Depression

Warning: Using a mobile phone while pregnant can seriously damage your baby

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Flashback.

The damage that is done to the brain of children by smartphones/mobile phones is much worse than described here.

Much, much worse…

– Warning: Using a mobile phone while pregnant can seriously damage your baby:

Study of 13,000 children exposes link between use of handsets and later behavioural problems

Scientists found that mothers who did use the handsets were 54 per cent more likely to have children with behavioural problems and that the likelihood increased with the amount of potential exposure to the radiation

Women who use mobile phones when pregnant are more likely to give birth to children with behavioural problems, according to authoritative research.

A giant study, which surveyed more than 13,000 children, found that using the handsets just two or three times a day was enough to raise the risk of their babies developing hyperactivity and difficulties with conduct, emotions and relationships by the time they reached school age. And it adds that the likelihood is even greater if the children themselves used the phones before the age of seven.

Read moreWarning: Using a mobile phone while pregnant can seriously damage your baby

Melanoma (skin cancer) found to be easily prevented with low-cost Vitamin B3

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More info about the importance of vitamin B3:

– Dr. Andrew Saul: Nutritional Solution To Depression And Mental Illness (Video)

– High Doses of Vitamins Fight Alzheimer’s Disease (Dec 9, 2008):

Researchers at the University of California at Irvine gave the human dose equivalent of 2,000 to 3,000 mg of vitamin B3 to mice with Alzheimer’s. (2) It worked. Kim Green, one of the researchers, is quoted as saying, “Cognitively, they were cured. They performed as if they’d never developed the disease.”

*****

– Melanoma (skin cancer) found to be easily prevented with low-cost Vitamin B-3:

Researchers from the University of Sydney, Australia believe that nicotinamide (vitamin B3) can be used to prevent the incidence of melanoma, a deadly form of skin cancer. The study, published in Photodermatology, Photoimmunology, and Photomedicine, demonstrates the efficacy of vitamin B3 in reducing or even reversing DNA damage and inflammation caused by ultraviolet radiation. Authors of the review say that more research into the topic is necessary but conclude that should their data be further verified, it could lead to a cheap and potent solution to skin cancer.

The team noted that nicotinamide costs around $10 per month if taken at the recommended dosage of one gram a day. This is significantly less expensive than conventional cancer therapies, which usually include chemotherapy sessions and various forms of medications.

Read moreMelanoma (skin cancer) found to be easily prevented with low-cost Vitamin B3

Landmark study links pesticides to high depression rates

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– Landmark study links pesticides to high depression rates (Natural News, Feb 6, 2015):

Globally, one person dies by suicide roughly every 40 seconds. Around the world, over one million people commit suicide each year — an increase of 60 percent over the last four and a half decades. Incredibly, farmers have one of the highest rates of self-inflicted death.

Newsweek reports that suicide for farmers in the U.S. is about twice the average of the general population. However, this isn’t just a problem in America; it’s an international crisis.

“India has had more than 270,000 farmer suicides since 1995. In France, a farmer dies by suicide every two days. In China, farmers are killing themselves to protest the government’s seizing of their land for urbanization. In Ireland, the number of suicides jumped following an unusually wet winter in 2012 that resulted in trouble growing hay for animal feed. In the U.K., the farmer suicide rate went up by 10 times during the outbreak of foot-and-mouth disease in 2001, when the government required farmers to slaughter their animals. And in Australia, the rate is at an all-time high following two years of drought.”

Read moreLandmark study links pesticides to high depression rates

Antidepressant Drugs Cause Miscarriages, Birth Defects And Complications

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– Antidepressant drugs are murdering babies before they’re even born: SSRIs cause birth defects, miscarriages and complications (Natural News, Nov 1, 2012):

Big Pharma wants pregnant women to take prescription drugs, vaccine shots and even chemotherapy. It’s the latest insanity from an industry that kills more Americans ever year than died in the entire Vietnam War. And the latest science reveals that antidepressant use during pregnancy is causing babies to be born with physical defects — or sometimes not born at all because they’re miscarried.

This disturbing new science published in the journal Human Reproduction was authored by Dr. Adam Urato, obstetrician and chairman of the department of obstetrics and gynecology at MetroWest Medical Center in Framingham, Mass., and Dr. Alice Domar, a psychologist and assistant professor at Harvard Medical School.

The study shows drastically increased rates of birth defects in children who are exposed to SSRI drugs (antidepressants) while in the womb. The risk of miscarriages also skyrockets with antidepressant drug use during pregnancy.

Study author Dr. Urato is also warning that at least 40 studies now link SSRI use during pregnancy with pre-term births.

The abstract of the study lays out the findings in clear language:

Antidepressant use during pregnancy is associated with increased risks of miscarriage, birth defects, preterm birth, newborn behavioral syndrome, persistent pulmonary hypertension of the newborn and possible longer term neurobehavioral effects.

