Free Republic

Though most Americans go through their day thinking everything is now returning to normal, the fact of the matter is the situation is anything but stable. With crime rates skyrocketing, home prices dropping to under $500 for a house, and the local government out of solutions, the city of Detroit is the latest to join the likes of Stockton, California, having just defaulted on its loans from creditors. Despite promises to the contrary, it should come as no surprise that the city is unable to meet its obligations. And it won’t be the last. City and state governments all over...

Yes, At Some Point China Will Implode Henry BlodgetJune 17,2013 If there has been one prediction made more than any other over the past couple of decades, it's that China's miraculous economy is headed for a fall. China bears have pointed to a long list of disasters-in-the-making, from questionable economic statistics to skyrocketing real-estate prices to ghost cities to centrally planned growth to corruption to pollution to civil unrest to debt. And yet, despite all of these concerns, China's economic machine has just kept chugging along. But this time it's going to be different!, says an analyst from Fitch. This...

The Fed over here has ordered – and I want everybody to listen because this is insider information – the Fed has ordered the U.S. pension funds to begin to acquire U.S. debt. That is coming down the pike, it’s going to start happening, the states are going to start carrying it in order to fatten up their books… So, we are moving into the last stages before an all out collapse. That’s exactly where we’re headed. Now the Rubicon has been crossed… the armies are surrounding the Capital itself.

PHILADELPHIA (CBS) — Sources tell CBS 3 that blood tests on the crane operator involved with Wednesday’s deadly building collapse in Center City detected the presence of a prescription painkiller and marijuana. The blood, along with urine, was taken from 42-year-old Sean Benschop at the hospital approximately two hours after the collapse at 22nd and Market Streets, which killed six people and injured 13. (See Related Story) Sources say investigators also noticed that Benschop, who has a history of 11 prior arrests, including a conviction for possession and dealing drugs, was speaking in what police considered an unusually slow, quiet...

Everyone’s favorite billionaire investor is back in the spotlight, and this time he has a few people wondering what he’s up to. George Soros has dumped his position with several major banks including JPMorgan Chase, Capitol One, SunTrust, and Morgan Stanley. He has reduced his exposure to Citigroup and decreased his stake in AIG by two-thirds. In fact, Soros’ financial stock holdings are down by roughly 80 percent, a massive drop from his position just three months ago, according to SNL Financial. So what’s the deal? What does he know that we don’t? There could be a simple and non-nefarious...

Will It Be Inflation Or Deflation? The Answer May Surprise You By Michael Snyder May 22nd, 2013 Inflation Or DeflationIs the coming financial collapse going to be inflationary or deflationary? Are we headed for rampant inflation or crippling deflation? This is a subject that is hotly debated by economists all over the country. Some insist that the wild money printing that the Federal Reserve is doing combined with out of control government spending will eventually result in hyperinflation. Others point to all of the deflationary factors in our economy and argue that we will experience tremendous deflation when the bubble...

#1 27 Percent Unemployment/60 Percent Youth Unemployment In Greece #2 Detroit, Michigan Is Insolvent And Is Rapidly Running Out Of Cash #3 Economic Despair In France #4 7,000 Abandoned Buildings In Dayton, Ohio #5 Overwhelmed By Squatters In Spain #6 The Collapse Of Chinese Power Consumption #7 Horrible Economic Data Coming Out Of The Second Largest Economy On The Planet #8 One Out Of Every Five U.S. Households On Food Stamps #9 Child Hunger In America #10 The Tremendous Suffering Of Hundreds Of Millions Of Desperately Poor People That We Never Hear About

Obama has done it. He has brought America down. It only took him just over four years. The Republicans could have stopped him. They didn’t. How did the nihilistic left succeed in destroying America? Simple. They learned just a little of the capitalism they hate, and they drove your nation into outright bankruptcy. And here is what the GOP has to say about it: just about nothing. The once-mighty United States is now the most indebted nation on Earth. In round numbers, here are just some of the vital statistics as the patient dies: National debt: $17 trillion, or $50,000...

ROSENBERG: The Fed Is Trying Like Crazy, But Nothing It's Doing Can Save The Economy Sam RoMay 5, 2013, 9:28 AMDavid Rosenberg, the veteran Wall Street economist and and bearish strategist at Gluskin Sheff, gave an intense presentation on Friday at John Mauldin's Strategic Investment Conference. Titled "Bernanke: The Wizard Of Potemkin," this presentation offers a sobering look at the anemic U.S. economy, the labor market mess, and the Federal Reserve's controversial efforts to get everything back on track. Before you can even think about getting bullish, you must consider the eye-opening charts from Rosenberg's presentation. Thanks to Gluskin Sheff...

