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Keyword: greatrecession

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  • Will Obamacare Cost You Your Job?

    07/26/2014 4:46:17 AM PDT · by Kaslin · 24 replies
    Townhall.com ^ | July 26, 2014 | John C. Goodman
    Why is our recovery from the Great Recession so sluggish and so slow? Economists are increasingly focusing on Barack Obama’s signature legislative accomplishment: the Affordable Care Act, popularly known as ObamaCare. Although generally thought of as a measure to insure the uninsured, health reform is affecting the entire labor market in negative ways. As I wrote previously, the employer mandate to provide health insurance will cost almost $6 an hour for family coverage. This health minimum wage (on top of the money minimum wage) raises the cost of labor and will almost certainly discourage hiring. There are two ways that...
  • Gas Price Record Worsens: 1,245 Days above $3 a Gallon

    05/22/2014 1:34:55 PM PDT · by Olog-hai · 41 replies
    Cybercast News Service ^ | Julia Seymour
    Memorial Day weekend drivers will continue to take a hit as gasoline prices remain high. May 20 marks the 1,245th straight day that the national average for a gallon of regular gasoline costs more than $3 a gallon, according to AAA data. That’s nearly three-and-a-half years above $3 a gallon.
  • Clinton Library's Doc Dump Reveals CRA Fueled Subprime Bubble

    04/26/2014 5:21:06 PM PDT · by neverdem · 55 replies
    Investor's Business Daily ^ | April 25, 2014 | Masthead Editorial
    Subprime Scandal: Newly released memos from the Clinton presidential library reveal evidence the government had a big hand in the housing crisis. The worst actors were in the White House, not on Wall Street. During the 1990s, former Clinton aides bragged that more aggressive enforcement of the Community Reinvestment Act pressured banks to issue riskier mortgages, lending more proof the anti-redlining law fueled the crisis. A 2012 National Bureau of Economic Research study found "that adherence to that act led to riskier lending by banks," with "a clear pattern of increased defaults for loans made by these banks in quarters...
  • Bill would give Calif. among highest minimum wages

    09/12/2013 9:29:03 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Sep 12, 2013 11:40 PM EDT | Don Thompson
    California’s minimum wage would rise to $10 an hour within three years under a bill passed Thursday by the state Legislature, making it one of the highest rates in the nation. Washington state currently has the top minimum wage at $9.19 an hour, an amount that is pegged to rise with inflation. Some cities, including San Francisco, have slightly higher minimum wages. The state Senate approved AB10 on a 26-11 vote and the Assembly followed hours later on a 51-25 vote, both largely along party lines. Gov. Jerry Brown indicated earlier this week that he would sign the bill, calling...
  • U.S. economy grew 0.1% in fourth quarter

    02/28/2013 8:22:32 AM PST · by Mad Dawgg · 55 replies
    WSJ/Market Watch ^ | Feb. 28, 2013, 8:31 a.m | Jeffry Bartash
    WASHINGTON (MarketWatch) - The U.S. economy grew in the fourth quarter - but just barely - instead of contracting for the first time in three and a half years, the Commerce Department said Thursday. The U.S. expanded at a 0.1% annual rate in the last three months of 2012, better than the initially reported 0.1% drop but well below the third quarter's 3.1% pace.
  • Iconic NY Steakhouse "Gallagher's", Which Survived The Great Depression, Is Closing

    10/26/2012 7:46:56 AM PDT · by Qbert · 8 replies
    Zero Hedge ^ | 10/25/2012 | Tyler Durden
    The Department of Labor's WARN (Worker Adjustment and Retraining Notification) website may have been exempt from layoff notices related to the fiscal cliff, but it still provides a sufficiently (bleak) complete picture about the real nature of layoffs and business cycle in general in America's busiest city. Which is why it was precisely using the WARN website that we learned that one of New York's most historic steakhouses, "NY's Prime Steakhouse since 1927" Gallagher's, located on 52nd street, and which survive the great depression, is shutting down on January 16. Surely neither the surging price of meat, nor the ability...
  • Back Ben Bernanke's QE3 with a clothes peg on your nose

