The New Depression?

[Michael]

An article entitled "Rising Unemployment: Obama Blames it on the Weather"

Blaming the weather is a bit out there. These people are really reaching to try and explain away with smoke and mirrors something that is absolutely and totally their fault: the continuing destruction of the private sector which actually creates wealth and jobs. The Democrats are going to keep on destroying this country until they are stopped. Replacing this Congress with Republicans in November is only a half measure. They conspired with the Democrats to pass NAFTA and GATT, which paved the way for exporting our factories to the Third World.

http://www.davidduke.com/general/ris...oyment-obama-b lames-it-on-the-weather_16936.html

[Michael]

An article entitled "America Going Bankrupt State by State"

A number of major American cities are also nearly bankrupt, including Obama’s home town of Chicago and the perpetual black-run basket case known as Detroit. The city authorities in Detroit have announced plans to shrink the size of the city by bulldozing large tracts of abandoned buildings and simply letting nature come back and take over, rather like what happened in White-built colonial cities in Africa when blacks took over and they more or less returned to the jungle.

We haven’t seen the worst of the Obama Depression, not by a long shot. Many of these bankrupt states and cities are going to be be forced to take the obvious step of cutting or abolishing the pensions for retired workers, leaving millions of people with just a few dollars per month, with much of their value inflated away by Obama’s runaway spending, leaving them with a cat food diet. White people need to wake up and take back America.

http://www.davidduke.com/general/ame...-bankrupt-stat e-by-state_17166.html

[Michael]

An article entitled "The coming wave of foreclosures"

Anyone who thinks the worst of the housing crisis is over had better think again. Nationwide, four million mortgage holders are at least 60 days behind in their payments. In the Indianapolis metro area, nearly 10 percent of “homeowners” are on the verge of default, being at least three months behind on their mortgage payments.

http://www.thepoliticalcesspool.org/...ds/2010/03/23/ the-coming-wave-of-foreclosures/

[Michael]

An article entitled "Illinois and Florida Follow California Down the Financial Drain"

California has been leading the nation as it bobsleds toward bankruptcy thanks to the crushing burden caused by millions of illegal aliens, not to mention the Obama Depression. Now it looks like Illinois and Florida are tied for second place in the race toward economic oblivion.

Florida is following California into bankruptcy. Both states are overrun with non-taxpaying illegals who have taken all the entry-level jobs. What’s happening is that Economics 101 is finally catching up with America. There are simply too few people paying the taxes and way too many people demanding government services. The parasites outnumber the producers and there’s no way to fix the problem that our current politicians are willing to do. Even the strongest animal in the forest eventually sickens and dies if it is covered from head to toe in fleas and ticks sucking its blood.

The solution to Florida’s unemployment problem is the same as the solution to California’s: The immediate arrest and forcible deportation of the illegal aliens who have taken millions of jobs from fast food jobs (that White teenagers used to do) to quota-hire jobs in the business world. Unfortunately, this common sense solution is unlikely to take place until the two-party system is removed from power.

http://www.davidduke.com/general/ill...florida-follow -california-down-the-financial-drain_17472.html

[Michael]

An article entitled "The American Recovery, Lots of Puff But No Substance"

Furthermore, there is a year's worth of housing that is so far been kept off of the books, by the mega banks, who see no reason to put it on market since they will not sell anyways. Foreclosures, though with all government programs, continue to increase both in quantity and dollar volume. Prices continue to fall or are kept from falling by artificial means. Even the level of new house construction is done by artificial $8,000 stimulus, that is a credit, which is cutting into already lowered tax revenues.

http://mat-rodina.blogspot.com/2010/...n-recovery-lot s-of-puff-but-no.html

[Michael]

An article entitled "The Economy Has Cancer"

All the recent “recovery” propaganda from the Obama regime and the liberal media has been intended to convince us that everything is fine and that we should all run out and start buying things again. There’s a serious problem however preventing this. The economy is not fine or normal. It’s been going downhill for years. The economy isn’t “sick” this time. The economy has “cancer”.