As The Telegraph reports:

Read moreAntidepressant Drugs Cause Miscarriages, Birth Defects And Complications

Collapse: US Labor Market Is In A Full-Blown Depression

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This is the ‘Greatest Depression’.

– Dr. Paul Craig Roberts: Collapse At Hand – Gold And Silver Price Manipulation

– Collapse: Record Number Of US Households On Foodstamps – 46,405,204 People At Or Below Poverty Level And Thus Eligible For Foodstamps, A 79K Increase In The Month

– Peter Schiff Exposes And Destroys Fed Chairman Ben Bernanke (Video) … ‘The Collapse Is Coming Soon’

– ‘THE END GAME’: ‘It Is The Big Reset’ – ’2012 And 2013 Will Usher In The End’ – The Scariest Presentation Ever?

– Collapse: Foreclosures Made Up 26 Percent Of U.S. Home Sales In First Quarter Of 2012

– Collapse: 100 Million Americans Don’t Have A Job!

– 1 In 3 Americans (100 Million People) Living Either In Poverty Or Just Above It

Flashback:

Jan 2011: Hiding The Greatest Depression: How The US Government Does It:

The real US unemployment rate is not 9.8% but between 25% and 30%. That is a depression level of job losses …

Aug 2010: Welcome to the Recovery (New York Times, by Timothy Geithner)

– The US Labor Market Is In A Full-Blown Depression (ZeroHedge, June 6, 2012):

Now that stocks are back to reflecting nothing more than expectations of how many times the Chairsatan dilutes the existing monetary base in a carbon copy replica of not only 2011 but also 2010… and 2009 (because contrary to what purists may believe, the only way to inflate away unsustainable debt in a growth-free economy is by destroying the currency), and manic pattern chasers have crawled out of their holes proclaiming the death of the bear market after a two day bounce, what is happening in the actual economy, no longer reflected by the market, has once again been pulled back to the backburner. Which is sad, because while ever fewer people reap the benefits of artificial, centrally-planned S&P rallies, the rest of the population suffers, and what is worse: hope for a quiet, middle-class life is now an endangered species. Nowhere is this more evident than in the following list from David Rosenberg which summarizes how, quietly, the US labor force slipped back into a full-blown depression.

From David Rosenberg:

One Sick Labor Market

There were so many disturbing elements to the May jobs data that we’re not sure we can do justice to the litany of disappointments (with some help from our friends at the Investor’s Business Daily):

Read moreCollapse: US Labor Market Is In A Full-Blown Depression

The US Has Finally Done It: Mexican Immigrants Become Emigrants

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– The US Has Finally Done It: Mexican Immigrants Become Emigrants (ZeroHedge, April 24, 2012):

You know its bad when…the net flow of Mexicans into the US has fallen so much that there is a high probability that it is now in reverse ending around forty years of inward migration. The Pew Hispanic Center notes that the standstill – after more than 12 million current immigrants have entered the US – more than half of whom are illegal – appears to be the result of many factors including a weakened US job and construction market, tougher border enforcement, a rise in deportations, growing dangers associated with border crossing, a long-term decline in Mexico’s birth rate, and changing (read perhaps more opportunistic) economic conditions in Mexico (especially if you work at WalMex). This sharp downward trend in net migration has led to the first significant decrease in at least two decades in the number of unauthorized Mexican immigrants living in the U.S. – to 6.1 million in 2011, down from a peak of nearly 7 million in 2007. In the five years from 2005 to 2010, about 1.4m Mexicans immigrated to the US – exactly the same number of Mexican immigrants and their US-born children who quit the US and moved back or were deported to Mexico. By contrast, in the previous five years to 2000 some 3m Mexicans came to the US and fewer than 700,000 left it. It will be interesting to see the spin that the Obama and Romney camps put on this hot-button topic as the ‘Dream Act’ turns into a nightmare and hardline anti-illegal immigration stances become, well, less relevant as Mexicans become Mexican’ts.

Among the report’s key findings:

Read moreThe US Has Finally Done It: Mexican Immigrants Become Emigrants

For First Time Since Depression, More Mexicans Leave U.S. Than Enter

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– For first time since Depression, more Mexicans leave U.S. than ente (Washington Post, April 24, 2012):

A four-decade tidal wave of Mexican immigration to the United States has receded, causing a historic shift in migration patterns as more Mexicans appear to be leaving the United States for Mexico than the other way around, according to a report from the Pew Hispanic Center.

It looks to be the first reversal in the trend since the Depression, and experts say that a declining Mexican birthrate and other factors may make it permanent.

You Ain’t Seen Nothing Yet – Part Two

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– You Ain’t Seen Nothing Yet – Part Two (ZeroHedge, April 3, 2012)

See also:

– You Ain’t Seen Nothing Yet – Part One (ZeroHedge, April 2, 2012)

The Rebellion Has Begun: Spain’s Sovereign Thunderclap And The End Of Merkel’s Europe

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– Spain’s sovereign thunderclap and the end of Merkel’s Europe (Telegraph, Mar 5, 2012):

The Spanish rebellion has begun, sooner and more dramatically than I expected.