    09/23/2012 9:39:16 PM PDT · by bruinbirdman · 6 replies
    The Telegraph ^ | 9/23/2012 | Ambrose Evans-Pritchard
    Monetarists from across the world can mostly agree on one thing. The US Federal Reserve caused the Great Recession. Fed chair Ben Bernanke kept policy far too tight after the US economy buckled in early to mid 2008. He allowed a collapse in the money supply to run unchecked, causing avoidable disasters at Fannie, Freddie, Lehman, and AIG later that year. Call it the "Bernanke Depression" if you want, a term gaining traction in elite circles. The indictment is a little unfair. The European Central Bank was worse. It raised rates into a deflationary oil shock in August 2008, and...
  • Most laid-off US workers take pay cuts in new jobs

    08/25/2012 12:26:23 AM PDT · by Olog-hai · 9 replies
    Associated Press ^ | Aug 24, 2012 6:09 PM EDT | CHRISTOPHER S. RUGABER
    The U.S. economic recovery hasn't felt much like one even for people who managed to find new jobs after being laid off. Most of them have had to settle for less pay. Only 56 percent of Americans laid off from January 2009 through December 2011 had found jobs by the start of this year, the Labor Department said Friday. More than half of them took jobs with lower pay. One-third took pay cuts of 20 percent or more. … The report provides an illustration of the job market's persistent weakness well after the Great Recession officially ended in June 2009....
  • Are Millennials the Screwed Generation?

    07/17/2012 8:00:56 AM PDT · by C19fan · 67 replies
    Daily Beast ^ | July 16, 2012 | Joel Kotkin
    Today’s youth, both here and abroad, have been screwed by their parents’ fiscal profligacy and economic mismanagement. Neil Howe, a leading generational theorist, cites the “greed, shortsightedness, and blind partisanship” of the boomers, of whom he is one, for having “brought the global economy to its knees.” How has this generation been screwed? Let’s count the ways, starting with the economy. No generation has suffered more from the Great Recession than the young. Median net worth of people under 35, according to the U.S. Census, fell 37 percent between 2005 and 2010; those over 65 took only a 13 percent...
  • Small businesses are faltering on job creation

    07/07/2012 12:45:35 AM PDT · by thecodont · 28 replies
    Los Angeles Times / LATimes.com ^ | July 7, 2012 | By Ryan Faughnder and Shan Li, Los Angeles Times
    Behind the weak job growth numbers and the uncertainty about the economic recovery, small-business owners see shrinking consumer confidence sapping demand for their products and services. Many small firms say they are barely staying afloat and won't hire until they see signs of more stability in the marketplace. That sentiment doesn't bode well for efforts to push the economy forward. Small business, the conventional engine of job growth, has been particularly active in the last two years in driving the recovery from the Great Recession. But it may not be able to sustain its efforts. "There is no reason for...
  • Number of the Week: Half of U.S. Lives in Household Getting Benefits

    05/26/2012 9:16:52 AM PDT · by BradtotheBone · 18 replies
    The Wall Street Journal ^ | May 26, 2012, 5:00 AM | Phil Izzo
    49.1%: Percent of the population that lives in a household where at least one member received some type of government benefit in the first quarter of 2011. Cutting government spending is no easy task, and it’s made more complicated by recent Census Bureau data showing that nearly half of the people in the U.S. live in a household that receives at least one government benefit, and many likely received more than one. The 49.1% of the population in a household that gets benefits is up from 30% in the early 1980s and 44.4% as recently as the third quarter of...
  • Where No Mortgage News Is Fit to Print

    12/22/2011 12:36:20 AM PST · by neverdem · 3 replies
    The American ^ | December 20, 2011 | Peter J. Wallison
    The New York Times op-ed page and the left-wing echo chamber. When Joe Nocera was given a regular op-ed column in the New York Times, there was kind of a collective “uh-oh” among people who have watched the gradual slide of that page into Krugmanism and ideological irrelevance. I was one of them, but thought there might be some hope. Some of his columns in the Times business section had suggested a glimmering of a willingness to consider other points of view and even facts.At first, I was disappointed. As he said in today’s column, he called my dissent from...
  • Retiring Barney Frank's Fannie Conection and Backdoor Bailouts

