Free Republic

In February, 2009, I wrote for the Wall Street Journal an article entitled Reaganomics versus Obamanomics. The article explained that the emerging Obamanomics was pursuing exactly the opposite of every policy of the enormously successful Reaganomics, and predicted that it would produce exactly the opposite results. Well, the results are in, and under President Obama the American people have now suffered the worst 5 years since the Great Depression, as first explained by Steve McCann of the American Thinker on January 25. McCann writes, “From 2009 through 2012, the Obama cabal, and their allegiance to statist policies, has been in...

Since January 2009, when Barack Obama was inaugurated as president, the United States has seen 54 straight months with the unemployment rate at 7.5 percent or higher, which is the longest stretch of unemployment at or above that rate since 1948, when the Bureau of Labor Statistics started calculating the national unemployment rate. Today, BLS reported that the seasonally adjusted national unemployment rate for June was 7.6 percent, the same it was in May. In December 2008, the month after Obama was first elected and the month before he was inaugurated, unemployment was 7.3 percent. In January 2009, it climbed...

Look around and you can’t miss it. The world is on the brink… politically, economically, financially, monetarily, and militarily. Events are accelerating. Over the last decade trend forecaster Gerald Celente has been blaring the alarms. If you’ve been paying attention, then you’ve heard them. You know we’re going under. And this time they’re not going to be able to stop it.

Economic growth goes sharply down, while stocks go sharply up. Welcome to Obamanomics. On Wednesday the Commerce Department released a gloomy revised report on the first quarter of 2013. Gross domestic product (GDP) growth was revised down to 1.8% from the original 2.4%. Consumer spending, estimated at 3.4%, turned out to be 2.6% Every category sank with the exception of home construction and government spending, the latter of which was mostly pre-sequestration. Bad news, right? Not to the stock market. Broad markets closed up almost 1% Wednesday after suffering a slump late last week. You would think that a weaker-than-believed...

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.

Hi Freepers, I have a question for you. It is late, so if anyone answers me, I’ll probably have to answer most posts tomorrow. I have this weird dichotomy going on. I go to church and pray a lot—but there is a part of me that just wants to die, although I don’t really want to. I was just listening to the Stone Temple Pilots—“I Got You”—about heroin. For a few moments I thought about how I might procure some, because tomorrow I have to go to the American Embassy in Ottawa to fix my papers so I can go...

6 Reasons Bernanke Is Wrong, And The Future Is Going To Be Bleak Rob Wile May 20, 2013, 10:10 AM Saturday morning, Federal Reserve Chairman Ben Bernanke told graduating Bard College students why he believes the future will be better. In theory, this is a pretty banal argument, especially in a graduation speech. But it looks a little different coming from an conscientious academic. Halfway through the speech, Bernanke presents the evidence of those who argue against this view — that actually, our best, most innovative days are way behind us. In a footnote, Bernanke discusses the folks he's really...

The Battle of Athens (sometimes called the McMinn County War) was a rebellion led by citizens in Athens and Etowah, Tennessee, United States, against the local government in August 1946. The citizens, including some World War II veterans, accused the local officials of political corruption and voter intimidation. Here is what happened: Following World War II in 1946, violence erupted when returning American soldiers discovered their Tennessee county had been taken over by political corruption. Their plan to take it back involved bullets—lots of bullets—and dynamite. Why Athens in McMinn County, Tennessee became a battleground was due to Paul Cantrell,...

According to Diane Abbott, Britain is facing a crisis of masculinity. In a speech made on Thursday under the auspices of the thinktank Demos, the shadow health minister warned of a generation of angry, inarticulate young men who had no idea of their role in society. Raised on a diet of pornography and consumerism, they were "caught between the stiff-upper-lip approach of previous generations" and the "pornified ideals" of a youth culture that featured Viagra as a party drug and promoted sexism and homophobia.More prone to depression and less well educated than young women, and perhaps jobless despite a degree,...

Certain types of antidepressants may put people at an increased risk for developing a deadly superbug infection, a new study suggested. Researchers from the University of Michigan revealed that individuals who suffer from depression and those taking antidepressants such as mirtazapine and fluoxetine had a much higher chance of contracting Clostridium difficile infection (CDI) – a life threatening infection that can cause severe diarrhea and inflammation of the colon. One of the most common infections acquired by patients at hospitals, C. difficile has been occurring with more and more frequency, resulting in the deaths of 14,000 individuals in the United...

