Category: Great Depression II
The analysis published under this category are as follows.
Sunday, November 21, 2010
Fed's Hidden Agenda of Driving U.S. Into a Second Great Depression / Economics / Great Depression II
By: Washingtons_Blog
Ben Bernanke has said that the Fed is trying to promote inflation, increase lending, reduce unemployment, and stimulate the economy.
However, the Fed has arguably - to some extent - been working against all of these goals.
Saturday, November 20, 2010
Global Financial System Crisis, Collapse in Consumer Spending, Unemployment, Rising Prices / Economics / Great Depression II
By: Bob_Chapman
We hear stories about oil and about how it will probably move higher, perhaps to $150.00 a barrel and perhaps higher. This is the first time in more than three years that it has moved to lofty levels. The net speculative long position is more than 200,000 contracts, or about 35% higher than in 2007. Some economies are doing well, particularly in Asia and in Latin America, but not enough to create such higher prices. $60.00 a barrel would more nearly meet demand.
Tuesday, November 02, 2010
Dr Ben "Kevorkian" Bernanke Helping U.S. Economy Commit Suicide / Economics / Great Depression II
By: James_Quinn
Everyone has watched one of the best TV series of all-time - M*A*S*H. You also know the tune that played during the opening credits as helicopters delivered wounded soldiers to the 4077 Mobile Army Surgical Unit. Most people have never heard the lyrics that go with the music. The song is Suicide is Painless and the lyrics were sung during the M*A*S*H Movie. As I watched the movie a few weeks ago, the lyrics struck home. Our country has been slowly committing suicide for the last 40 years. The movie and TV series were set during the Korean War. It is fitting that military spending is one of the major causes of our suicide as a nation. On an inflation adjusted basis, the US has doubled spending on Defense since 1962. It is on course to rise another 20% in the next four years. Dwight D. Eisenhower warned us about the military industrial complex in 1961:
Wednesday, October 27, 2010
Economies Pummeled by the Strong Arm of the Financial Ruin / Economics / Great Depression II
By: Richard_Daughty
Casey's Gold & Resource Summit reports that "Casey Research's own resident economic genius Bud Conrad" is the "nonpareil whirling dervish of data points," which is an odd descriptor, and I interpret it as meaning a guy who knows how to send you into cardiac arrest with "a mind-boggling sequence of charts and graphs covering virtually every aspect of the economy."
Read full article... Read full article...
Monday, October 25, 2010
Is Today's U.S. Unemployment Rate Higher than During 1930's Great Depression? / Economics / Great Depression II
By: Washingtons_Blog
Pulitzer Prize-winning historian David M. Kennedy notes in Freedom From Fear: The American People in Depression and War, 1929-1945 (Oxford, 1999) that - during Herbert Hoover's presidency, more than 13 million Americans lost their jobs. Of those, 62% found themselves out of work for longer than a year; 44% longer than two years; 24% longer than three years; and 11% longer than four years.
Friday, October 22, 2010
Economic Depression Within the Great Depression / Economics / Great Depression II
By: James_Quinn
By James Quinn, Contributor, The Casey Report :
Regular Casey Report contributor James Quinn is the head of strategic planning for one of the world's most prestigious business schools and the host of TheBurningPlatform.com blog. In this article, he is presenting historical indicators that may tell us what’s in store for the U.S. economy.
Thursday, October 21, 2010
Great Economic i-Depression 2.0, U.S. Jobs Reality / Economics / Great Depression II
By: James_Quinn
As I listen to pundits, politicians and populists expound on the jobs situation in our country day after day, as if they knew what they were talking about, I'm reminded of the Seinfeld episode where George quits his job as a real estate agent. He sits in Jerry's apartment and ponders whether he could become the general manager of the Yankees, a sportscaster, getting paid to watch movies, or a talk show host. After the discussion with Jerry, he realizes that he has absolutely no skills that are transferable to another career. Everyone in America would like to be the General Manager of the Yankees or get paid for watching movies, but that isn't how it works in the real world.
Wednesday, October 20, 2010
Foreclosure Madness, Securitization Meltdown, U.S. Great Depression Written into Law / Economics / Great Depression II
By: Ty_Andros
The US economy is being SHUTDOWN at a rapid rate by the radical Marxists in the beltway, whom having never met a businessman that they like other than those who pay political tolls -- known as campaign contributions – consider the rest of the WEALTH generating private sector to be the proverbial red headed step child. Ripe for abuse…
As the denizens of the beltway do a Jack-the-RIPPER on the economy to SAVE you, runaway regulation and taxation have now killed wealth creation in the G7.
Read full article... Read full article...
Sunday, October 17, 2010
Quantitative Easing, Inflation, Hyperinflation and Global Deflationary Depression / Economics / Great Depression II
By: Bob_Chapman
Today’s great debate basically between the US and Europe is – should the Fed go full bore by implementing a second quantitative easing? In part it is a moot point, because they have been doing just that in the repo market for four months without letting anyone know what they were up too. Their mandate is to reduce inflation and create full employment. Real inflation is 7% and unemployment is 22-3/4%. The Fed for three years has concentrated on bailing out Wall Street, banking, insurance and transnational conglomerates. Little has been done to fulfill their mandated mission. The main recipients of their largess, of course, are the firms that actually own the privately owned Fed.
Saturday, October 09, 2010
U.S. Economy is Faltering, Inflationary Depression is in Progress / Economics / Great Depression II
By: Bob_Chapman
In spite of the disinformation, misdirection and outright propaganda the economy is faltering without the addition of stimulus and quantitative easing. The benefits of inventory accumulation over the past 17 months, which accounted for 60% of the strength in the economy is at an end. We either get more stimulus either governmental or from the privately owned Fed or growth is going to continue to drop. We are looking at indexes that for the most part are at or near their lows. We see short reactive rallies but certainly nothing that leaves us to believe that any kind of a recovery is at hand.