    12/01/2011 5:49:43 PM PST · by joeclarke · 12 replies
    JoeClarke.Net ^ | 01/12/2011 | JoeClarke.Net
    Barney Frank's legacy will not include the prostitution ring that took place at his Washington D.C. townhouse in 1989, without his knowing, according to Barney. He was reprimanded by the House of Representatives in 1990, but Massachusetts, the home of American witchcraft, reelected him - too many times. Barney Frank's legacy will not be that he was the first "Out" gay to become part of the United States Congress. Frank will also not be known, either as the brother of Clinton wonk Ann Lewis, nor for his stammering and stuttering. He will also not be famed for the excessive regulation...
  • The Prepper Movement: Why Are Millions Of Preppers Feverishly Preparing

    10/25/2011 10:59:43 AM PDT · by Kartographer · 38 replies
    In America today, there are millions of “preppers” that are working feverishly to get prepared for what they fear is going to happen to America. There is a very good chance that some of your neighbors or co-workers may be preppers. You may even have noticed that some of your relatives and friends have been storing up food and have been trying to convince you that we are on the verge of “the end of the world as we know it”. A lot of preppers like to keep their preparations quiet, but everyone agrees that the prepper movement is growing....
  • SEPTEMBER PPI SURGES 0.8%, WAY HOTTER THAN ESTIMATES

    10/18/2011 5:53:27 AM PDT · by blam · 28 replies
    TBI ^ | 10-18-2011 | Joe Weisenthal
    <p>The number is out, and it's HOT!</p> <p>PPI hs jumped 0.8%, well above the 0.2% analysts had expected.</p> <p>Core PPI, which excludes food and energy, was only up 0.2%, which is still above the 0.1% that analysts had expected.</p> <p>The culprit? Blame food and energy.</p>
  • Stimulus No Longer Stimulates a Brave New World

    10/05/2011 10:30:54 PM PDT · by neverdem · 1 replies
    The American Interest. ^ | October 5, 2011 | Walter Russell Mead
    America's labor market isn't getting better, and it is hardest on people who haven't worked in a long time. The Economist reports: AMERICA'S great labour market slump continues to cast its pall over the economy, leaving one lonely group in particular shrouded in shadows. Over 6m Americans, more than 40% of all those unemployed, have now been out of work for more than six months. Most of these, 4.5m, haven't worked for a year or more. This crisis of long-term joblessness is unprecedented in the post-war period.Lacklustre growth is the main problem. The pace of new hiring crashed during the recession...
  • Crime and the Great Recession: Jobs have fled, lawbreaking hasn’t risen—and criminologists are...

    08/26/2011 10:21:59 PM PDT · by neverdem · 36 replies
    City Journal ^ | Summer 2011 | James Q. Wilson
    Jobs have fled, lawbreaking hasn’t risen—and criminologists are scratching their heads.During the seventies and eighties, scarcely any newspaper story about rising crime failed to mention that it was strongly linked to unemployment and poverty. The argument was straightforward: if less legitimate work was available, more illegal work would take place. Certain scholars agreed. Economist Gary Becker of the University of Chicago, a Nobel laureate, developed a powerful theory that crime was rational—that a person will commit crime if the expected utility exceeds that of using his time and other resources in pursuit of alternative activities, such as leisure or legitimate...
  • Barack Obama inauguration: this Emperor has no clothes, it will all end in tears (Prophecy)

    08/26/2011 1:22:15 PM PDT · by mojito · 19 replies
    The Telegraph ^ | JANUARY 20, 2009 | Gerald Warner
    This will end in tears. The Obama hysteria is not merely embarrassing to witness, it is itself contributory to the scale of the disaster that is coming. What we are experiencing, in the deepening days of a global depression, is the desperate suspension of disbelief by people of intelligence – la trahison des clercs – in a pathetic effort to hypnotise themselves into the delusion that it will be all right on the night. It will not be all right. [....] It is crucial to recall the reality that lies behind the rhetoric. Denouncing “those who seek to advance their...
  • Does Obama Have Any Idea Why New Deal Failed?