We no longer have the same United States that existed during the Great Depression. Back then, America was 90 percent White, and we still had enough sense to keep production and manufacturing right here in the US. Today, America is only about two-thirds White. After decades of nothing less than economic treason: outsourcing millions of jobs, building factories in Mexico and China and hiring large numbers of cheap Third Worlders into all our high-tech corporations undermining competence, the US economy is falling apart.

Ironically, the collapse of the US economy got started by a literally insane program started by ACORN lawsuits (that Obama participated in) to force banks to make special subprime loans to Blacks and Latinos with no downpayments, credit checks or even employment verification because (I kid you not) all those requirements were ruled “racist” and “discriminatory” by some crazy liberal federal judge.

http://www.whitecivilrights.com/?p=3551

[Michael]

An article entitled "Runaway Inflation Just around the Corner"

During the First Great Depression, the prolific liar FDR frequently told the American public that “prosperity is just around the corner”. Modern day liberals have been recycling that lie although they’re replacing “prosperity” with “the recovery”. As it turned out, the stock market did not regain its 1929 values until 1954, 25 years later. Today, we’ve got a real unemployment rate of about 20 percent, and Obama’s failed policies have spent trillions of dollars in his first 15 months, which must ultimately lead to runaway inflation.

The only reason more businesses are not jacking up prices -so far- is that we’re in a Depression, and higher prices will drive away consumers who are increasingly becoming penny-pinchers.

This is the beginning of runaway inflation. Ben Bernanke “printed up” huge amounts of new currency to deal with the financial carnage caused by the minority subprime mortgage disaster. But the thing is, as Ben Bernanke would know if he ever studied Economics 101, when you print endless amounts of money, you create sky-high inflation. Maybe that’s the plan. Maybe Bernanke does know what happens when you fire up the printing presses, and he just doesn’t give a damn.

In any event, for about the first year, the banks bounced all this new money around among themselves like a badminton bird, paying off each other’s bad paper. But now that new money is affecting the economy, and inflation is starting to hit, at the first place it always hits–wholesale prices. The inflated costs then get passed on to the consumer, everybody demands more and more money to buy the same amount of goods and services, and eventually we’ll turn into Zimbabwe. We’re definitely headed in that direction.

http://www.whitecivilrights.com/?p=3553

[Michael]

An article entitled "Banks Are Still Dropping Like Flies"

This is truly incredible news. 702 banks are on the problem list. And we’re on track to have 180 bank failures this year –assuming the failure rate doesn’t speed up. Kind of hard to spin that kind of news into a “recovery”.

Now the FDIC begins the usual procedure of flogging off these foreclosed banks and their assets to the immense whales of the financial industry. There will soon be not much more in banking besides several mega-banks in this country such as Bank of America, Chase Manhattan, Citibank and Wells Fargo.

This will make it much more easy for the Obama/Democrat socialist state to work hand in glove with the gigantic financial industry, although the question of who controls whom and whether the dog is wagging the tail or vice versa will always be a fascinating one.

In the meantime small savers and ordinary people aren’t losing their savings, thanks to the FDIC. In theory not, at least, although what that money will be worth in a few years or even a few months is open to debate.

http://www.davidduke.com/general/ban...ll-dropping-li ke-flies_17775.html

[Michael]

An article entitled "Oregon Schools Reduced to Four Day Weeks"

The desperate shortage of money on the state and local level due to the incompetence of Democrat rule is beginning to bite elsewhere in America besides the larger states like California and Florida with their record high unemployment, where the first alarming signs of a Depression occurred.

http://www.whitecivilrights.com/?p=3560

[Michael]

An article entitled "DOW Closes Down 347.8 in Wild Roller Coaster Session"

All the recent economic news has been horrific. Florida and California just announced record high unemployment. March was the worst month in history for foreclosures. There is no “Obama Recovery”. There is an “Obama Depression” and it’s getting worse.

http://www.whitecivilrights.com/?p=3598

[Michael]

An article entitled "America’s Faltering Economy"

The New York Stock Exchange on Black Thursday, October 24th, 1929 did not collapse in one big huge crash, thus immediately bringing on the Great Depression. There was a “sucker’s rally” after the initial crash. Eventually people realized that there wasn’t going to be a “Hoover Recovery” and then the real collapse began. The Stock Market did not fully recover until 1954, 25 years later. Back then, America was 90 percent White, and the main obstacle to prosperity was an inept and crooked federal government.

