I see nothing on God’s green earth that might turn most economic charts around and dozens of serious reasons to believe they will all get much worse this year. America is just on another road to Greece (hyper-inflation instead of bankruptcy). Voters gave the Republicans in Congress the power to change things but they made some noise and kicked the Conservatives in the nuts. In six years, Obama has been able to perform a quantum leap greasing the skids into Communism, Financial Collapse, and Islam. The Leftist are organized and dedicated to a total victory that eliminates all opposition. Most welfare and jobs (esp finance, education, government, media, businesses, and the military) are now based on Politically Correct Ideology, not ability. Conservatives are losing every battle and unless we change what we are doing (virtually nothing) and rock the streets for conservative values, we will totally lose everything to the Communist. Thank you Commie Liberals: ‘For all tables are full of vomit and filthiness, so that there is no place clean.” Is 28:8
By: Juan Reynoso, WTP Activist - email@example.com
Americas must realize that self-scrutiny is not treason. Self-examination is not disloyalty.
We seek the truth and let the people know. An informed citizenry is vital for the preservation of our democracy. Truth and knowledge diffused among the people are necessary for the preservation of our Democracy, rights, freedom and liberties.
Free Trade the killer of American’s jobs and disposable income no jobs and lower wages is killing the US economic. https://www.youtube.com/watch?v=DVHgZsyK34g
In November 18th, 1993, the greed of the NEOCON colonizers blinds them from the socio economic impact of NAFTA. The House Passes NAFTA, 234-200. Bill Clinton promoted the legislation and Vote as a Decision to create jobs for Americans. The strongest support in the House came from Republicans, who cast 132 votes for the trade plan and 43 against it. Among Democrats, 102 voted for the agreement and 156 opposed it. The one independent in Congress voted against the plan. NAFTA has done way too much damage, and we need to repeal it. NAFTA and all of the free trade agreements has cost millions of Americans jobs, eroded our industrial base and decimated towns and communities.
Decades of failed “free trade” policies have failed our nation. 22 years of trade deficits and millions of jobs lost to foreign countries; since Bill Clinton all the presidents that followed Clinton push for free trade; President George W Bush defends his free-trade agenda in his May 7, 2001, speech. He declared that Free Trade creates jobs for the unemployed. Such claims are nothing but lies and deception and like Bush, Obama is making the same promise and continue pushing for more Free Trade. The TPP look like prior “free trade agreements” while negotiations are not yet complete, the publicly and available information is of great concern for the American workers; it looks like once again, predator corporatism are having too much influence in the process for their benefit and the continue erosion of our socio economic of our country.
We must focus on the voting by congress and the senate on this issue of Free Trade and get them out of the government and ban them from the political arena. Free Trade will destroy our country and our future socio and economic welfare, we must demand, a withdraw of all free trade and re-store a tariff system in international trade.
NAFTA has done way too much damage, and we need to repeal it. Enough is enough – we need to focus on creating jobs right here in the United States, not in foreign countries.
This is the truth about our Trade deficits
US propaganda use to promote the killer of American jobs.
The TPP is a free trade Agreement that deceive the people.
The U.S Balance of Trade is the worst in the World. -360.7 Billions
The facts about economic inequality.
Free Trade the agenda for globalization.
U.S. Free Trade Agreements
The Trans Pacific Partnership Free Trade.
Trade Deficit with China.
By: Juan Reynoso, activist - firstname.lastname@example.org
"Americas must realize that self-scrutiny is not treason. Self-examination is not disloyalty."
2015 global economic crisis.
Fellow Americans, the World Economic Forum's Global Risks 2014 report, finds that income disparity is most likely to cause serious global economic damage in the coming decade. The world moves to a multipolar distribution of power and influence. The neocon globalist elite, the world’s predators are in control of the world’s economic. As a result of the 8 years of free money to fix the financial crisis and globalization, the 24 trillion Dollars use to fix the global economic crisis; made the richer the ones that benefit the most and fail to create the jobs need it to fix the crisis, while the middleclass and the poor paid for this ill policy. Today the American youth is the most affected by this economic crisis, they are the ones that are paying for the ill financial policies and the Wall Street and the neocon globalist greed. This huge concentration of wealth has cut the purchasing power of over 289 millions of Americans, the result was the decrease of retail business in our country and the closing of thousands of retail stores; we use to manufacture 85% of what we consume today we manufacture less than 60%. And most Americans depend on service jobs that pay less money than manufacturing jobs, most Americans have lost more than 40% of their income due to globalization. In 2015 is going to be another financial crisis, this will impact the whole world, but neither the news media nor the US government is telling the people the truth. The people needs to know the truth but the US media have become the propaganda machinery of the elite that control this system of government; today the only sources of the truth are the independent alternative news media found only in the internet and the whistleblowers the heroes of the world that expose corruption and government crimes against humanity. Please support these organizations they need our support to enable them to continue reporting the truth.
