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Germany braced for Record Debt as cabinet approves 2010 budget

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Believe it or not, but these were German money that became completely useless in the Weimar. Hitler came and saved Germany but where is he now? (Germany’s first Hyperinflation) The German cabinet approved next year’s budget proposals on Wednesday, envisaging record debt for 2010, government sources told German Press Agency dpa. The budget, drawn up by Finance Minister Wolfgang Schaeuble,... 

Red Alert! The Second Wave of The Financial Crisis to Hit in 2010

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The Wave Is gathering force & could hit between the first & second quarter of 2010 Many of my friends who have been receiving my e-mail alerts over the last two years have lamented that in recent weeks I have not commented on the state of the global economy. I appreciate their anxiety but they forget that I am not a stock market analyst who is paid to write articles to lure investors back... 

Food prices to rise 90%

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The National Inflation Association today released the following statement to its http://inflation.us members: “While most mainstream economists such as Nouriel Roubini are warning of deflationary threats to the U.S. economy, it is our belief that massive price inflation has already begun. The Federal Reserve’s policy of massive monetary inflation in 2009 has caused the Dow Jones to bounce... 

$7,100: Average Price of a House in Detroit

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DETROIT — On a grassy lot on a quiet block on a graceful boulevard stands the answer to a perplexing question: Why does the typical house in Detroit sell for $7,100? The brick-and-stucco home at 1626 W. Boston Blvd. has watched almost a century of Detroit’s ups and downs, through industrial brilliance and racial discord, economic decline and financial collapse. Its owners have played a part... 

US Census Bureau Confirms Rising Poverty, Falling Incomes, and Growing Numbers of Uninsured

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In early September, The US Census Bureau released its new report titled, “Income, Poverty, and Health Insurance Coverage in the United States: 2008” showing disturbing data that portends much worse ahead under a president and Congress doing nothing to address it. In 2008, poverty reached 13.2% of the population, its highest level in 11 years, the result of millions losing jobs during... 

America is in debt with $9 Trillions over the next 10 years

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WASHINGTON – In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America’s founding. And it says by the next decade’s end the national debt will equal three-quarters of the entire U.S. economy. But before President Barack Obama can do much about it, he’ll have to weather recession... 

California Brankrupted with $24.3 Billion deficit

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Illegals pouring over the boarder for free health care and education are burgeoning California’s already bankrupt economy. Will it spread to the rest of the country?  Read More »

Obama tells to America: 'We're out of money'

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In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: “We are out of money.” C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president. SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money? OBAMA: Well, we are out of money now. We are operating... 
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Ever wonder why the US is bankrupt?

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Has anyone ever thought about us just making Mexico the 51st state? It would be lot easier. You think the war in Iraq is costing US too much? Read on.. Boy, was I confused. I have been hammered with the propaganda that it is the Iraq war on terror that is bankrupting us. I now find that to be RIDICULOUS. I hope the following 14 reasons are forwarded over and over again until they are read so many... 

Something BIG is happening; 9 U.S. states declare sovereignty

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Last week, I reported on this blog that the New Hampshire Legislature made a dramatic declaration warning the federal government that they risk “nullifying the Constitution.”Within the past 7 days, eight other U.S. states have made similar declarations of their sovereignty! Clearly something “big” is up. These types of actions by state legislatures rarely if ever take place,... 
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