John F. Kennedy held a dinner in the White House for a group of the brightest minds in the nation and, at that time, he made this statement: This is perhaps the assembly of the most intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone.





House Democrats ‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’




Recession cut into employment for half of working adults, study says.




Double-Dip Recession Warning Signs are Everywhere! Batten Down the Hatches!



Outlook Turns Darker for US Economy- Sydney Morning Herald




BofE Rate Setter Fears New UK Recession



Nearly 1 in 3 First-Quarter Home Sales a Foreclosure Sold at Steep Discount




Central Banks Warn of New Crisis if Exit Left Too Late




And this from the Communist News Network...
China Slowdown Fears Hit Global Markets




It's Everyone for Themselves After Toronto Failure




Europe's Recovery Falters




Payrolls Drop by 125,000, Jobless Rate Falls




No Bucks, No Boom for The Fourth




New Data Shows US "Recovery" in Peril




Only a Government Bureaucrat...




U.S. is Unprepared for New Generation of Terror Bombs, Experts Say




Jim Sinclair’s Commentary
There is NO fiat currency that will remain a storehouse of value for what you have worked all your life for.

CBO says debt will reach 62 percent of GDP by year’s end By Michael O’Brien – 06/30/10 09:24 AM ET
The national debt will reach 62 percent of gross domestic product (GDP) by the end of this year, the nonpartisan Congressional Budget Office (CBO) said Wednesday.
The budget office said the debt will reach its highest percentage of GDP since the end of World War II. The jump is driven by lower tax revenues and higher federal spending in the recent recession.
And while the national debt would stabilize at 67 percent of GDP over the next decade if current law were maintained, extending tax cuts enacted during the administration of President George W. Bush and keeping growth in appropriations in line with inflation would mean that the debt would reach almost 90 percent of GDP by 2020.
By contrast, GDP has averaged "a little above" 36 percent per year over the past 40 years.
The report comes as President Barack Obama’s fiscal commission meets again on Wednesday to work on crafting solutions to reining in deficits and the debt over time.
More…





Jim Sinclair’s Commentary
Go to this link and review the beneficiaries of Bailout Funds, especially those that are NOT banks or financial Institutions.
http://bailout.propublica.org/list/simple








"In every government there necessarily exists a power from which there is no appeal, and which, for that reason, may be formed absolute and uncontrollable. The person or assembly in whom this power resides is called the sovereign or supreme power of the state. With us, the sovereignty of the Union is in the people." - Charles Pinckney, 1788