White House Bluster Hides Truth of the Failure of Obamanomics – Chicago Sun Times          “Everything But the Administration’s Own Policies Are Responsible for the Faltering Economy”

Will President Obama Put Ideology Or Jobs First? – Forbes                              Gee! Let Me Think About That

Manufacturing a Recovery – NY Times     “Our Economy Will Thrive Only When We Make What We Invent.”

Why Are Only Republicans Singled Out as Anti-Science? – Science 2.0      “Creationism Wins Votes – For Both Parties”

Escalation in Mexico – Miami Herald          You’ll Likely Hear More about Mexico and Its Problems Within the Next Few Days  “New Stage in Criminal Violence”

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By Jeff Berwick

There are countless reasons, which we’ve shown in our public and subscription-based writings over time, why gold is not in a bubble.

Aside from all the empirical data, however, probably the most obvious sign that gold is not in a bubble is the fact that the media and the government keep proclaiming it to be in a bubble.  The media and the government never see bubbles coming.

Just look at Mike Norman, Read More »

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U.S. Consumer Confidence Falls to Two-Year Low – Bloomberg

President Obama’s Uncle, Accused of Drunk-Driving, also Had a Valid Social Security Number and a Valid Driving License – Boston Herald          Not Bad for an Alleged Illegal Immigrant Ordered to Be Deported Back to Kenya!

For Millions, Recession Is the New Normal – Washington Post

Hurricane Irene’s Broken Windows – National Review

LaGarde: Telling World’s Bankers How It Really Is – Wall Street Journal     “Policy Makers Do Not Have the Conviction” to Take the Decisions Necessary to Meet the Crisis

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An American Policy of Decline by Design

By Peter Morici

Friday, forecasters expect the Labor Department to report the economy added only 67,000 jobs in August—my estimate is 63,000.  Either would be much less than the 130,000 the economy must create each month to stay even with adult population growth.

Overall, GDP and employment are growing more slowly than the population, and the private sector is much smaller than before the Great Recession—even with big Read More »

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By The Daily Bell

Much has been written and said about Obama, most of it less than courteous. People have accused him of much, some right, some wrong. The problem is that most citizens now consider him to be stupid because he keeps instituting repeat mistakes that failed on every level and in every way over and over again. Don’t underestimate him!

I don’t think he is stupid at all. Obama is a political Read More »

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Perfect Storm of Hype: Politicians, the Media and the Hurricane Irene Apocalypse That Never Was – Telegraph     “There Was Almost Palpable Disappointment Among the TV Big Guns Rolled Out for the Occasion

Ben Bernanke Delivers a Political Lecture – Wall Street Journal                        He Should Stick to His Day Job!

Does America Need Manufacturing? – NY Times     The Short Answer Is a Resounding YES!

For Obama More Storms on the Horizon – The Hill

Obama and His Rivals Duck the Entitlement Crisis – Washington Examiner

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By Alan Caruba

What major weather events and especially earthquakes tell us is that we live on planet Earth on its terms, not ours. Put another way, we don’t “control” the weather or climate and, despite decades of global warming lies, compared to the sun and oceans, we don’t even influence it.

The best definition of the weather is “chaos.” It will do whatever it wants to do.

By Friday on Fox News and Read More »

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Obama: Krueger to Be Key Adviser on Growth -Bloomberg

Obama and Merkel Vow Action on Global Economic Woes – Reuters/Yahoo     Now We’re Really in Big Trouble!

Big Banks: Under-Capitalized, Overexposed, Opaque – Big Picture

Warren Buffett and Other Anti-Rich Capitalists – Forbes     “America’s Prospects Will Improve When CEOs and Financial Capitalists Become Unapologetic, Ideological Capitalists”

Bernanke Talks Nice But Leaves Weak-Dollar Policy Intact - Fox News

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EDITOR’S COMMENT:  No, this isn’t about the power being lost as a result of Hurricane Irene. Rather, it is about the “Real Life Effects of a Prolonged Economic Downturn,” and includes a number of observations to help you become more prepared.

Examining the Real Life Effects of a Prolonged Economic Downturn

By Joel Bowman

Looking back (again), Addison Wiggin called it pretty well in advance in his “Hellish Financial Crisis” presentation. (Read More »

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