economy (8)

This is one of the most important Videos I have seen in a long time it explains what has been going on and how it is leading up to our demise that has been planned. Jerome Corsi a brilliant investigative reporter explains Bengasi and who did it, Syria, The back door plan for UN gun control, Obamas ties to the Muslim brother hood. How O was tied to the Kenya Massacre. What O has planned to do to America. He say's that the Economic implosion is the planned event that will take us down and the war with Syria is not over yet. Alex Jones is only on for a short time but he does lead Mr Corsi to answer some very important questions.http://www.infowars.com/youtube-blocks-video-linking-obamas-ties-to-kenyan-massacre/ NWO is coming soon.

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Politics, Legislation and Economy News

Economic News

Risk of US double-dip recession rises: S&P

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The odds the United States will slip back into recession next year have risen, ratings agency Standard & Poor’s said, citing risks from the European debt crisis and budget tightening at year-end.

The US ratings firm raised the chance of the US falling into recession to 25 percent, up from a 20 percent chance estimated in February, as the world’s largest economy struggles to recover from a severe 2008-2009 slump.

It also pointed to the looming possibility of the government being forced by existing law to severely cut spending and increase taxes on January 1, the so-called fiscal cliff that would crunch the economy.

“Economic activity has downshifted sharply from earlier this year,” S&P said in a report on North American credit conditions amid global uncertainty, dated August 20.

“At the same time, possible contagion from the European debt crisis, the potential so-called ‘fiscal cliff’, and the risk of a hard landing for China’s economy have added greater uncertainty to US economic prospects,” it said.

In the second quarter, the world’s largest economy grew at a 1.5 percent annual rate, a sharp slowdown from late last year as unemployment remained stuck above 8.0 percent.

S&P underscored concern about the impact of a recession in the 17-nation eurozone, whose economy contracted 0.2 percent in the second quarter. S&P forecast a 0.6 percent contraction this year.

“A double-dip recession in Europe that transmits financial turmoil to the US could push it into recession,” the agency said.

However, S&P said its baseline scenario for the US economy — remained “modest growth,” projecting a gross domestic product expansion of about 2.1 percent for this year.

S&P also said it expected that politicians would agree before year-end to change the current severe budget cut and tax hike mandates to avoid the fiscal cliff fate.

However, it said, “We do not believe the US and European economies will improve substantially in the next year.”

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Jim McCanney Emergency Alert

McCanney is very specific that he does not allow any copying and reposting of the content on his website.  He has an emergency alert posted at the top right now:  http://jmccanneyscience.com/, so you will have to go there to read it.

The title is:  Why The Gov't Has To Shut Off Your Electrical Power and his premise is that it is a way to control the masses when the economy collapses and civil unrest fills the streets of America.  He thinks comet Elenin is a tool of deception to manipulate those of the "alternative crowd."

McCanney used to be very vocal that Planet X was inbound but that changed.  Not sure if he has been compromised or not.  However, his alert is an argument against Elenin being a destructive force and all views should be considered. 

What do you think?

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Mike Ruppert: Prepare, Prepare, Prepare

In case you don't read the economy news, I wanted to bring this video to your attention.  It is a very dire warning ....

Mike Ruppert:  The Beginning Of Systemic Failure
Some notes:
Criminals feeding on the energy of collapse.....
11 policemen shot in 24 hours...police layoffs...buy guns
Prepare...Prepare...Prepare...
Food riots because food too expensive to buy; eventually none to buy
Fall of Egypt huge monkey wrench in world balance of power.  If Egypt falls, there goes the Suez Canal.   (We should all be scared sh*tless about what is going on in Egypt)
Gamal Mubarek, Hosni's son, left with 100 pieces of luggage...Tunisian gold?  If so, when the people find out it's all over for Egypt... looting the country = sign of them leaving
Now is the time to focus on preparing and local community...forget activism... it's too late
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