Tag Archives: Economic Collapse

$40 Billion Bank Settlement Was Actually Another Obama Redistribution Scheme

Posted on February 17, 2012 by DRenegade

The $40 billion bank settlement concerning home foreclosures has fine print that is just now being made public. This settlement will be repaid to the banks by the government so the American taxpayer is once again bailing out home mortgages … Continue reading →

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Greek police union wants to arrest EU/IMF officials

Posted on February 10, 2012 by DRenegade

Update: The Greek Government heads for a reshuffle as five cabinet members resign over tough austerity measures required to secure a €130bn bailout package, while PM Lucas Papademos warns that default would be “uncontrolled chaos”. The Socialist response for fiscal … Continue reading →

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Ever Wonder Why the Banks Are Paying No Interest on Savings Accounts?

Posted on February 6, 2012 by DRenegade

Anyone who still has money in a savings or money market account deserves the interest that they get paid. Along with the tax liability on the interest. As reported in the Stick a Fork in It: We Will Have to Pay … Continue reading →

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Another Perspective of Today’s Government Propaganda Report

Posted on February 3, 2012 by DRenegade

No one likes to be patronized. Or lied to. Or deliberately misled. So why is the Bureau of Labor Statistics publishing false data concerning unemployment? And then there is the remarkable stock market increase today (February 3, 2012) of 157 … Continue reading →

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Goldman Sachs Fears Massive European Bank Run

Posted on February 1, 2012 by DRenegade

“It’s only after we’ve lost everything that we’re free to do anything.” ― Chuck Palahniuk, Fight Club Goldman Sachs is concerned about a massive bank run across Europe, and is taking on very little risk as a result, according to a … Continue reading →

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What Is the Impact of the Federal Reserve’s Latest Statement?

Posted on January 28, 2012 by DRenegade

The extension of near zero interest rates by the Federal Reserve this week through 2014 is an act of desperation. The world’s economy is collapsing and the Fed has no tools left to counteract their failed fiscal policy. As explained … Continue reading →

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Tim Geithner Has Given America’s Treasure Away: the Secret European Bailout

Posted on January 26, 2012 by DRenegade

Chart from Zerohedge This chart shows how Tim Geithner is supporting the bailout of the European Union without any Congressional oversight. How much money has already been transferred? $614.4 billion in the past eight weeks. Remember the first stimulus giveaway … Continue reading →

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The True State of the Union: US Banks Have $248 Trillion in Notional Derivatives at Risk

Posted on January 25, 2012 by DRenegade

I know that the financial information presented in this article may be seen as just another piece of bad news to add the list. However, this may be the one article that explains the true gravity of our country’s financial … Continue reading →

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George Soros: At times like these, survival is the most important thing

Posted on January 23, 2012 by DRenegade

SOROS: OCCUPY TO TURN VIOLENT Billionaire George Soros is predicting protests by Occupy Wall Street will turn violent, while warning the U.S. financial system may collapse. In an interview with Newsweek writer John Arlidge, Soros reportedly said riots on the … Continue reading →

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Why Do You Have Still Have Money in a Bank?

Posted on January 21, 2012 by DRenegade

This will not be a long dissertation concerning the failed monetary policy of the United States, the theft of private property by Jon Corzine or the redistribution of privately held GM bonds to labor unions. Watch this short video and ask … Continue reading →

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How Much Longer Will the Dollar Be the World’s Reserve Currency?

Posted on January 21, 2012 by DRenegade

Bank holiday was considered by Obama in 2009 The following articles show a progression since late 2010 of countries abandoning the dollar (USD) as the world’s reserve currency. There are multiple reasons why the average American should be concerned: 1. … Continue reading →

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ON BANKS REFUSING CASH WITHDRAWALS – Ann Barnhardt

Posted on January 19, 2012 by DRenegade

I have received enough calls and emails on this within the last few weeks to A.) cause concern and B.) merit a post. People are having difficulty withdrawing cash from banks. I just received the SECOND call on this from … Continue reading →

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Will ABC Pick the Republican Presidential Nominee?

Posted on January 19, 2012 by DRenegade

ABC News is continuing its open support for the Obama administration. The Democrat Party and president Obama received 88% of all TV executives, writers and reporters in the 2008 election. In 2009, ABC aired a special for Obama and healthcare legislation in prime … Continue reading →

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Japan Will Help Bailout the European Union – Is Anyone Asking How?

Posted on January 19, 2012 by DRenegade

Japan is preparing to “lend” money to the International Monetary Fund (IMF) to help bailout the European Union. With want? The full faith and credit of Japan? Japan’s debt to GDP ratio is over 200%. Their economy was in shambles … Continue reading →

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“Turmoil in European still has the potential to trigger a global financial crisis”

Posted on January 17, 2012 by DRenegade

World Bank Cuts Global Growth Forecast The World Bank cut its global growth forecast by the most in three years, saying that a recession in the euro region threatens to exacerbate a slowdown in emerging markets such as India and Mexico. The … Continue reading →

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