The stock market in 2010 is getting increasingly unstable. The colossal dead weight of 100 million Third World people currently in the US is a burden that did not exist in 1929, and which threatens our economy in the same way the economy of California is teetering on bankruptcy.

http://www.davidduke.com/general/ame...ering-economy_ 18056.html

[Michael]

An article entitled "Full Blown Depression Coming"

The economy has been plagued with extremely high unemployment for over a year. There has been a relentless stream of bad economic news: closures of companies like Saturn and Mercury, the continued drain on the economy from the occupations of Iraq and Afghanistan and the crushing burden from 20 million illegal aliens. If we deported these 20 million illegals at the first sign of trouble in 2007, there might have been a chance the economy would recover, but as usual the two party system won’t do anything to fix the most serious problems facing us. The United States of America is now headed for a full-blown Depression, and it’s getting closer by the month.

http://www.davidduke.com/general/ful...pression-comin g_18492.html

[Michael]

An article entitled "Few Jobs for College Graduates; 80 Percent Move Back Home"

Millions of people have their lives literally on hold for months if not years as Obama bungles the economy. Many college graduates have a $100k in student loans hanging over their heads. If some jobs do finally start materializing for college grads, remember that White people will have to wait for the Latino and Black quota-hires to get the first choice of jobs, and then several years of graduating classes will be competing against each other for whatever few jobs may turn up.

The damage which has been done to the entire American way of life by Barack Obama and the Democrats is immeasurable. From the apparently endless racial quota and Affirmative Action programs (which do nothing less than discriminate against us Whites based on our race) to the cancellation of the manned space program, which ends the dreams of many Whites that they might work on the first manned mission to mars or even to be the first astronaut to go to mars. Those days are gone. We are entering a period in which widespread poverty will be the norm. Going to college will seem increasingly pointless. Tent cities and shantytowns will increasingly surround the big cities of America, much like South Africa or Kenya. Perhaps it’s appropriate that we have a Kenyan president since we’re rapidly acquiring a Kenyan economy.

http://www.davidduke.com/general/no-...ollege-graduat es-many-stay-at-home_18562.html

[Michael]

An article entitled "The Mancession?"

The Obama Depression is disproportionately victimizing White males. This is now becoming so statistically obvious that even the Left is being forced to take notice and ponder the implications.

http://www.whitecivilrights.com/?p=3841

[Michael]

An article entitled "Actual unemployment is 22% says DailyFinance.com"

Over the past 55 years the Federal government keeps changing the definition of "unemployed" to keep the number down. An independent firm claims that 28% of all US households has at least one person looking for a job. This suggests that the rate of unemployed and underemployed individuals is 22%.

http://cofcc.org/2010/07/actual-unem...s-22-says-dail yfinance-com/

[Michael]

An article entitled "The Financial Meltdown Is Coming"

Twelve billion of that $26 billion was taken from the Food Stamps program by the way. (And that money needs to be repaid or the Food Stamps program will run out of money next year. Is this starting to sound like a laid off yuppie shifting debt from one credit card to another?)


This is the first federal bail out of the states –if you don’t count extending unemployment benefits, and there was barely a peep about it in the news. No one is bothering to ask why states like California need to be bailed out, which once again brings us back to the illegal alien problem, not to mention bloated, overpaid state bureaucracies.


It’s coming, folks. The Big Meltdown. And it’s coming faster than anyone expects.


Right now the regime in Washington will be pulling out all the stops to make sure that everything remains on an even keel until after the November elections like the emergency $26 billion bail out. What happens when California or Illinois just plain runs out of money and no one will lend them any more?