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24 trillion expended and the economic crisis is not fixed.
Hundreds of US retail stores will close in 2015.
180 Solar panel manufactures will close in 2015.
New 2015 global financial crisis
I have spent the past week or so doing research to write a blog on the dangers involved in the current government's spending policies and the effect they will have on each of us. Then I received this email from The Sovereign Man, aka Simon Black. I will still write that blog at a later date but Mr. Black has stated it so well and with a different approach than I am planning that I wanted to share his comments with you. The following is the Email I received in toto:
By 1789, a lot of French people were starving. Their economy had long since deteriorated into a weak, pitiful shell. Decades of unsustainable spending had left the French treasury depleted. The currency was being rapidly debased. Food was scarce, and expensive.
Perhaps most famously, though, the French monarchy was dangerously out of touch with reality, historically enshrined with the quip, "Let them eat cake."
The Bourbon monarchy paid the price for it, eventually losing their heads in a 1793 execution. But it took the French economy decades to finally recover.
Along the way, the government tried an experiment: issuing a form of paper money. It didn't matter to the French politicians that every previous experiment with paper money in history had been an absolute disaster.
As French Assemblyman M. Matrineau put it in 1790, "Paper money under a despotism is dangerous. It favors corruption. But in a nation constitutionally governed, which itself takes care in the emission of its notes [and] determines their number and use, that danger no longer exists."
Translation: This time is different. We're different. We're smarter. We won't suffer the same fate. TRUST US.
Within a few years, hyperinflation had taken hold in France. A measure of flour that sold for two francs in 1790 was selling for 225 francs by 1795. Everything soared. Carriage hires. Butter. Sugar. Everything.
Naturally, the French government decided to fix this problem by printing even more money, doubling the money supply from 7 to 14 billion units in a six-month period.
When these measures also failed, the French government imposed every control in the book-- price controls, capital controls, information controls, people controls. They confiscated lands, they filled the prisons, they waged genocide against their own people.
History shows there are always consequences to entrusting a paper money supply to a tiny handful of men. The French experiment is but one example. Our modern fiat experiment will be another.
Like the French, our politicians think this time is different. Our central bankers think they're smarter. And they want us to trust them. After all, what could go wrong?
Ben Bernanke, a man who has expanded the Federal Reserve balance sheet by nearly 300% during his tenure as central banker, just wrapped up Congressional testimony downplaying the risks of his own money printing:
"We do not see the potential costs of the increased risk-taking in some financial markets as outweighing the benefits of promoting a stronger economic recovery..."
It's also quite interesting that the Federal Reserve Chairman is discussing the 'stronger' economy, especially when by the government's own numbers, US GDP contracted in the 4th quarter of 2012. Meanwhile the price of everything from food to fuel keeps getting higher.
Simultaneously, politicians in the US are racing to avoid imminent 'sequestration' budget cuts. They've created a problem caused by excess spending, and their solution is to ensure they can keep spending.
The French were in the same boat in the 18th century. During the time of Louis XV, no one could imagine how French society could possibly function if they cut the welfare system or defense budget. So they kept spending... kept going into debt... and kept debasing the currency.
We know what happened next.
The US already must borrow money just to pay interest on the money they've already borrowed. The political elite is dangerously out of touch. This time is not different. Assuming otherwise is really dangerous.
Senior Editor, SovereignMan.com
By Gregg Houlden
Every Investment Banking professional including myself look upon Lew's nomination with little less than despair. Not really for our personal wealth, as we can as easily operate from London and Singapore as NY or LA, but for the average working American. Already the effects of Obama's amateur and ideology led economic management is beginning to bite. (4th Quarter GDP Estimate Reduced to .8% from 1.5%).
What does the Lew appointment mean to the average American? In my professional opinion, two major problems. An almost certain further downgrade by S&P and Moody's probably in Q1 13 will deliver higher interest rates. That means every Credit Card, Mortgage or Loan will become more expensive. The second point is more direct and will hit the middle class with a double whammy, the long term effects on manufacturing and large scale employers of Obama Care and increased payroll tax will be felt. I expect certain initial indicators to flag deeper problems. Already, Amex has decided to shed 5,500 jobs. I expect other Finance Houses to follow suit as they outsource to London or other destinations with more corporate friendly administrations. Manufacturing already burdened by the Unions and Obama's leftist led FMCS will once again to look to globalization to reduce costs. Don't blame the company as will the Democrats and Obama, blame academic theory meeting objective reality.
