Economic Black Hole: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover

From: theeconomiccollapseblog

Even though the U.S. financial system nearly experienced a total meltdown in late 2008, the truth is that most Americans simply have no idea what is happening to the U.S. economy.  Most people seem to think that the nasty little recession that we have just been through is almost over and that we will be experiencing another time of economic growth and prosperity very shortly.  But this time around that is not the case.  The reality is that we are being sucked into an economic black hole from which the U.S. economy will never fully recover.

The problem is debt.  Collectively, the U.S. government, the state governments, corporate America and American consumers have accumulated the biggest mountain of debt in the history of the world.  Our massive debt binge has financed our tremendous growth and prosperity over the last couple of decades, but now the day of reckoning is here.

And it is going to be painful.

The following are 20 reasons why the U.S. economy is dying and is simply not going to recover….

Entire Article Here

Steve Quayle’s Hot Headlines



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Ron Paul Bill Seeks Coin and Bullion Tax Ban

From: coinnews

Congressman Ron Paul [R-TX] on Wednesday introduced legislation that would, if signed into law, end taxes on coins and bullion and repeal legal tender laws. The bill’s lofty goal is to reintroduce a system of competing currencies.

“At this country’s founding, there was no government controlled national currency. While the Constitution established the Congressional power of minting coins, it was not until 1792 that the US Mint was formally established,” Rep. Ron Paul said.

“In the meantime, Americans made do with foreign silver and gold coins. Even after the Mint’s operations got underway, foreign coins continued to circulate within the United States, and did so for several decades.

H.R. 4248, or the Free Competition in Currency Act of 2009, includes several measures to end government controlled currency. One is to repeal Section 5103 of Title 31 of the United States Code which includes legal tender language that, according to Ron Paul, should not exist.

“There is nothing in the Constitution that grants the Congress the power to enact legal tender laws. We, the Congress, have the power to coin money, regulate the value thereof, and of foreign coin, but not to declare a legal tender. Yet, there is a section of US Code, 31 USC 5103, that purports to establish US coins and currency, including Federal Reserve notes, as legal tender.”

Entire Article Here

Brace Yourself for the Coming Gold Shortage

From: zerohedge

Brace yourself for the impending gold shortage. Gold shortage? Yup. With the launch of a flurry of ETF’s devoted to the barbaric relic recently, total ETF holdings have soared well past 60 million ounces worth $65 billion, more than total world production in 2009. The grand Daddy of them all, the SPDR Gold Shares (GLD), now has a staggering $42.7 billion of the yellow metal, making it the second largest ETF by market capitalization, and the fifth largest gold owner in the world.

When gold suffered a hair raising $150, 12% pull back from the all time high in December, I was deluged by traders asking if this was the peak, if it was the final blow off top, and if gold is finished as an asset class. My answers were no, never, and not on your life.

A tidal wave of fiat paper currencies is now flooding the world financial system at an increasingly alarming rate. Obama has not suddenly become a paragon of fiscal restraint. Bernanke has not morphed into a tightwad. When I pull a dollar bill out of my wallet, it’s as limp as ever.

Entire Article Here

Jim Cramer (‘Mad Money’) Says Bernanke, Geithner, Illuminati, Trilateral Commission, and Queen of England Are Great

“Bernanke’s doing everything right.”

— Jim Cramer CNBC

G. Edward Griffin: The “Federal” Reserve is a Privately Owned Cartel


Cramer goes into how he fell in love with Bernanke & Geithner after they “saved” the day

Then in reference to the scandal about Geithner & AIGd he states “You know what, the Bavarian Illuminati, the Trilateral Commission, Goldman Sachs, & The Queen of England are not all bad!”

Then the paid […] switches the subject & then they do a 3 minute ad on air for Apple!

Lindsey Williams speaks again to 87-year-old elite oil insider: What to expect in 2010. Significant dollar decline, but not enough to sufficiently wake up the people

Radio Liberty audio archives

Date: 01-27-10
Hour: 1
3:00: to be announced
Hour: 2
4:00: Joyce Riley – Our Military & Current Events
Hour: 3
8:00: Open Lines
Hour: 4
9:00: Lindsey Williams – Frightening Economic Predictions


Lindsey Williams on Alex Jones Tv: Lindsey talks with elite insider again about the future of America and monetary system, the globalist plans for the rest of the world

Unfiltered News from Freedom Force International

More Ultra-Vivid Headlines from
G. Edward Griffin’s

2010 JANUARY 23 – 29

Click on headlines to see full articles If original sources are missing, click on Cached.
Star indicates article worth printing for future reference.
Camera indicates video or slideshow.
Speaker indicates audio.
Asterisk indicates an amazing event or phenomenon.
See the entire collection here.

