Unemployment Checks Set Record

From Yahoo Finance: WASHINGTON (AP) — The number of people receiving unemployment benefits has reached an all-time record, the government said Thursday, as layoffs spread throughout the economy. The Labor Department reported that the number of Americans continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the [...]

GM Breaks 77-Year Record

Jan 22, 2009. Toyota overtook General Motors in global vehicle sales for the first time, bringing to an end GM’s 77-year run as the world’s largest automaker. GM, now struggling to restructure under a $13.4 billion U.S. government bailout, had held the title as the global auto industry leader for over seven decades and used [...]

Britain 3 Hours Away from “Going Bust”

This from Britain’s Daily Mail newspaper: Britain was just three hours away from going bust last year after a secret run on the banks. This wasn’t revealed until Jan 24, 2009 by one of British Prime Minister Gordon Brown’s ministers. City Minister Paul Myners disclosed that on Friday, October 10, the country was ‘very close’ [...]

US Mint Clamps Down on Gold

U.S. Mint Actions Discourage Gold Ownership [link] Over the past several months, the United States Mint has announced a series of actions and policy changes that make it more difficult for the average individual to buy gold. There have always been plausible or semi-plausible explanations, but the consequence of each action has been to limit [...]

1929 Redux: Ben Battles the Bear

Look at this chart by Mark Lundeen. It compares the 1929 “bear” depression with what’s happening NOW. He synchronized the market tops for both events. Pithy comments from Mr. Lundeen: This bear is the most volatile market in the 124 year history of the DJIA. So why isn’t the DJIA below the 1929/32 bear’s valuation [...]

Poll: Big Oil’s Influence

Pastor Lindsey Williams has some interesting predictions about Big Oil and their plan to take over the world, starting with the US. Wild? Sounds that way until you realize the same inside sources  he relies on predicted oil would fall from $150 to $50. Oil Insider Warns of Economic Calamity So, do YOU think Big Oil [...]

Oil Insider Warns of Economic Calamity

On July 9, 2008 Lindsey Williams claimed to have inside info on future plans of the “elite of the world.” Back then, oil was pushing through $138/barrel and gas had never been more expensive. Mr. Williams said he had been told by the “elite” that oil would continue to rise until it hit $150 to [...]

Iceland’s Gov’t Resigns

Recent protests in Iceland over the economic catastrophy there have drawn blood. Do you really think it’s impossible for something like this to happen in the US? Later this summer, perhaps? REYKJAVIK, Iceland – Iceland’s coalition government collapsed on Monday under the pressures of a financial meltdown and Prime Minister Geir Haarde said he would [...]

Week of Jan 26, 2009

The Secret Comes Out After 3 Months Back on “Black Friday” Oct 10, 2008, it is revealed that Britain 3 Hours Away from “Going Bust”. Dead Cat Bounce Uh, ‘scuze me, but weren’t we supposed to get a nice “dead cat” bounce in the market this month? Check out this graph synchronizing 1929+ Dow with 2007+ [...]

Iceland Burns

Iceland began its historic collapse Oct 9 (when they closed their stock market after the failure of their three largest banks). Through November and December the normally genteel Icelanders organized weekend protests against their government. Now things have gotten seriously violent, for the first time in 60 years. Late Wednesday night, as thousands of protesters [...]