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Category archives for: Economy

The 5 Stages of Collapse: Where Are We Currently?

US National Debt grows in millions every second of the day, thanks to Federal Reserve- a private corporation

February 8, 2012 (TSR) - Elizabeth Kübler-Ross defined the five stages of coming to terms with grief and tragedy as denial, anger, bargaining, depression, and acceptance, and applied it quite successfully to various forms of catastrophic personal loss, such as death of a loved one, sudden end to one’s career, and so forth. Several thinkers, notably [...]

The American Economy and US Dollar is “Dead”: The Illusion of Economic Recovery

The US Dollar has been dead since 2007.

February 4, 2012 (TSR) – On January 27, the US Bureau of Economic Analysis announced its advance estimate that in the last quarter of 2011 the economy grew at an annual rate of 2.8% in real inflation-adjusted terms, an increase from the annual rate of growth in the third quarter. Good news, right? Wrong. If you [...]

Bam! Bam! Bam! Huge Financial Bombs Just Got Dropped All Over Europe

financial_collapse

Jan. 17, 2012 (TSR) - The European debt crisis has just gone to an entirely new level.  Just when it seemed like things may be stabilizing somewhat, we get news of huge financial bombs being dropped all over Europe.  Very shortly after U.S. financial markets closed on Friday, S&P announced credit downgrades for nine European nations.  This included [...]

The US-Iran economic war

HEGEMONIC CONTROL is the name of the Game USA and Israel is playing.

New York, Jan 12, 2012 (TSR) - Here’s a crash course on how to further wreck the global economy. A key amendment to the National Defense Authorization Act signed by United States President Barack Obama on the last day of 2011 – when no one was paying attention – imposes sanctions on any countries or companies that buy Iranian oil and [...]

New Fascist World Order Marches: New Global Currency Announced

New Global Currency

Jan 3, 2012 (TSR) - Conscious Media Network has been approached by a representative of global leaders and financiers from 130 nations to broadcast a statement about a new global economic restructuring arising in 2012. The statement will be delivered via a video-taped interview with a layperson on behalf of the consortium that has been working behind the scenes, [...]

Like Iceland, “Get out IMF”: Ghana Snubs IMF over $3bn Chinese loan

Ghanaian President Atta Mills intends to pull out Ghana from IMF

Accra, Dec 27, 2011 (TSR) – The President of Ghana, John Evans Atta Mills, intends to pull Ghana out of the International Monetary Fund in a final bid to end moves by the Christine Largarde-led funding agency to suffocate the US$3 billion loan the NDC government wants from the China Development Bank (CDB). News of [...]

Australian Banks Given One Week To Prepare For European “Meltdown”

Euro meltdown

December 20, 2011 (TSR) - Whereas previously we had heard extensive horror stories about banks being told to prepare for the end of the world in case the European summit (the latest and greatest one from last Friday which was supposed to find a cure for cancer among other things) failed, and even went so far as to [...]

U.S. Declares Cold War With China

Obama Hu Jintao

Nov 28, 2011 (TSR) – Last week, President Barack Obama was in Asia to declare a cold war with China.  Hopefully the U.S.-China cold war won’t be like the one fought with the Soviet Union that brought the world to the brink of nuclear annihilation and cost trillions of dollars over 60 years. The crux of the conflict is [...]

Eurozone is a ticking time bomb

eurozone3

Oct. 7, 2011 (TSR) – The Eurozone crisis continues to spiral out of control while hapless politicians fail to put together a credible resolution plan. The Franco-Belgian bank, Dexia, already bailed out when the US mortgage market crashed in late 2008, is in danger of becoming the first major European banking institution to fall since [...]

USA runs out of cash Aug 2; Federal Reserve planning for potential default

Bernanke, Chairman of US Federal Reserve

The Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government’s $14.3 trillion borrowing limit looms, a top Fed policymaker said on Wednesday. Charles Plosser, president of the Philadelphia Federal Reserve Bank, said the U.S. central bank has for the past few months been working closely [...]


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