Bill and Melinda Gates Foundation will donate $10 billion to vaccinate children in developing countries. The World Health Organization, which issued a false pandemic warning, applauds this measure. So do vaccine manufacturers. This article makes no mention of concern among health professionals over the damage from toxic additives to vaccines. BBC News 2010 Jan 29 (Cached)

The majority of professional weather forecasters believe the theory of man-made global warming is false. Only 19% have faith in computer models. Herald Sun 2010 Jan 28 (Cached)

A U.S. corporation announces its bid for a seat in Congress in this satirical response to a Supreme Court decision allowing corporations unlimited campaign contributions and granting them rights as “persons.” Humorous but true. See TV commercial.
Huffington Post
2010 Jan 28 (Cached)

UK: Chief scientific advisor for the government says climate skeptics should not be dismissed. The global-warming hoax is becoming more apparent as mainstream media is forced to acknowledge the facts. Telegraph 2010 Jan 27 (Cached)

US: The Fed says it will keep interest rates low, hoping to spend its way out of the economic slump. But that’s what created the slump! This will discourage savings and reduce demand for government bonds. That will force the Fed to buy them with newly created money and that will cause even more inflation. CBS News 2010 Jan 27 (Cached)

US: Congressman suggests that Geithner should resign after e-mails reveal his involvement in AIG cover-up. Geithner responds that he is “proud” of his decisions. Video clip included.
InfoWars 2010 Jan 27 (Cached)

UK: 14% of prisoners are from other countries. Overcrowding of jails and taxpayer burden is seen as result of  lax immigration policy.
Daily Mail
2010 Jan 27 (Cached)

The backroom deal to get Nebraska Senator’s vote for Obamacare fuels voter anger, and even Obama is forced to concede this point.
CBS News
2010 Jan 27 (Cached)

Britain, after decades of collectivism and re-distribution of wealth programs, has highest rate of poverty in Western Europe and widest gap between rich and poor. Inequality is the greatest since WWII. Daily Mail 2010 Jan 27 (Cached)

The Heritage Foundation Index on Economic Freedom shows the U.S. has dropped to 8th place, behind Canada, making it the most “declined” nation in the world. That is the result of government intrusion into what once was a free market and the trend continues. CFP 2010 Jan 27 (Cached)

Carbon Credits are proposed for a new world currency to be issued by governments and would involve control over all aspects of life from cradle to grave. CFP 2010 Jan 26 (Cached)

China’s stock-market index drops 2.7% overnight, leading losses across much of Asia. This creates a seven-day drop for the Asian market.
Business Insider
2010 Jan 26 (Cached)

US: To allow economic recovery, Ron Paul advocates allowing currencies backed by gold or silver to compete with Federal Reserve Notes. Campaign for Liberty 2010 Jan 26 (Cached)

Think they don’t electroshock people anymore? Think again. Even toddlers and pregnant women are being shocked — and the $50,000 fee is covered by insurance. No patients are cured. It’s all about money. CCHR 2010 Jan 25 (Cached)

G. Edward Griffin speaks on The Quigley Formula; The Conspiratorial View of History As Explained by The Conspirators Themselves. This discourse soon will be available on DVD and CD, but you can view it now on the Internet.
Reality Zone
Posted 2010 Jan 25

California: Schwarzenegger proposes building prisons in Mexico for 20,000 illegal alien criminals, with California taxpayers picking up the tab. There is no mention of deportation, just outsourcing the prisons which, incidentally, would be run for profit by contractors. AFP 2010 Jan 25 (Cached)

The UN is caught in yet another climate lie. The IPCC claimed global warming was causing more natural disasters, but admitted later that there was no proof. Yet, at the Copenhagen Climate Summit, this claim was the basis for payment of $100 billion from rich countries to Third-World countries. It truly is all about money. Australian 2010 Jan 25 (Cached)