    08/23/2011 3:20:28 PM PDT · by neverdem · 43 replies
    Human Events ^ | 08/23/2011 | Burton Folsom, Jr.
    The Great Depression dominated the 1930s, in large part because President Franklin D. Roosevelt’s New Deal programs failed to create jobs. In May 1939, shortly after learning that unemployment stood at 20.7%, Henry Morgenthau, the secretary of the Treasury, exploded: “We have tried spending money. We are spending more than we have ever spent before and it does not work.” Morgenthau concluded, “I say after eight years of this administration we have just as much unemployment as when we started. . . . And an enormous debt to boot!” Why did Roosevelt’s New Deal fail so miserably? The larger problem...
  • FDR's policies prolonged Depression by 7 years, UCLA economists calculate (warning from 2004)

    08/04/2011 3:49:15 PM PDT · by Lou Budvis · 28 replies
    UCLA Newsroom ^ | August 10, 2004 | Megan Sullivan
    Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt. After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years. "Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10-...
  • Gold & Silver Are Moving Higher… Much Higher! Says Analyst

    08/04/2011 8:57:51 AM PDT · by SeekAndFind · 62 replies
    Yahoo Finance ^ | 08/04/2011 | Jeff Macke
    Every day is a good day to buy gold of late. It's an intoxicating state of affairs for those of us who already own the barbaric metal, which is exactly the problem. Being inordinately giddy over an investment, what Tony Montana called "getting high on your own supply", generally ends quite poorly. The question isn't so much whether or not gold has worked. It has. The question is if it's too late to enter or if this is a prudent time to take some profits. With the fundamentals widely understood, Breakout turned to technical analyst Peter Lee of UBS to...
  • Agenda 21 Update: Family Farms Are Under Attack

    07/31/2011 5:27:24 PM PDT · by Nachum · 61 replies
    The Blaze ^ | 7/31/11 | Mike Opelka
    Is the US government starting to implement the policies of the United Nation’s plan for global management of people and resources known as Agenda 21? The latest efforts out of the Department of Transportation (DOT) seem to indicate this is happening. And they are starting by targeting America’s farming communities with costly and oppressive regulations. In Late May, the DOT proposed a rule change for farm equipment, and if it this allowed to take effect, it will place significant regulatory pressure on small farms and family farms all across America – costing them thousands of dollars and possibly forcing many...
  • The next 72hs: What last minute preps to take?

    07/31/2011 9:23:53 PM PDT · by Kartographer · 138 replies · 1+ views
    The Modern Survivalist ^ | 7/31/11 | FerFAL
    What you would be looking at would be civil unrest in most mayor US cities and thousands of minor ones as well. Once the images of people looting and getting away with it hit the TV you’re looking at thousands of bums thinking of doing the same thing and rushing out the door to the nearest store. That gets bad pretty fast. You’re talking about looting, fires, closed stores, destruction of vehicles and private property, and given US context some gang related activity taking advantage of the lawless situation as well to settle scores. While invasion of residential properties wont...
  • Gerald Celente: “Economic Martial Law Will Be Declared”

    08/01/2011 1:23:23 PM PDT · by Kartographer · 47 replies
    causapatet.blogspot ^ | 8/1/11 | Mac Slavo
    In his latest quarterly Trends Journal (Summer 2011), Gerald Celente provides us another “history of the future,” in which he discusses global economic, monetary, and political events as they happen and what their consequences will be for months, years and decades to come. As he has said before, it is only a matter of time before a major terror attack is executed in a major Western nation. And once it happens it will send shock waves throughout the world, leading to mass global panic and a further tightening of the noose around the necks of the populace: What will another...
  • Some Prepper/Survival Videos from The Patriot Nurse

    08/03/2011 3:56:55 AM PDT · by beaversmom · 29 replies
    The Patriot Nurse via You Tube ^ | May 5, 2010 | The Patriot Nurse
    FYI: I came across these videos this morning made by The Patriot Nurse. I'm not sure if they've been posted to FR before, but I did look through the archives as best I could. I've watched a couple of them. There are a few on You Tube made by this woman. Just passing along for those interested. I think she gives some good ideas. See links below for some of her videos--they'll link you to her other videos as well.
  • It Has Started: Wall Street Preparing For Doomsday Scenario (Fund managers in Crisis Mode)