Friday, October 08, 2010
U.S. Economy Has Failed to Recover, Fed Prepares to Pump the Economy / Economics / Great Depression II
By: Peter_Schiff
Since the US economy has failed to recover as widely predicted, pressure on the Federal Reserve to conjure a solution has increased. In fact, the Fed now faces the hardest choices in its history. It can either redouble its past efforts to re-inflate America's bubble economy (risking the destruction of the US dollar) or it can stop pumping and let the economy deflate to a self-sustaining level. Unfortunately, both choices guarantee severe economic pain - but only one offers the possibility of ultimate success.
Thursday, October 07, 2010
No Way Out of the Greater Inflationary Economic Depression / Economics / Great Depression II
By: Casey_Research
Doug Casey, Casey Research writes: I really dislike sounding inflammatory. Saying that things are going to go terribly wrong runs a risk of being classed with those who think the world will end in December 2012 because of something Nostradamus or the Bible says, or because that's what the Mayan calendar predicts.
Saturday, October 02, 2010
America Trending Towards and Inflationary Economic Depression / Economics / Great Depression II
By: Bob_Chapman
There is no question that those who control our government from behind the scenes are bound and determined to take over the $6 trillion in private pension plans. Whether they’ll be successful remains to be seen. The Department of Labor wants to force all IRA’s and 401k’s into the arms of a corporate fascist government, that knows better what is good for you, than you do. You would exchange your hard earned investments for a guaranteed, government annuity that is not worth the paper it is written on.
We have been writing about this for more than a year, but as usual few are listening. People say the government won’t and can’t do that. Government can do anything it wants.
Read full article... Read full article...
Wednesday, September 29, 2010
Forget a Recession, The American Empire is Crumbling / Economics / Great Depression II
By: Graham_Summers
I look around me and I see an Empire in Decline.
The US economy is clearly in a depression… not a recession, not a recovery, but a DEPRESSION. More than 40 million Americans (12%) are on Food stamps. Nearly one in five of us are unemployed of underemployed. Folks go to Wal-Mart at 11PM waiting for their government checks to clear at midnight so they can buy baby formula, milk and other necessities.
Read full article... Read full article...
Monday, September 27, 2010
Consumer Credit Depression, CBO Deficit Armageddon, Government Warnings of Financial Fiascos! / Economics / Great Depression II
By: Martin_D_Weiss
For my family, fiscal balance is not — and never was — a partisan issue. My father, for example, had little interest in politics but was passionate about savings, hard work and avoiding waste.
When I was a toddler, he used to sit me on his knee, teaching me and my older brother that money is not a toy or a game; it’s to be valued, kept in a piggy bank, and treated with due respect.
Read full article... Read full article...
Wednesday, September 22, 2010
Dollar Devaluation, Debt Default, Austerity, Depression and Growing Inflation / Economics / Great Depression II
By: Bob_Chapman
As quantitative easing again gets underway the failure of QE1 becomes more obvious. The crisis worsens and the illusion of any recovery is light years away. Over the past three years almost $13 trillion that we know about has been thrown down a rat hole to bail out banking, Wall Street, insurance and selected elitist entities. The dollar figure is probably much higher. We will never know, because the privately owned Federal Reserve makes its own rules. Everything they do is a state secret. The five successful quarters were only a mirage. The funds have been vaporized among lending and financial institutions worldwide.
Friday, September 10, 2010
Filtering Through the Economic Noise, America's Second Great Depression / Economics / Great Depression II
By: Mike_Stathis
Early last month, the Commerce Department released the latest GDP data. For Q2 of 2010 the GDP growth came in at 2.4%, missing the consensus estimate of 2.5%.
The Commerce Department also released its latest revisions to 2007-2009 GDP data. As I had predicted, the economy shrank more than the previous estimate of 2.6% versus the 2.4% data recorded last year. That made it the largest drop in GDP since 1946.
Read full article... Read full article...
Tuesday, September 07, 2010
Gold, and the Future Way Through Economic Collapse / Economics / Great Depression II
By: Darryl_R_Schoon
When younger, Alan Greenspan wondered if he could have prevented the Great Depression had he been Fed chairman during the 1920s. Fate, however, was to give Greenspan a far different future than he expected; instead of preventing a depression, he would cause one.
After the scare of the 1970s, central bankers, i.e. Greenspan et. al., focused on containing inflation and came to believe they had successfully done so, not realizing that monetary expansion had instead morphed into asset bubbles, e.g. stocks, property, and bonds, not general price inflation as in the past.
Read full article... Read full article...
Sunday, September 05, 2010
America's Economic Nightmare Is Just Beginning / Politics / Great Depression II
By: Submissions
David Michael Green writes: In the 1930s, the only thing we had to fear was fear, itself. Today, the main thing we have to fear is us, ourselves.
Looking out over the horizon, I'm starting to wonder just how many shades of dark there are on the pallette. Lately, I get the feeling that we're about to find out.
Read full article... Read full article...
Saturday, September 04, 2010
Economic Suicide as Economies and the Middle Class are Taxed to Death / Economics / Great Depression II
By: Ty_Andros
As our socialist progressive leaders in the developed world murder wealth creation, the middle class and our economies under the guise of saving them. Capitalism is now dead in the lands of its birth because there are NO REWARDS for saving, investing, starting a business, hiring an employee, taking a risk or working your ass off to get ahead.
The rewards for doing so now go to GOVERNMENT, public serpents and their supporters to redistribute to themselves and to the desperate, useful idiots who support them (because they do not have the education required to know not to). As the something-for-nothings in society turn to government to save them more torture lays ahead.