US: Geithner supports Bernanke’s re-appointment to the Fed, as does Obama and the editors at AP. Actually, it makes little difference, because his replacement would come from the same banking cartel and continue the same policies. As long as the Fed exists, there can be no fiscal soundness.
CBS News
2010 Jan 25 (Cached)

US: December home sales down nearly 17%. Sales of previously occupied homes took the largest monthly drop in more than 40 years. Government’s so-called stimulus has prolonged the agony and delayed recovery. Yahoo 2010 Jan 23 (Cached)

US: Cancer radiation overdoses go unreported due to privacy laws. Average lifetime dose of diagnostic radiation has increased sevenfold since 1980, and complex new equipment is more prone to error. NY Times 2010 Jan 23 (Cached)

UK: 70-year gag order is placed on all evidence relating to the ‘suicide’ of government inspector who denied that Iraq had weapons of mass destruction. What cannot be hidden is that there is something to hide. London Evening Standard 2010 Jan 22 (Cached)

US: Nine new bank failures so far in early 2010 following 140 closures last year with no letup in sight. My Way 2010 Jan 22 (Cached)

New Massachusetts law requires teachers and day-care workers to help children brush their teeth after each meal. The problem is, not with teaching dental hygiene, which is good, but with the fact that collectivist legislators have passed a law to FORCE everyone to comply. And they wonder why their freedoms are disappearing.
The Boston Channel 2010 Jan 18 (Cached)

Chuck Baldwin: A Rudderless Ship Of State — “America’s Liberty Ship is dependent upon the twin mainsails of Morality and Constitutional Government to stay on course.”

As a result of this total breakdown of basic morality in virtually every distinguished element within the American framework, constitutional governance is also virtually nonexistent. Adams was right: “Our Constitution was made only for a moral . . . people. It is wholly inadequate to the government of any other.”

From: News with Views

In Patrick Henry’s immortal “Give Me Liberty Or Give Me Death” speech, he said, “[I]t is natural to man to indulge in the illusions of hope. We are apt to shut our eyes against a painful truth.” Never have Henry’s words been truer than they are today. For too long, good men have turned a blind eye to the obvious reality that America’s Ship of State has swerved significantly off course. In fact, it is no hyperbole to say that America’s Ship of State is completely rudderless and, absent a speedy course correction, seems destined to crash against the rocks of oppression and economic ruin in the very near future. For anyone willing to open their eyes, the manifestations of America’s almost-certain collision with history are everywhere.

America’s Liberty Ship is dependent upon the twin mainsails of Morality and Constitutional Government to stay on course. It is an irrefutable and irreversible law that these twin sails are indissolubly linked. We cannot have one without the other. America’s founders clearly understood this.

For example, our second President, John Adams, said, “We have no government armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, revenge, or gallantry, would break the strongest cords of our Constitution as a whale goes through a net. Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”

Samuel Adams (called the “Father of the American Revolution”) said, “He therefore is the truest friend to the liberty of this country who tries most to promote its virtue, and who, so far as his power and influence extend, will not suffer a man to be chosen into any office of power and trust who is not a wise and virtuous man . . . The sum of all is, if we would most truly enjoy this gift of Heaven, let us become a virtuous people.” …

Our first President, George Washington (called the “Father of his Country”), said, “Of all the dispositions and habits which lead to political prosperity, Religion and morality are indispensable supports. In vain would that man claim the tribute of Patriotism, who should labor to subvert these great Pillars of human happiness, these firmest props of the duties of Men and Citizens.”

And to quote Patrick Henry again, “Bad men cannot make good citizens . . . A vitiated state of morals, a corrupted public conscience, is incompatible with freedom.”

Yet, what do we see taking place all over America–including in the halls of government, the boardrooms of business, and the sanctuaries of churches? An almost complete and total breakdown of morality. And by a breakdown of morality, I am referring to much more than sexual immorality.

Morality demands honesty and equity in judgment. Morality is selfless. Morality is humble. Morality is jealous over truth and justice. Morality would never jeopardize the future on the altar of the present. Morality does not place personal advancement above principle. Morality respects its heritage and honors its ancestors. And Morality gladly submits to lawful authority, especially divine authority.

But compare basic morality to the modus operandi of today’s governments, businesses, and churches.

Entire Article Here