    07/21/2011 1:44:46 PM PDT · by SeekAndFind · 9 replies
    Business Insider ^ | 07/21/2011 | Katya Wachtel
    If you're simply looking at their public statements, Wall Streeters seem to be alarmed about the debt crisis, but don't appear to be sliding into panic mode. In fact, they're just really good actors. Across the financial sector, many are preparing for a debt doomsday scenario, in which the U.S does in fact default, the New York Times reports. Firms are "taking steps to reduce the risk of holding Treasury bonds or angling for ways to make profits from any possible upheaval." It's clear hedge funds have changed gears and many are in heavy de-risking mode, with billion dollar firms...
  • It Has Started: Wall Street Is Preparing For A Doomsday Scenario

    07/21/2011 7:26:09 AM PDT · by blam · 28 replies
    TBI ^ | 7-21-2011 | ya Wachtel
    It Has Started: Wall Street Is Preparing For A Doomsday Scenario Katya Wachtel Jul. 21, 2011, 9:15 AM If you're simply looking at their public statements, Wall Streeters seem to be alarmed about the debt crisis, but don't appear to be sliding into panic mode. In fact, they're just really good actors. Across the financial sector, many are preparing for a debt doomsday scenario, in which the U.S does in fact default, the New York Times reports. Firms are "taking steps to reduce the risk of holding Treasury bonds or angling for ways to make profits from any possible upheaval."...
  • Chapman: ‘There Is No Question Now That the Game Is Over’

    07/20/2011 9:00:01 PM PDT · by Kartographer · 35 replies
    TheSHTFPlan ^ | 11/20/11 | Mac Slavo
    The American people are broke. When 25% of the people have no income coming in and prices for basic goods continue to rise, there will be no upward movement in the economy. Consumers cannot spend, because they have nothing left – their incomes have been eliminated and so too has their credit. The only hope for growth is more easing by the Fed and more stimulus from Congress, but even that is masking the problem. We may see positive GDP growth as a result, as we have “officially” seen in recent quarters, but this is strictly a mathematical result of...
  • Fed Preparing For US Default Says Plosser

    07/20/2011 5:52:15 PM PDT · by Kartographer · 27 replies
    Zero Hedge ^ | 7/20/11 | Tyler Durden
    That giant whooshing, and humming, sound you hear are all the printers at the basement of Marriner Eccles getting refills and start the warm up process. Because according to the Fed Charles Plosser the Federal Reserve is actively preparing for the possibility that the United States could default. Which can only mean one thing: an immediate paradrop of millions of $100 bricks to every man woman and child in the US since as we all know by know Tim Geithner has repeatedly confirmed the Treasury has absolutely no default plans. None.
  • Leading Trend Forecaster: We Are Not Entering a New Recession (We're In A Depression)

    07/15/2011 4:26:02 AM PDT · by blam · 36 replies
    SHTF Plan ^ | 9-14-2011 | Mac Slavo
    Leading Trend Forecaster: We Are Not Entering a New Recession Mac Slavo July 14th, 2011 Trend forecaster Gerald Celente, of the Trends Research Institute, in his latest Trend Alert to subscribers, says that media presstitutes continue to sell Americans and the rest of the world the big lie of recovery. It’s nothing more than a cover-up. We never exited the recession that started in 2008.For the second consecutive month, employers added scarcely any jobs in June, startling evidence that the economic recovery is stumbling … The government also revised downward the small gain for the previous month to 25,000 new...
  • 10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy

    07/16/2011 3:58:48 PM PDT · by Kartographer · 137 replies · 1+ views
    Hawaii News Daily ^ | July 15, 2011 | Michael Snyder
    All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess. In fact, there are all sorts of signs that things are about to get even worse, and the American people are just about fed up. Virtually every major poll, survey and measure of consumer confidence shows that the American people are becoming more pessimistic about the economy. Millions of hard working Americans that worked their fingers to the bone for their employers and that did everything...
  • Neighborhood Prepper Meeting: Getting Together