Basic concept; If company A with US Costs can make and sell a widget for $3.30 and company B (in India or China) without Obamacare and unionized costs makes and sells the same widget for $0.50 even the most patriotic organization will go with B.
In November, Obama lied, cheated and enabled by a barely competent MSM deceived the electorate. I will only make the 2% pay more. Well we had already globalized our portfolios Mr President. Now we see the first hike on the middle class, a payroll tax increase of around $100-200 per pay check. As Obama ramps up his spending as he only sees ideological value rather than fiscal. Basic economics say, the revenue to fulfil his grand schemes cannot come from the 2% even at 100% tax. It has to come from the 47% of working Americans. Now with a sycophant like Lew as Treasury Secretary, Obama's stupidity, lack of empathy and downright narcissism will have no voice of reason. Spend, Spend, Spend will lead to a tank in the dollar. S&P analysts will have conniption fits over the worsening debt ratio and economic indicators. I project by Q1 2014, if Obama is not stopped by the GOP House, our S&P rating will be A+. (Good is AAA BTW, as we used to be) Our bonds and debt (TBonds) will have to yield anything up to the Spain and Portugalesque 6% which will knock on to a 6 -11% jump in your personal interest payments.
What really becomes a problem at that point is what economists call “Confidence”. When confidence fails in an economy buying ceases, investment halts and people don't trust anything. Banks fail, corporations saddled with debt and increasing labor costs close or relocate and USA Inc goes bankrupt.
Obama is a rank amateur that's too stupid and too arrogant to know his own limitations and seek competent help to mitigate the deficiency. We need our GOP leadership to change and replace Speaker Boehner with a competent and strong leader who will resist and slow the Obama disaster. In effect save America from Obama and his foolish and childlike policies.
One person was killed and dozens more were injured when protesters attempted to storm a U.S. outpost in Pakistan. More flag covered coffins will arrive in the U.S. after four American soldiers died over the weekend as a result of 'insider' attacks in Afghanistan. There are claims a video shows U.S. Libyan Ambassador Chris Stevens being dragged through the streets to the delight of a jeering crowd. Sudan rejected an American request to send Marines in to guard the U.S embassy. Hardline Islamist television is openly inciting anti-American violence in Egypt and elsewhere. Reports are that many of those participating in the “spontaneous” demonstrations are getting paid to protest. While acknowledging it has elite troops stationed in Syria, Iran is calling for oil prices to reach $150 a barrel. Libyan officials maintain they warned the U.S. three days before the attack on America’s Benghazi consulate.
There are people who hate America. The Obama administration is now making excuses for them. They have apologized to them. Obama has bowed before their kings. In the form of foreign aid, they are still trying to bribe them with money borrowed from China. Despite Obama’s claims that his election would change Islamist attitudes towards the U.S., the people who have hated America for many long decades still hate America.
Still, U N Ambassador Susan Rice and the entire Obama administration continues to insist that it was all due to an almost entirely unknown video: "In Cairo, as you know, a few hours earlier, there was a violent protest that was undertaken in reaction to this very offensive video that was disseminated. We believe that folks in Benghazi, a small number of people came to the embassy to - or to the consulate, rather, to replicate the sort of challenge that was posed in Cairo."
The Obama foreign policy of appeasement towards those who openly desire to destroy America has failed. In typical Obama fashion, they have chosen a scapegoat and, along with the obedient lapdogs in the “progressive” Party Pravda, carefully orchestrated a full bore propaganda campaign designed to brainwash Americans into believing their lie.
If the White House insisted that the earth is flat would Americans be expected to blindly accept that too? Just because Obama said so? Just because Chris Matthews, Brian Williams, George Stephanopoulos et al dutifully repeated that lie?
Is this who America wants to oversee foreign policy and initialize economic recovery?
In the past month the producer price index jumped 1.7 percent, the biggest gain in three years. Gasoline and food prices continue to soar. Gasoline alone rose by 13.6 percent. The median income of American households has continued to decline, dropping to its lowest level since 1995. 2011 median income fell to $50,054, which is 4.1 per cent below the median income level when Obama took office.
Despite economists’ predictions that initial unemployment benefit claims would rise to 370,000, they rose to a seasonally adjusted 382,000, the highest in two months. Consistent with a clear and consistent pattern of deception shown since the current administration began, figures from the prior week were once again revised upwards, showing there were 2,000 more applications than what had been originally reported. This subsequent upwards revision of unemployment claims has taken place with every report since Obama took office.