I used to think there never would be any one big crash as the whole tottering edifice of American corruption, waste, incompetence and greed came tumbling down. Now I’m not so sure. I think 2011 is going to be a very fun year for White people to watch, even if it’s from under a bridge as we grill up a possum over a campfire.

http://www.davidduke.com/general/the...-meltdown-is-c oming_18957.html

[Michael]

An article entitled "A Looming Market Crash: The Hindenburg Omen"

The real unemployment rate is about 20 percent. Foreclosures continue at a near-record pace with one million foreclosures predicted for 2010. We still have two pointless and unending wars despite Obama’s phony "withdrawal" from Iraq, which left 50,000 troops there. Americans are looking at a major tax increase beginning on January 1st 2011 as the Bush tax cuts expire. Illegal aliens are rapidly driving California toward bankruptcy, and millions of Americans will soon be forced to buy overpriced health insurance (or pay a yearly fine) thanks to the Obamacare mandate at a time when consumers need to be spending MORE money since the economy is 70 percent consumer driven. Now, what could cap off the total destruction of the American economy? I know! A STOCK MARKET CRASH!

Maybe it’s the Hindenburg Omen or maybe it’s the 20 percent unemployment plus the burden of supporting 100 million Third World people in the US, who take a lot more than they contribute in taxes.


Rush Limbaugh has a point about all this: The capital in the private sector has been largely depleted by 18 months of Obama rule, and the foundation of the whole Wall Street edifice is shaky. They got the casino back up and running courtesy of the trillion dollar bailout back in ‘09, but one good panic could bring the whole house of cards down and this time the only way to resuscitate it would be to pump more capital into the market, like hot air filling a balloon with a tear in it.


Of course running the presses is the fool’s solution to an unbalanced budget, destroying what little credibility the dollar has left. Obama and his collection of liberal extremists don’t seem to care and look like they’re all set to go down the road to Zimbabwe.

http://www.whitecivilrights.com/?p=4117

[Michael]

An article entitled "The US Economy on Life Supports"

There are a number of differences between the Great Depression and the Obama Depression. For one thing, back in the 1930s, the USA was a White country except for a small black minority that had no say in how things were run. In today’s America, the will of the White majority is completely ignored. White people want illegal immigration stopped and White people don’t want millions of "legal" Third World immigrants coming to America and flooding the job market. Neither of those concerns will be addressed anytime soon. Instead, Socialist and one-world goals will be imposed on America by the likes of Obama and a treasonous Congress.


America has 100 million Third World people, who take a lot more in government services than they pay in taxes. The state of California is literally going bankrupt due to the millions of illegal aliens, who have been welcomed into the state by liberal politicians against the will of most White people.


It took 25 years for the US to recover from the 1929 crash –and that was with a 90 percent White population. Today, one-third of the US is non-White, plus another 20 million illegal alien Mexicans. If we have a stock market crash similar to the 1929 crash in the near future, we are NOT recovering from that —unless we start expelling the gigantic Third World population. Millions of White Americans have already had their homes foreclosed, and there are more White people in tent cities every month. We’re already becoming a Third World nation, and only a major political upheaval can save the economy.

http://www.whitecivilrights.com/?p=4126

[Michael]

An article entitled "Bad Economy Hitting Las Vegas Hard"

There follows some drivel referring to “gambling revenues,” ignoring the fact that gambling is a completely non-productive addictive behavior, which tends to impoverish the working class and which takes a sizable amount of cash from a growing number of white collar workers, who should know better. Las Vegas has enhanced its appeal with numerous shows, magic acts and famous singers.

Nevertheless the article does make a valid point. A great many people are badly lacking in any kind of financial judgment or circumspection. Gambling trips to Vegas are only dropped as a last resort by many people. This is nothing less than a sure, undeniable sign that many people are just too broke to go to Vegas.

I was going to suggest that these people were saving their money instead of gambling it, but who am I kidding? The gambling addicts are either gambling in Vegas or dead broke at home.

There are however older couples and families who visit Las Vegas occasionally, and they may be canceling their trips and choosing to save money or pay off their mortgage as soon as possible –while they still have a job.

Americans are noted for addictive and self-destructive behavior, of which gambling is one of the foremost. So when Americans cease gambling, there is no more serious indication that Americans are in terrible financial shape and the Obama Depression is still here and will be lasting a long time.

http://www.davidduke.com/general/las...ps-out_19762.h tml

[Michael]

An article entitled "Tent City America "

A series of videos that puts the American Super Depression into stark reality, a reality that is hidden from world view as the American government continues to sell lies about its economic Summer of Recovery, in an ever more desperate attempt to sell unsellable debt.

http://mat-rodina.blogspot.com/2010/...ty-america.htm l