    07/16/2011 3:33:47 PM PDT · by Kartographer · 12 replies
    YouTube ^ | 7/16/11 | LDSPrepper
    I would like to thank my neighbors and friends for participating in our annual emergency preparedness meeting. Your comments and contributions were what made the meeting great. Hopefully we all left with a desire to be better prepared so our family and loved ones are well taken care of in the event of...
  • Urban Survival Skills To Keep Your Ass Alive

    07/14/2011 9:06:55 PM PDT · by Kartographer · 246 replies
    survive2thrive.ne ^ | 7/14/11 | Steve
    Even if you are fortunate enough to have a retreat out in the country getting to your safe haven maybe impossible during upheaval. Roads blocked by wrecked and fuelless vehicles will stop most bugouters in their tracks. Maybe you were born lucky and can make it out safely before the balloon bursts, then what? People in rural areas, will start shooting if threatened by mobs of refugees fleeing the city. Don’t expect to be welcomed with arms outstretched. Most country folks don’t trust outsiders; you will likely be greeted with a load of buckshot and not the cup of fresh...
  • Gun ‘preppers’ go mainstream as more people realize no one is immune to disaster

    07/12/2011 5:51:59 PM PDT · by marktwain · 141 replies · 2+ views
    Gun Rights Examiner ^ | 11 July, 2011 | David Codrea
    The Economic Collapse blog reports that Robert Kiyosaki is warning of an impending economic collapse—and advises on preparations that include buying guns. By way of credentials, Kiyosaki is the author of the successful “Rich Dad Poor Dad” books, reportedly having sold over 26 million copies, and runs the Rich Dad financial education website. He co-authored “Why We Want You to be Rich” with Donald Trump. The Economic Collapse lists 11 “sound bites” from a Kiyosaki video (see sidebar media player) that include predictions of collapse where supermarket food supplies are reduced to less than three days—presumably with no restocking in...
  • Economic Collapse - A Tsunami is Coming

    06/28/2011 10:26:18 PM PDT · by Kartographer · 31 replies
    We are either going into a Depression or Hyperinflation. The Dollar will be coming down and things will get tough. The Government is inflating the stock market along with the banks. The quiet before the storm. I feel it in my bones that we are on the brink of something big and bad. Get your S*#t together. The end of QE2, pushing the Debt Ceiling , Greece, Spain, Japan....all coming to a head. This scenario may begin this week considering the most recent report that the Greek military is threatening a military coup if parliment imposes more austerity measures. So...
  • G-20 announces measures to stabilize food prices

    06/23/2011 12:00:21 PM PDT · by EBH · 37 replies
    yahoo/ap ^ | 6/23/11 | PAUL SCHEMM
    World Bank President Robert Zoellick appeared at the ministers' side during the news conference to express his support for the new measures and the seriousness of price swings. "We are not going to be able to stop food prices from going up and down, but we can smooth out the swings and we can protect the poor whether they are small farmers or consumers," he said. One of the key aspects of the new accord is the Agricultural Market Information System that would stave off panic food speculation by making instantly available to all countries the state of world food...
  • 55 Preparedness Items

    06/21/2011 1:14:26 PM PDT · by Kartographer · 29 replies
    There are many survival preparedness items that you can store now, and “forget” about, which you may need later during varying degrees of an emergency. The following are 55 suggested items that you can store and have ready.
  • Gerald Celente: “COLLAPSE: IT’S COMING! ARE YOU READY?”

