This is the entire story.

First the job losses must be stopped completely. Second, job creation must offer valid hope of returning to normal levels. Until then all talk of a sustainable economic recovery is economic propaganda.
A consumer based economy requires consumers, a fact not often discussed.






Obama giving black farmers $1.25 billion in reparations

Monday, February 22, 2010Text Size:
From Newsmax:Black farmers – possibly over 70,000 of them – will get cash payments and debt relief from the federal government totaling $1.25 billion, in reparation for alleged racial discrimination suffered under the Department of Agriculture’s loan programs, the Obama Administration has agreed.The president announced the deal on Thursday, applauding Agriculture Secretary Tom Vilsack and Attorney General Eric Holder for “bringing these long-ignored claims of African American farmers to a rightful conclusion.”Read full article...





I'm afraid were next...

Argentina Seizes Central Bank.





Time magazine: How Big is the Threat from Option ARMs?





FICO and the Credit Card Financial Prison: How a Three-Digit Credit Score Reflects Consumerism and Not Financial Independence





What Recession?

Boeing Sends More than 1,000 Layoff Notices





This is just a test to see if the Sheeplez are paying attention...ARE YOU???

Citigroup Warns Customers it May Refuse to Allow Withdrawals





Fastest Shrinking Restaurant Chains





This is EXACTLY what the mainstream media did during the depression...Don't fall for it, Protect yourself A.S.A.P.

Poll: Economists See "Healthy" Expansion Underway. (Cheery folk, those mainstream economists. They almost always look on the bright side...)





Millions of Unemployed Face Years Without Jobs





Here's the 100 TRILLION DOLLAR Question...

So Where Did All The Money Go?





They get rid of this guy and replace him with ...Guess who... A former Goldman sacks buddy.

Is it any wonder? Goldman sold secret derivatives to Greece to help them hide their dept...

Greece Changes Chief Debt Manager as Pressure Grows







Atleast California wasn't first to completely fall... but next inline.



Jim Sinclair’s Commentary
Every state of the USA and every state of the EU will be bailed out by one method or another. The effect will be "QE to Infinity" in the Western world.
‘Doomsday is here for the state of Illinois’ It will take a massive tax increase — and $2 billion more in cuts — to reach solvency, group says February 22, 2010 BY DAVE McKINNEY Sun-Times Springfield Bureau Chief
SPRINGFIELD — To become solvent, the state must enact the largest tax-increase package in Illinois history, whack another $2 billion from already starved government programs and wrest major financial concessions from the state’s unionized work force, a nonpartisan government watchdog contends.
In a new analysis of Illinois’ "horrific" finances, the Civic Federation lays out the painful choices awaiting Gov. Quinn and the Legislature as they stare down an epic $12.8 billion budget deficit that has choked the flow of state cash to public universities and schools, transit systems and social-service agencies to the point of economic collapse.
"Doomsday is here for the State of Illinois," said Laurence Msall, the organization’s president.
The Civic Federation recommends that the state income tax be increased from 3 percent to 5 percent for individuals, that retirees’ pension and Social Security checks be taxed for the first time at the same rate as workers’ paychecks, and the tax on cigarettes be raised by another $1 per pack. The group also favors getting rid of $181 million in corporate tax breaks.
Those tax increases, which would generate more than $8 billion, should come only if the state first can persuade its unionized employees to pay more toward their pensions and health care, cut pension benefits for new workers and reduce overall spending by $2.1 billion to 2007 levels. Medicaid programs and elementary and secondary schools would be spared from those cuts to avoid sacrificing federal stimulus dollars, Msall said.
More…