Some philosophers have promoted the idea that it is impossible for human beings to invent new sins. Any "new" sin that may seem shocking to you, is a sin that was practiced in ancient civilizations that have gone before us. In order for a nation or civilization to be strong, families must be strong. When families die, civilizations die along with them. I refer you to this quote from this website http://constitutionschool.com/2012/09/27/first-time-ever-majority-of-american-households-unmarried/ "For the first time, households made up of married couples with and without children dropped below 50 percent of all households, Jacobsen noted. At the peak in 1960,...

1) Because Obama Is Half Black? 2) Because We Are Afraid Of An Economic Collapse That Will Never Come? 3) Because We Are Paranoid Over Unfounded Threats Of Martial Law? 4) Because We Refuse To Accept That The World Is Changing Without Us?

ALBERT EDWARDS: The Party Is Over, The US Is Just One Recession Away From Japan-Style Doom Joe WeisenthalMay 2, 2013 Here's your happy thought of the day from SocGen strategist Albert Edwards: Over the last 15 years most investors have refused to contemplate that events in the West are playing out in a similar fashion to Japan in the 1990s. But the latest inflation data out of both the US and eurozone should ram home the fact that we are now only one short recession away from Japanese-style outright deflation. Similarly, investors refuse to believe that equities can fall in...

Financial Collapse - Is Bernanke Preparing To Jump Ship? Interest-Rates / US Interest RatesMay 01, 2013 - 06:30 PM GMT By: Graham Summers The Fed meets today and tomorrow. The ECB meets on Thursday. Those will be the defining market forces for the next three trading sessions. There is little if any point in trying to trade this week (at least until Thursday). The Fed is notorious for leaking info to the well-connected. The most recent “accidental” sending of a report a day early is just the latest example. In simple terms, the market will be even more of an...

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship… I see a real financial crisis coming for the United States.” Peter Schiff August 2006 In 2006, when he faced off with many well known Titans of investing and warned of an impending financial disaster and economic collapse, Peter Schiff was laughed at by his colleagues. He urged Americans to exit financial markets and take steps to protect themselves before the wealth...

Yesterday, my colleague, Marty Biancuzzo, explained why America is on a path to inevitable economic and government collapse. After reading Marty’s piece, another colleague asked me: What will America look like after a government collapse? It’s an important question, and I want to give a satisfactory answer. But I can’t do that in one short column, so I plan to return to this topic several times over the next few weeks. I hope that when I’m done, you will have a better understanding of where the country is headed. Now, consider our current situation… It’s clear that Barack Obama and...

look at this country's debt situation, especially relative to the United States, is truly amazing. This country is paying 21% of government revenue on interest payments to support a 236% debt-to-GDP ratio. With annual spending twice as high as its revenue, the government is running a deficit of $455 billion a year and adding to its $11.2 trillion debt. This is all before the monetary stimulus programs announced recently by its central bank. If you thought the United States government was a financial basket case, Japan is exponentially worse. A collapse in the yen and the stock market is all...

ALBERT EDWARDS: Stocks Will Crash, Hyperinflation Will Come, And Gold Will Go Above $10,000 Joe WeisenthalApril 25, 2013 This is always reassuring. SocGen strategist Albert Edwards remains an ultra-bear, and predicts everything will go to hell. In his new note he writes: We still forecast 450 S&P, sub-1% US 10y yields, and gold above $10,000 My working experience of the last 30 years has convinced me that policymakers’ efforts to manage the economic cycle have actually made things far more volatile. Their repeated interventions have, much to their surprise, blown up in their faces a few years later. The current...

SocGen: Everyone's Worried About The Economy Slowing Down Again — But This Time Will Be Differen Joe WeisenthalApril 21, 2013The weekend is over, and so analysts are coming out with their notes on what people will be talking about for the week ahead. In the US, the big question is whether the economy is flagging again (whether there's a 'spring swoon' to use the popular parlance). If the economy were to fade again, it would mean that this was just the latest in a series of false-dawns since the crisis, where we thought that we'd finally broken out of the...

Every discussion of gay marriage should begin with a recognition of its historical radicalness, its exceptionality. Heterosexual marriage has been the fundamental unit of human sociability for thousands of years, a common thread running through otherwise disjunctive cultures and wide-ranging ethnic diversity. Wherever one lands on the issue of same-sex marriage, there can be no gainsaying its extraordinariness. It’s also clear that same-sex marriage is a culmination of a long-brewing development, an unspooling of essential modern premises. The relentless logic of modernity is unrestrained individuality, the lonesome sovereignty of the singular person. The pith of matrimony is natural gregariousness, our...

“Watch The Metals, When They Dip. It Will Be A Good Indication That Things Are About To Happen.” Mac Slavo April 15th, 2013 As of this print the price of gold is reaching fresh two year lows, down nearly 25% from its all time high just six months ago. Though uninformed onlookers and financial pundits may see this as the popping of the proverbial gold bubble, the velocity and scale of the take-down in precious metals suggests that there is a massive assault in the works. According to former Assistant Treasury Secretary Paul Craig Roberts, last Friday’s price drop was...