The jobless rate staying over 8 percent for more than three years is the longest since the Great Depression. Hiring in America is not even increasing fast enough to keep up with population growth, much less change the outlook for tens of millions of Americans. “Official” unemployment dropped from 8.3 percent to 8.1 percent only because so many Americans have dropped entirely out of the labor force. They have given up on the idea of finding work in an economy stifled and smothered by failed “progressive” economic policies.
America is not better off than it was four years ago. In fact, at home and abroad, America is far worse off. On all fronts, Obama’s policies have been met with abject failure.
With fifty days remaining before the November 6th election, Americans must make a choice.
The choice is between retaining the failure of an utterly disingenuous, irresponsible, ineffective, excuse making Obama administration, and supporting the promise of a new American revival in choosing strong, honest, reliable, responsible leadership by electing Mitt Romney.
Barrack Obama and members of the institutionalized “progressive” left smear machine, otherwise known as the mainstream media, launched a series of seemingly coordinated attacks on GOP presidential candidate Mitt Romney. The White House and the press uncannily echoed each other while criticizing Romney for speaking in opposition to the Cairo Embassy’s apology to Islamists for “efforts by misguided individuals to hurt the religious feelings of Muslims” on the eleventh anniversary of the 9/11 terrorist attacks on the United States.
Obama attacked Romney for having "a tendency to shoot first and aim later". After firing that salvo, Obama was off to yet another fund raising event in Las Vegas, where he furthered the assault by saying "It appears that Gov. Romney didn't have his facts right". Meanwhile, Obama’s campaign assailed Romney for using the “tragic death of one of our diplomatic officers in Libya” to “launch a political attack”.
It seems that for mysterious, unexplained reasons it has somehow slipped the minds of Obama and the Obama campaign that he politicized foreign policy back in 2008 by attacking George W. Bush and then GOP presidential candidate John McCain for troop deaths in Iraq and their support of the Iraq War.
Not only have the media and the White House been singing from the same sheet music, a discussion caught on an open microphone and recorded immediately before Romney’s Wednesday morning press conference clearly revealed the press corps coordinating hostile questioning aimed at discrediting Romney and knocking him off stride.
While the White House and the “progressive” Party Pravda were busy diverting the public’s attention towards Mitt Romney and away from the sagging economy, new claims for jobless benefits rose again, while a spike in wholesale gasoline costs drove consumer prices higher.
Economists had predicted claims for unemployment benefits would rise to 370,000. However according to the Labor Department, initial claims rose to a seasonally adjusted 382,000. That is the highest in two months. Consistent with a pattern seen since Obama took office, figures from the prior week were again revised upwards, showing 2,000 more applications than originally reported.
The producer price index, as measured by the Labor Department, jumped 1.7 percent in August. That increase was the biggest gain in three years. Gas prices soared by 13.6 percent. Steep increases in eggs and dairy costs drove food prices up 0.9 percent.
The median income of American households continues to decline on Barack Obama’s watch, dropping to its lowest level since 1995. According to Census Bureau data, 2011 median income fell to $50,054. That is 1.5 per cent below the 2010 level and 4.1 per cent below what the median income level was when Obama took office.
This highlights the extent of the damage inflicted upon America’s middle class by Obama’s failed economic policies.
This is from Personal Liberty;
Moe, Larry And Curly Bernanke
June 20, 2011 by Bob Livingston
In the 1940 short film “A Plumbing We Will Go,” The Three Stooges pose as plumbers trying to stop a leaky pipe in a large home while a party is going on.
Since they know nothing about plumbing, it isn’t long before the boys have connected the water pipes to a conduit and water is pouring out everywhere. Of course, the party is ruined and the house is wrecked.
Federal Reserve Chairman Ben Bernanke is Moe, Larry and Curly all rolled into one, and his efforts to stop the leaky economy have been as successful as the boys’ efforts were in fixing the dripping pipe. Bernanke’s latest effort of quantitative easing — known as QE2 — is running out, and the bubble he created is deflating faster than one of the Stooges’ helium-filled cakes.
Last week, a Chinese ratings house accused the United States of defaulting on its massive debt by allowing the dollar to weaken against other currencies — eroding the wealth of its creditors, the biggest of which is China.
China holds $1.145 trillion of U.S. Treasury securities. That is down from its peak of $1.175 trillion in October, according to a story by the AFP news service.
