysler shares to foreign company*
who owns america? hint: it's not china*
most of US debt is owed to ... americans*
the looting of america:
fed made $16t in secret loans to bankster friends, media silent*
obama passes 'dream act' by exec memo*
imf/cfr insider recruited by obama white house*
the occult world of economics*
alabama county readies for largest municipal bankruptcy in US history*
video: fox news says ron paul is 'a name you should watch out for'*
new high in poll: 46% of voters think most in congress are corrupt*
video satire: social security reform bill encourages americans to live faster, die younger*
Monday, July 18, 2011
obamessiah threatens 'armageddon', warns US 'running out of time'
meanwhile, moody's suggests US eliminate debt ceiling...
from afp: US President Barack Obama pressed polarized lawmakers Saturday to avert what he called economic "Armageddon" by quickly forging a deal to prevent an early August debt default by the world's richest country. "Simply put, it will take a balanced approach, shared sacrifice, and a willingness to make unpopular choices on all our parts," Obama said in his weekly radio address. "That means spending less on domestic programs," the president explained. "It means spending less on defense programs. ... And it means taking on the tax code, and cutting out certain tax breaks and deductions for the wealthiest Americans." The US government reached its debt limit of $14.29 trillion in May, and since then the Treasury Department has used special measures to allow the government to keep paying its bills. But unless the limit is raised by August 2, the Treasury says, growing spending and debt service commitments will force a default, which would have disastrous ripple effects throughout the global financial system.
video update: bankrupting america, history of US debt ceiling*
related econocrash updates: too big to fail?:
10 banks own 77% of all US banking assets*
dear mr. obama - setting the record straight*
banks pay back tarp funds by. . .borrowing from treasury*
taxpayers lose $1.3 billion as govt. exits chrysler*
congress addressing postal service losses*
video: borders to shut down for good after deal collapses*
mortgage 'robo-signing' continues in michigan, other states*
video: dallas county rental voucher event leads to stampede, injuries*
from afp: US President Barack Obama pressed polarized lawmakers Saturday to avert what he called economic "Armageddon" by quickly forging a deal to prevent an early August debt default by the world's richest country. "Simply put, it will take a balanced approach, shared sacrifice, and a willingness to make unpopular choices on all our parts," Obama said in his weekly radio address. "That means spending less on domestic programs," the president explained. "It means spending less on defense programs. ... And it means taking on the tax code, and cutting out certain tax breaks and deductions for the wealthiest Americans." The US government reached its debt limit of $14.29 trillion in May, and since then the Treasury Department has used special measures to allow the government to keep paying its bills. But unless the limit is raised by August 2, the Treasury says, growing spending and debt service commitments will force a default, which would have disastrous ripple effects throughout the global financial system.video update: bankrupting america, history of US debt ceiling*
related econocrash updates: too big to fail?:
10 banks own 77% of all US banking assets*
dear mr. obama - setting the record straight*
banks pay back tarp funds by. . .borrowing from treasury*
taxpayers lose $1.3 billion as govt. exits chrysler*
congress addressing postal service losses*
video: borders to shut down for good after deal collapses*
mortgage 'robo-signing' continues in michigan, other states*
video: dallas county rental voucher event leads to stampede, injuries*
Tuesday, July 12, 2011
obamessiah can't guarantee social security checks will go out on aug3
meanwhile, military funding will continue on schedule...
from cbsnews: President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks. "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News. The Obama administration and many economists have warned of economic catastrophe if the United States does not raise the amount it is legally allowed to borrow by August 2. Lawmakers from both parties want to use the threat of that deadline to work out a broader package on long-term deficit reduction, with Republicans looking to cut trillions of dollars in federal spending, while Democrats are pushing for a more "balanced approach," which would include both spending cuts and increased revenue through taxes.
econocrash updates:
US regime may cite 14th amendment to raise debt ceiling*
details from the awful june jobs report*
icahn makes $12.6b bid for clorox*
wisconsin prisoners to replace union workers with prisoners*
video: minnesota running out of booze, cigarettes due to government shutdown*
nearly one in five recent grads is out of work*
foreclosures by bank of america expected to rise*
societal chaos & how elites will try to maintain control*
moody's puts US bond rating on review for possible downgrade*
dollar drops on moody's & bernanke remarks*
US credit rating not worth saving, ron paul says*
loss of aaa rating could unleash financial hell*
european markets plunge as debt crisis worsens; gold jumps*
video: paul asks bernanke 'why do central banks hold gold?’*
iran & the first US dollar war defeat*
mounting evidence that dominique strauss-kahn was framed*
eu calls emergency meeting as crisis stalks italy*
italy's 2,400 tons of gold the real target of 'imf terrorists'?*
from cbsnews: President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks. "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News. The Obama administration and many economists have warned of economic catastrophe if the United States does not raise the amount it is legally allowed to borrow by August 2. Lawmakers from both parties want to use the threat of that deadline to work out a broader package on long-term deficit reduction, with Republicans looking to cut trillions of dollars in federal spending, while Democrats are pushing for a more "balanced approach," which would include both spending cuts and increased revenue through taxes.econocrash updates:
US regime may cite 14th amendment to raise debt ceiling*
details from the awful june jobs report*
icahn makes $12.6b bid for clorox*
wisconsin prisoners to replace union workers with prisoners*
video: minnesota running out of booze, cigarettes due to government shutdown*
nearly one in five recent grads is out of work*
foreclosures by bank of america expected to rise*
societal chaos & how elites will try to maintain control*