The past 2 decades have witnessed an alarming increase in the number of Americans diagnosed with mental illness. Is modern psychiatry reaping an immense profit by impulsively—perhaps even deliberately–conflating mental illness with a growing, public aversion to the demands of personal responsibility? In the summer of 2011, The New York Review of Books published two lengthy articles by Marcia Angell, MD—Senior Lecturer in Social Medicine at Harvard Medical School and former Editor in Chief of The New England Journal of Medicine. In these articles, Angell reviewed three books which take a critical look at psychiatry and its relationship with the...

Abstract: Glyphosate, the active ingredient in Roundup®, is the most popular herbicide used worldwide. The industry asserts it is minimally toxic to humans, but here we argue otherwise. Residues are found in the main foods of the Western diet, comprised primarily of sugar, corn, soy and wheat. Glyphosate's inhibition of cytochrome P450 (CYP) enzymes is an overlooked component of its toxicity to mammals. CYP enzymes play crucial roles in biology, one of which is to detoxify xenobiotics. Thus, glyphosate enhances the damaging effects of other food borne chemical residues and environmental toxins. Negative impact on the body is insidious and...

One of the darkest risks facing America is that so few of us are prepared for retirement.It's shocking, really. According to ConvergEx Group, "Only 58% of us are even saving for retirement in the first place. Of that group, 60% have less than $25,000 put away ... a full 30% have less than $1,000." According to Nielsen Claritas, Americans age 55 to 64 have a median net worth of $180,000 -- less than they'll likely need for health care spending alone during retirement.I recently asked Joseph Dear, chief investment officer of CalPERS, one of the world's largest pension funds, whether...

Nigel Farage, well known for his anti-centralized government diatribes in which he has repeatedly targeted European leadership and finance ministers for the destruction of the Eurozone economy, warns yet again that the consequences for the actions of elite politicians and bankers will soon pour into the streets. You won’t see straight forward candidness like this from mainstream politicians, because most are terrified of speaking the truth and accepting blame. They know it’s coming and the fallout won’t be limited to just Europe. My fear is that, in the end, what will break up the Euro isn’t the economics of it....

The next Great Depression is already happening - it just hasn't reached the United States yet. Things in Europe just continue to get worse and worse, and yet most people in the United States still don't get it. All the time I have people ask me when the "economic collapse" is going to happen. Well, for ages I have been warning that the next major wave of the ongoing economic collapse would begin in Europe, and that is exactly what is happening. In fact, both Greece and Spain already have levels of unemployment that are greater than anything the U.S....

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...

The Economic Depression Is Deepening Economics / Great Depression IIApril 23, 2013 - 05:47 PM GMT By: Bill Bonner Gold seemed to be stabilizing at the end of last week. Commodities remained weak. Steel has fallen 31% this year. Brent crude is off 17% since early February. And copper is down 15%. Copper is the metal you need to make almost anything – houses, cars, electronics. When it goes down, it generally means the world economy is getting soft.At the start of last week, the conventional analysis of the gold sell-off was that the central banks' efforts to revive global...

Gold seemed to be stabilizing at the end of last week. Commodities remained weak. Steel has fallen 31% this year. Brent crude is off 17% since early February. And copper is down 15%. Copper is the metal you need to make almost anything - houses, cars, electronics. When it goes down, it generally means the world economy is getting soft. At the start of last week, the conventional analysis of the gold sell-off was that the central banks' efforts to revive global growth were working. The feds had the situation under control. So who needed gold? By the end of...

Terrorism. Chaos. Fear of the future. In the age of Obama, America is undergoing a “fundamental transformation” – that much everyone knows. But what few seem to realize about this transformation is that the sheer stress of living in today’s America is driving tens of millions to the point of illness, depression and self-destruction. Consider the following trends: Suicide has surpassed car crashes as the leading cause of injury death for Americans. Even more disturbing, in the world’s greatest military, more U.S. soldiers died last year by suicide than in combat; Fully one-third of the nation’s employees suffer chronic debilitating...