China, the No. 1 holder of U.S. debt, is now a seller of U.S. Treasuries. Japan, the second largest holder of U.S. Treasuries, may soon be a seller as well. It needs money to repair infrastructure following this year’s earthquake and tsunami.
The stock market was down six weeks in a row before last week, when it finally finished a week on an up note. According to The Economic Collapse blog, that hasn’t happened since the dotcom bubble burst in May 2001.
The false euphoria created by QE2, which propped up Bernanke’s Wall Street buddies by driving money into the market, has worn off. Investors realize this, and they are looking for new places to put their money.
Meanwhile, once again, John and Jane American are watching their meager retirement funds dry up. Unemployment is up (the true unemployment rate, which includes discouraged workers, is 22.3 percent, according to the National Inflation Association), manufacturing and consumer confidence are down and one in seven Americans is on food stamps. Millions of Americans receive some sort of government assistance.
The price of everything is increasing. According to NIA: “90% of sporting goods manufacturers have seen their input costs rise substantially this year and 41% of them have already announced major price increases for athletic apparel, footwear, and sports equipment. As the 8,000 toy manufacturers in China are forced to raise the wages they pay their employees, Toys R’ Us is now beginning to see major wholesale price increases for their products, which they will have to pass on to U.S. consumers. Hasbro recently raised prices on all of their products by 6% to 7%. Mattel recently imposed an across the board high single digit price increase after reporting a 33% decline in quarterly profits (despite sales surging by 8%) due to skyrocketing raw material costs.”
May sales reflected what consumers thought of the rising prices. Retail sales fell for the first time in 11 months. The drop in sales hit autos, electronics, appliances, furniture, groceries, sports retailers and department stores.
Bernanke said he wanted inflation. He got his wish. Now the question is: Is it getting out of hand?
Go here to read the rest of the article;
Mighty Dollar Madison NC Franchise closes due to continuing economic failure throughout America
Author: Brian D. Hill
Source: USWGO Alternative News
Note: This is a exclusive special report by USWGO
Many that thought dollar stores will actually do well in a depression style economic collapse is sadly mistaken. According to Brian D. Hillthat is not just a founder of USWGO but also a skilled photographer,and a reporter, he found out after wanting to take a trip to MightyDollar that's located in 706 Rockingham Square in Madison, NC 27025,is unfortunately shut down due to the increasing economic failures.
After seeing that it was closed the USWGO Founder decided to take pictures of the closed down store to show the world how bad Americaseconomy is getting. The official website of Mighty Dollar is at www.mightydollar.org.
USWGO hasn't yet contacted Mighty Dollar company for comment regarding the Madison NC franchise shutdown or found a reason why theshut down has occured but further investigation finds that it is theeconomy that gut Mighty Dollar from Madison NC.
In the parking lot at the shopping center where Mighty Dollar is located the pavement in the one area is degrading while not receivingany repair.
So while President Barack Obama says that he will not rest until he brings more jobs, which would restore the economy, the economy isslowly sliding from a Recession, to a Depression, and maybe to the endof the United States of America.
Also before the store had went out they used to sell everything as a dollar including First Aid ointment which would be mainly $2 to $3 inmany other places, then merchandise was not being stocked as well, tosome merchandise not being stocked anymore, and then well you know theyclosed down.
So why would dollar stores go out of businesses since they would sell more due to the fact that prices are going up everywhere? Becausethe price of raw material is being inflated due to the economic failureplus the Federal Reserves excessive printing of money thus causing adevaluation of the dollar next to it's competitors the Yuan, Yen, andEuro.
If raw materials go up then either prices must rise, packaging must be reduced, quality of the product must go down, or quantity of theproduct has to go down.
Already gas stations are reducing their bottled drink sizes from 24 fl oz to 20 fl oz while keeping their prices the same or little bithigher.
Even at Walmart it is now a memory that you can buy a good priced drink that would be 24 fl oz.
If raw materials keep going up in prices then the people may start rioting in the United States over their standards of living and/orquality of life slowly faltering into the dirt.
If seeing a Mighty Dollar being closed down including a Martinsville VA Restaurant hardly getting any customers isn't a sign that theeconomy is falling and that we are in a Depression then we don't knowwhat is.
In the news other countries have either riots or massive revolts over the massive inflation of prices on everything. The same thing ishappening to America so dollar stores all over America may bethreatened by the fact that raw materials can go up in price.
Here is another picture showing even closer how the great Madison NC Mighty Dollar isn't Mighty anymore.
once another great mighty mega store along with many carts for shoppers to use is now another closed down economic tragedy not tomention more jobs lost.
Does it just look like the economy keeps getting worse? Please add your input to the comments below.
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