moody's puts US bond rating on review for possible downgrade*
dollar drops on moody's & bernanke remarks*
US credit rating not worth saving, ron paul says*
loss of aaa rating could unleash financial hell*
european markets plunge as debt crisis worsens; gold jumps*
video: paul asks bernanke 'why do central banks hold gold?’*
iran & the first US dollar war defeat*
mounting evidence that dominique strauss-kahn was framed*
eu calls emergency meeting as crisis stalks italy*
italy's 2,400 tons of gold the real target of 'imf terrorists'?*
Tuesday, July 05, 2011
econocrash updates: in dependence & the day after
celebrating independence yet enslaved to debt*
assessing our independence this july 4th*
a prepper's view of independence day*
why the first amendment is foremost*
the tenth amendment & states' rights*
media attacks US on independence day*
elite not even trying to hide how much they hate the constitution*
ben franklin awarded knights of malta grand master with special medal for his role in the revolutionary war*
video: tiny camera strapped to lit firework captures its flight*
where will you go when the sovereign debt volcano blows?*
video: brzezinski again warns middle class unrest to hit US*
obama puts social security, medicare cuts on the table*
mixed reaction in memphis as mexican truckers get ok to operate in US*
taxing the top 25 hedge fund managers like average citizens would cut deficit by $44b*
video: washington mutual shareholders win $208 million*
16 reasons why the US can no longer afford to be the police of the world*
video: ny wedding businesses see boost from same sex marriage*
we're number one?! 20 not-so-good categories the US leads the world in*
movement to abolish corporate personhood gaining traction*
10 reasons why lindsay lohan is right about the federal reserve & the price of food*
video: ohio teens rob neighborhood kids' lemonade stand*
assessing our independence this july 4th* a prepper's view of independence day*
why the first amendment is foremost*
the tenth amendment & states' rights*
media attacks US on independence day*
elite not even trying to hide how much they hate the constitution*
ben franklin awarded knights of malta grand master with special medal for his role in the revolutionary war*
video: tiny camera strapped to lit firework captures its flight*
where will you go when the sovereign debt volcano blows?*
video: brzezinski again warns middle class unrest to hit US*
obama puts social security, medicare cuts on the table*
mixed reaction in memphis as mexican truckers get ok to operate in US*
taxing the top 25 hedge fund managers like average citizens would cut deficit by $44b*
video: washington mutual shareholders win $208 million*
16 reasons why the US can no longer afford to be the police of the world*
video: ny wedding businesses see boost from same sex marriage*
we're number one?! 20 not-so-good categories the US leads the world in*
movement to abolish corporate personhood gaining traction*
10 reasons why lindsay lohan is right about the federal reserve & the price of food*
video: ohio teens rob neighborhood kids' lemonade stand*
Tuesday, June 21, 2011
financial collapse of greece: canary in the coalmine for global economy?
the economic collapse blog: The rest of the world needs to sit up and take notice of what is going on in Greece right now. This is what can happen when you allow government debt to spiral out of control. Once it becomes clear that you can't pay your debts, a financial collapse can happen very suddenly and you start losing your sovereignty to those that you must turn to for financial help. So is the financial collapse of Greece the "canary in the coal mine" for the global economy? EU finance ministers have given the Greek government two weeks from Monday to approve another round of brutal austerity measures. If the austerity measures are not approved, Greece will not receive the next bailout installment of 12 billion euros. If that happens, the whole globe better buckle up because it is going to get crazy. July 3rd is the deadline. Basically the EU has put a gun to the head of the Greek government. Without this bailout money, Greece will default and economic hell will break loose all across the country.video update: greece's papandreou survives confidence vote*
econocrash updates:
scotus takes a step closer to debtors' prison*
wal-mart sex discrimination class action rejected*
unionized actors made anti-union video for target*
video: nc man allegedly robs bank of $1 to get health care in jail*
bank demolished man's house by mistake*
surprise oil release rattles markets, investors*
bankster gunned down in puerto rico suspected to be professional hit*
video: chris hedges says 'global revolution must begin in america'*
Monday, May 16, 2011
markets go wild after imf head kahn arrested for sexual assault
from washington post: A New York criminal court judge denied bail to Dominique Strauss-Kahn, head of the International Monetary Fund, after he was charged with attempting to rape a housekeeper at a hotel in Midtown Manhattan. Strauss-Kahn, also charged with a criminal sex act and unlawful imprisonment, made his first courtroom appearance after being pulled off a Paris-bound plane minutes before takeoff Saturday afternoon. Prosecutors had planned to bring him before a judge Sunday before deciding to delay a day so they could search him for physical evidence. Authorities allege that Strauss-Kahn, 62, attempted to rape a housekeeper at the Sofitel in Midtown Manhattan, where he was staying; police said she later picked him out of a lineup. He planned to plead not guilty, according to his attorney, Benjamin Brafman, who has defended a number of high-profile clients...Tuesday, May 03, 2011
even good economic news can't help the greenback now
from wsj: Summer may be on its way and Osama bin Laden may be dead, but that doesn’t mean the sun is going to shine on the dollar. Ben Bernanke made sure of that. The Fed Chairman’s insistence last week that U.S. ultra-loose monetary policy is here to stay not only indicated his lack of confidence in the recovery but confirmed fears the U.S. Federal Reserve is falling behind the curve. As a result, not even good news will help the U.S. currency now... All this means that even good economic news will not save the dollar now. The true test could well come on Friday with the latest unemployment numbers, data that traditionally should give the dollar direction. But, if the Fed is saying no change is in sight, even strong non-farm payrolls won’t stop the dollar from floundering. This whole “good news is bad news” theme was apparent as Osama bin Laden’s assassination by U.S. forces in Pakistan broke.
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