    06/13/2011 10:16:32 PM PDT · by Kartographer · 70 replies
    SHTF Plan ^ | 6/13/11 | Mac Slavo
    Trend forecaster Gerald Celente of the Trends Journal advises subscribers of his quarterly newsletter that the collapse is on it’s way and will become apparent to the population of the entire world in short order. While pundits argue over whether or not a double dip recession is coming, many on the street have finally begun to realize that another recession is the least of our problems.
  • Roubini Says “Perfect Storm” May Clobber Global Economy

    06/13/2011 11:37:35 AM PDT · by edpc · 23 replies
    The Daily Ticker - Yahoo Finance ^ | 13 June 2011 | Henry Blodget
    NYU Professor Nouriel Roubini has seized the headlines again this morning, warning that a "perfect storm" of economic disasters may smash the global economy in 2013. Roubini's perfect storm consists of four factors: -The U.S.'s basket-case of an economy and budget deficit, -A potential slowdown in China, -European debt restructuring and -Stagnation in Japan. Roubini says there's a one-in-three chance that these factors will clobber growth in 2013.
  • Prepper Thoughts on Martial Law: VANITY

    06/12/2011 10:36:20 AM PDT · by dagogo redux · 55 replies
    6/12/11 | dagogo redux
    I am posting this vanity to take the pulse of fellow Freepers regarding the possibility of martial law being imposed, and your thoughts on the best way to react when it is. I’ve been something of a “prepper” for a few years now, watching history unfold and putting store by the truth of the old Boy Scout Motto. I’ve watched our imperfect US Constitution be easily subverted, but I have held fast to my faith in the much more fundamental Declaration of Independence. Preparedness, the “eternal vigilance” our Forefathers’ spoke of, has seemed a patriotic duty in these dark times....
  • Emergency Preparedness….Top Post-Collapse Barter Items And Trade Skills

    06/11/2011 3:46:44 PM PDT · by Kartographer · 310 replies
    randysright.wordpress.com ^ | 6/11/11 | randyedye
    In today’s “modern” globalist economy, we have relied upon centralized and highly manipulated trade, forced interdependency, senseless and undisciplined consumption, endless debt creation, welfare addiction, and the erosion of quality, as a means to sustain a system that ultimately is DESIGNED to erode our freedoms not to mention our ability to effectively take care of ourselves. We have been infantized by our financial environment. In the near future, those who wish to live beyond a meager staple of government handouts (if any are even given) will be required to make a 180 degree reversal from their current lifestyle of dependency...
  • How to survive a Depression today

    06/12/2011 8:42:06 AM PDT · by doug from upland · 46 replies
    How to survive a depression How to Survive A Depression Today Solutions On This Site - How To Survive A Depression A Global Depression Survival Store and Resource Site Many of us are wondering how to survive a depression today in 2010. Current global economies appear to be on a downward spiral and there is no end in sight. Everyday there's a new industry that is tanking. The key is to plan on how to survive a depression without anyone telling you that a depression is full swing. By the time they tell you it's a depression it will be...
  • ‘It can happen to you’

    06/13/2011 8:40:08 AM PDT · by Kartographer · 64 replies
    Chattanooga Times Free Press ^ | 6/13/11 | Mariann Martin
    Get a kit.” “Make a plan.” “Be informed.” For years, Evonne Richards had seen the signs and read the messages urging her to prepare for an emergency. A mother of four, she found it easy to push off the task. After all, the only threat that seemed likely in the landlocked 21 acres where the family had lived 27 years was a house fire. In September, she finally printed off the checklist from ready.gov. She stockpiled about 60 gallons of water in empty milk and juice containers, adding a dash of bleach to each. She bought a three-day supply of...
  • Ten Things Update: 2011

    06/10/2011 9:23:14 AM PDT · by Kartographer · 30 replies
    Market-Ticker ^ | 6/10/11 | Karl Denninger
    Be prepared to "shelter in place" or "bug out" as appropriate. "Wilding" events have already happened in some major cities. This is likely to spread if there is a "fiscal" or "monetary" accident and the "FSA" (free **** army) funds get cut off. These events could spread very quickly, and many large cities could go near-feral within days. You need to know what you're going to do about that if it happens. If you think it can't, you're wrong - it both can and might. Being prepared costs nothing. Being unprepared might cost you your life. Consider walking down the...
  • The Handling of the Economic Crisis May Lead to Civil Unrest

