Economic Depression is Coming!
The long-term economic situation is progressively declining!

By David J. Stewart | January 25th, 2008

Don't be fooled! — It's inevitable — a person does not have to be an economist with a college education to understand what's going on in America.  Our politicians are recklessly spending money BORROWED from the Federal Reserve Bank (which is neither federal, nor has it any reserve gold to back the money).  To really get mad, listen to G. Edward Griffin's THE CREATURE FROM JEKYLL ISLAND (Google presentation).  OUR government is wildly borrowing money in OUR name, and sticking us with the debt!  To get an idea of how bad the situation really is, read my article U.S. Department of LIARS!  American CITIZENS are being victimized by the powers that be; namely, the vile banking cartel and the shyster politicians in Washington D.C. 

Then there's the illegal alien situation, which is placing undue horrendous burdens upon America's CITIZENS, who are being billed for all the social handouts to these criminals who have been welcomed into our country by the Godless, Benedict Arnold, cut-throat politicians in Washington D.C.!  The United States is being SUBVERTED from within!

As if that weren't bad enough, tens-of-millions of AMERICAN JOBS have been transferred overseas, to exploit cheap labor and avoid labor laws, OSHA regulations, and unions.  Yet these "American" companies reside in AMERICA!  These woeful evils are undermining America!!!

"From now on, depressions will be scientifically created."
— Congressman Charles A. Lindbergh Sr., 1913 

Here's the latest bad news on our economy...

Bernanke to the rescue as stocks fall

BY KENNETH R. BAZINET | DAILY NEWS WASHINGTON BUREAU

Friday, January 18th 2008, 4:00 AM

WASHINGTON - As Federal Reserve boss Ben Bernanke trudged to Capitol Hill to assure lawmakers and Americans the central bank will protect the sinking economy, panicky investors bolted for the exits Thursday, driving down the Dow another 307 points.

Hoping to stem the slide, President Bush Friday is expected to call for an economic stimulus spending package - expected to include tax cuts, tax rebates and credits up to $600, sources familiar with his thinking said.

But whether that plan or the Fed can reverse a relentless tide of bad economic news as the blue-chip index fell to 12,159 remains to be seen.

  • National unemployment, which was held in check throughout most of 2007, jumped in December to 5% from 4.7%. For New York City, the seasonally adjusted jobless rate hit 5.4% last month, according to the state Department of Labor - more than a full percentage point above recent lows.
  • The Dow has now sunk more than 2,000 points, or 14%, below its all-time high of 14,164.53 on Oct. 9 - fast approaching what Wall Street regards as a bear market. Tech stocks have given up all their gains from 2007, the dollar continues to slump against other currencies and even surging gold has been in a tailspin in recent days.
  • Financial companies continue to drown in losses from horrendous bets that have created the subprime mortgage crisis. Yesterday, Merrill Lynch posted its biggest-ever quarterly loss - $10 billion. Days earlier Citigroup posted its own quarterly loss of $10 billion, also a record for the nation's largest bank. And the crisis is being blamed for the nearly 5% decline in Wall Street bonuses in 2007.
  • Banks and brokerages have now written off more than $100 billion in bad mortgage debt, according to Bloomberg News, and many have been going hat in hand around the globe taking in foreign capital in preferential deals.
  • Oil prices topped $100 a barrel this month, and although prices have dropped some, experts say a long-term trend is set. Higher gas prices mean countless consumer products get more expensive.

Everyone from Bernanke to Bush to Sen. Chuck Schumer (D-N.Y.) agreed Thursday that the federal government must boost the faltering economy with a multibillion-dollar "stimulus" spending plan - or face a looming recession. "I think a fiscal stimulus package could be helpful in the current circumstances," the Fed chairman acknowledged.

SOURCE: Bernanke to the rescue as stocks fall

What a joke... a $600 credit for taxpayers?  Millions of people are losing their $250,000 homes!  U.S. citizens can't find a high-paying job anymore.  The "100 Billion" allegedly written-off by the banking cartel didn't cost them a penny, because the money lent was printed out-of-thin-air in the first place.  Those criminals print all the money that Washington D.C. politicians ask for, and then charge us interest on money they didn't even have to work, sweat or sacrifice to acquire!  This is the woeful evil of the Federal Reserve Scam — the bankers stay rich, the politicians stay rich; but American citizens are increasingly becoming poor. 

Do you know why oil prices are so high?  It's because the New World Order [NWO] gang is selling Iraq's stolen oil at a high cost to finance world takeover (money = power). 

Something evil is headed this way.  I predict, simply by following the news, that the New World Order gang is just getting started with this fictitious War On Terror.  It's so obvious.  This "war" has no identifiable enemy, has no headquarters, and randomly pops up here and there to do damage.  Its the perfect psychological enemy — a war that cannot be won — being used to SCARE people into submission to the Godless NWO's global totalitarian government!  The History Channel and others are pushing for some "big event" in 2012, even suggesting the end of the world.  One thing is clear to me, the Devil's crowd WILL make something happen in 2012!  I am not prophesying, for there are NO such prophecies being given by God today.  Hebrews 1:1,2 states that God speaks to us today only through His Son, i.e., through the Word of God (John 1:1-3; Revelation 19:13).  I am simply making predictions based upon my research and knowledge of history.  As the saying goes, "History always repeats itself."  Although the NWO is new, the utter ignorance and self-destructive pattern of mankind certainly is not.  People more than ever are like dumbfounded sheep.

The long-term economic situation in America is very bleak.  Good jobs are leaving for overseas.  TENS-OF-MILLIONS of illegal immigrants in the U.S. are willing to work for slave wages, while the federal government is raising minimum wage up to nearly $9 by 2010.  This will effectively FORCE small companies to hire illegal immigrants to keep their doors open.  The middle-class will disappear almost completely.  Healthcare quality will decrease, while insurance premiums continue to escalate upward.  Where will this all lead?

Personal Bankruptcies Hit Record High!

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