Overview

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Videos

A video interview with Marc Faber: - Speaks on Economy: Mr. Faber is a forecaster an economist.  He is known for his accuracy as a forecaster and revered by BOL for his sage knowledge as an economist.  In this interview he gives great facts and predicts that the US WILL FAIL and go "Bust" IN 5-10 YEARS, he also says that Bernanke will continue to "print money like never before," that the US share of global GDP will decease as the former developing world (China, and India) will gain great percentages of world GDP and this will lead to a huge transfer of economic power in the world leading to geo-political tensions. 

Alex Jones on the Financial Crisis - in a Coast to Coast interview from September of '08 Alternative media activist Alex Jones discussed the pending economic collapse and its relation to the New World Order. Several years ago, he warned that banks were planning to artificially implode the subprime mortgages, and now we've seen that come to pass.

The Real News in Nov. of 2008 detailing what happened to the 1st $8.56 trillion in bailout money: The bailout has now reached $23.7 trillion

Articles

The Economy Too is A Lie: Paul Craig Roberts Writes - "Americans cannot get any truth out of their government about anything, the economy included.  Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over..."

Its Going to be a Rocky Road: By Chuck Baldwin - "America is on the verge of total financial collapse. By the end of this year, America's budget deficit will stand at around $2 trillion. The debt gap is many trillions more than that. But the nail in the coffin for America's fiscal health will be the decision by China to dump the U.S. dollar. Ladies and gentlemen, this will be the death knell for our financial stability (and a painful lesson in sowing and reaping)."

The Worst is Yet to Come: Unemployed Americans Hunker Down for More Job Losses: From NY Daily News - "Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%"

US Financial Obligations Exceed Entire World's GDP: The total liabilities of the United States government, including future social security and medicare payments that the U.S. government is already committed to pay out, now exceed 65 TRILLION dollars, which is more than the entire GDP of the whole world.

The Dollar Collapses: From FORBS - The U.S. dollar reached its lowest point against the euro this year due to a myriad of forces including rising global stocks and commodities prices, low interest rates, and investors diversifying out of Treasury debt and into other assets including U.S. stocks with the Dow Jones industrial average approaching 9500 in late afternoon trading.

AIG Bailout Money Went to Foreign Banks: From CNN - The list released Sunday of "counterparties" that benefited from the bailout is topped by European banks Societe Generale and Deutsche Bank, which received $4.1 billion and $2.6 billion, respectively.

The FED Did Indeed Cause the Housing Bubble:  From Globalresearch.ca (I love that site) in response to Alan Greenspan's article "The FED Didn't Cause the Housing Bubble"

Trends Forecaster Gerald Celente Predicts US Has Entered Depression: Trends research analyst Gerald Celente, who has risen in prominence on the back of his deadly accurate economic predictions, says that the collapse of financial markets heralds the start of “The Greatest Depression”.

No Banker Left Behind Scheme: From Global Research - A detailed outline of where our money has gone back when the bailout cost a mere $12.7 Trillion 

Obama Wants To Control the Banks: An opinion article from the Wall Street Journal on why the government isn't accepting payback from the TARP money

Worldwide Depression - Review of Global Markets: By: Bob Chapman

Ron Paul on Glenn Beck on how the bankster bailout is unconstitutional: There is an infowars.com article that accompanies the video

Derivatives: The Mother of All Bubbles: This article from Money week in 2007 predicts the bursting of the derivatives bubble, which was the biggest factor in the collapse of the economy.

A Beginners Guide to Derivatives: So What are derivatives?  Here's a good article that serves as a derivatives 101

Can Credit Default Swaps Be Abolished?:  Credit Default Swaps are a type of derivative... in this article the author abbreviated Credit Default Swaps as CDS, which is essentially interchangeable with derivative

Why the Economic Destruction of America May Be Step One of A Global Banking Power Grab: Possible consolidation of world Banking powered by the economic crisis

A Mock Memo From Wall Street to Washington (or the FED): A good article that mainly lays out a brief history of how the FED and Washington created the financial crisis

Larry Summers Repealed Glass-Steagal Act So Citicorp Could Become Citigroup: By Cindy Sheehan

Who's to Blame for America's Financial Collapse:  Has some good information.

Sub-prime Mortgage Disaster - Loan Sharks Wreak Havoc On Main Street and Wall Street: How the sub-prime lending scheme worked

Bailed-Out Firms Have Offshore Tax Havens: The Washington Post reports that "Most of America's largest publicly traded corporations -- including several that are receiving billions of dollars from U.S. taxpayers to finance their recovery -- have set up offshore operations that could help them avoid paying U.S. taxes on their profits" according to a government study.

IMF Study of What Worked and Didn't Work in Past Financial Crises: Contradicts what we have done to fix our financial crisis