    06/09/2011 10:09:15 PM PDT · by Kartographer · 60 replies
    ZeroHedge.com ^ | 6/9/11 | George Washington
    Reality is beginning to break through. Gas and grocery prices are on the rise, home values are down, and vast majorities think the country is on the wrong track. The result is sadness and frustration, but also an inchoate rage more profound than the sign-waving political fury documented during the elections last fall. -SNIP- •Director of National Intelligence Dennis C. Blair said: "The global economic crisis ... already looms as the most serious one in decades, if not in centuries ... Economic crises increase the risk of regime-threatening instability if they are prolonged for a one- or two-year period," said...
  • CNN: 48% believe a Great Depression is coming within a year

    06/08/2011 10:56:44 AM PDT · by SeekAndFind · 32 replies
    Hotair ^ | 06/08/2011 | Ed Morrissey
    Alternate headline: Great Depression worries go mainstream. I guess we can count Barack Obama among the 51% who aren’t worried about it, since he’s not even worrying about a double-dip recession. CNN’s latest poll shows an almost even split between Americans who expect a big collapse within a year, and, er, Americans who aren’t quite as worried about it: President Barack Obama’s overall approval rating has dropped below 50 percent as a growing number of Americans worry that the U.S. is likely to slip into another Great Depression within the next 12 months, according to a new national poll. The...
  • Deflationary Depression In America: The Double Dip Economic Recession

    06/08/2011 8:24:18 PM PDT · by blam · 26 replies · 1+ views
    TMO ^ | 6-8-2011 | Bob Chapman
    Deflationary Depression In America: The Double Dip Economic Recession Economics / Deflation Jun 08, 2011 - 07:33 AM By: Bob Chapman Wall Street seems to believe the waning recovery in the economy is only temporary and that further recovery is on the way. Such thinking can get you in serious trouble, unless QE3, or its equivalent, is on the way. It is on the way, as we pointed out 13 months ago. The economy cannot live and survive without it otherwise we could be looking at a minus 5% GDP for openers. Incidentally, there are those that believe that unemployment...
  • 10 Tipping Points Which Could Potentially Plunge The World Into A Horrific Economic Nightmare

    06/07/2011 5:47:57 PM PDT · by Kartographer · 28 replies
    Hawaii Nnews Ddaily ^ | 6/7/11 | Michael Snyder
    The global economy has become so incredibly unstable at this point that it is not going to take much to plunge the world into a horrific economic nightmare. The foundations of the world economic system are so decayed and so corrupted that even a stiff breeze could potentially topple the entire structure over. Over the past couple of months a constant parade of bad economic news has come streaming in from Europe, Asia and the United States. Signs of an impending economic slowdown are everywhere. So what “tipping point” will trigger the next global economic downturn? Nobody knows for sure,...
  • A Greater Depression

    06/07/2011 6:07:06 AM PDT · by Kartographer · 35 replies
    Human Events ^ | 6/7/11 | Bob Livingston
    Currently, about 18.5 percent of American males between the ages of 18 and 55 are unemployed. About 44 million Americans are on food stamps. How long before we see riots in America like those in the Middle East and North Africa? They may be starting already. Over the Memorial Day weekend, there were no fewer than seven incidents of riots or near riots in large crowds. Mob incidents, shootings, fights and looting broke out New York City; Rochester, N.Y.; Chicago; Miami; Myrtle Beach, N.C.; Nashville, Tenn.; Decatur, Ala.; and Boston. Beaches, water parks and streets were shut down. In recent...
  • Suddenly Everyone Is Warning About The Next Financial Collapse

    05/31/2011 9:50:10 PM PDT · by Kartographer · 46 replies
    Benzinga.com ^ | 5/31/11 | Michael Snyder
    The following is just a sampling of the financial warnings that we have seen in recent days from some prominent voices.... *Economist Nouriel Roubini: "I think right now we're on the tipping point of a market correction. Data from the U.S., from Europe, from Japan, from China are suggesting an economic slowdown." *Jim Rogers: "I would expect to see some serious problems in the foreseeable future….By 2011, 2012, 2013, 2013, I don't know when, we're going to have an economic slowdown again." *Mark Mobius, the executive chairman of Templeton Asset Management's emerging markets group: "There is definitely going to be...