As many readers will already have seen, Premier Mariano Rajoy has refused point blank to comply with the austerity demands of the European Commission and the European Council (hijacked by Merkozy).

Taking what he called a “sovereign decision”, he simply announced that he intends to ignore the EU deficit target of 4.4pc of GDP for this year, setting his own target of 5.8pc instead (down from 8.5pc in 2011).

In the twenty years or so that I have been following EU affairs closely, I cannot remember such a bold and open act of defiance by any state. Usually such matters are fudged. Countries stretch the line, but do not actually cross it.

Read moreThe Rebellion Has Begun: Spain’s Sovereign Thunderclap And The End Of Merkel’s Europe

Ireland: Psychiatrist Dr. Moosajee Bhamjee Calls For Lithium To Be Added To Water

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See also:

– And Now: Lithium – The Next Fluoride – To Be Added To Your Drinking Water For Mental Health (Mind-Control)

For the many ‘benefits’ of fluoride see the links below.

Some history: Fluoride: A Chronological History

– Psychiatrist calls for lithium to be added to water (Irish Times, December 2, 2011):

A consultant psychiatrist last night called on Government to add lithium salts to the public water supply in a bid to lower the suicide rate and depression among the general population.

At a mental health forum on “Depression in Rural Ireland” in Ennistymon, Co Clare, Dr Moosajee Bhamjee said that “there is growing scientific evidence that adding trace amounts of the drug lithium to a water supply can lower rates of suicide and depression”.

Lithium is used by doctors as a mood stabiliser in the treatment for depression.

Dr Bhamjee said: “A recent article in the British Journal of Psychiatry found the beneficial uses of lithium when it was added to the water supply in parts of Texas.”

He said the Government should consider a pilot project for a town in Ireland where lithium salts could be added to the water in very small doses and examine the results.” He said there was already strong precedent for governments intervening in the operation of public water supply for health benefits by adding fluoride.

Read moreIreland: Psychiatrist Dr. Moosajee Bhamjee Calls For Lithium To Be Added To Water

Red Level Alert America: THEY WANT US DEAD!

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See also:

– Independent Scienctist Leuren Moret: New World Order – Depopulation Agenda – Genocide (Video)

– THEY WANT US DEAD! – Red Level Alert America (The Intel Hub, Sep. 30, 2011):

While we are all focusing on the coming financial collapse, as bad as that is something much more sinister is in the works.

It’s very subtle if you are not paying attention.  But, to the aware, it’s blatant, insidious, and just as horrific as Hitler’s Germany.

There is a small group of the world’s banking elite who have worked for a few hundred years with ingenious precision and unlimited money, to corral, coerce, and conquer every country of value on earth.

For people who are normal and not rabidly greedy, it’s hard to fathom the idea of anyone trying to get control of the whole world, and taking a chunk of every measure of value traded between its people.  What’s even harder to grasp is that they will stop at nothing to do it.  And I mean nothing! Look around you!

Read moreRed Level Alert America: THEY WANT US DEAD!

The Greatest Financial Collapse In World History Has Officially Begun

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– The Great Collapse Has Officially Begun (ZeroHedge, Aug 20, 2011):

I’ve been warning of this for well over two years. My primary warnings were:

  • 1)   That 2008 was just a warm-up
  • 2)   That the REAL Crisis had yet to unfold
  • 3)   That the REAL Crisis would make 2008 look like a picnic

Well, the period I’ve been warning of is now here.  What’s happening right now is not just a market crash, bear market, deflation, or any other item related to just one asset class.

Instead, this is a collapse of the entire US monetary and political system and the mentality of spending one’s way to wealth.

For 80+ years, the US has operated under a crony capitalist system in which politicians dole out political and economic favors to the chosen few whose bribes/donations funded their campaigns.

Read moreThe Greatest Financial Collapse In World History Has Officially Begun

Recessionspotting: ‘You Are Here’ (Translation: we are on the verge of the biggest deflationary market collapse since the 1930s, which will, inevitably, be followed by the most powerful (read fiat dilutive) central bank response in history.)

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– Recessionspotting: “You Are Here” (ZeroHedge, Aug 13, 2011):

Now that even the likes of Joe LaSagna are starting to throw out the R-word about as casually as they did a 4% 2011 GDP target as recently as 2 months ago, it is becoming increasingly clear that the market is pricing in the fact that post a few more historical BEA revisions, the prior two real GDP reads will end up having been, shockingly enough, negative, i.e., your garden variety recession. So where does that put us on a market performance continuum, for those wishing to extrapolate how much further stocks and, yes, bonds (because credit is and always has been a far better indicator of objective market reality) have to drop before we hit the proverbial floor. Well, according to Morgan Stanley, quite a bit lower: “Despite the recent decline in risk assets, we do not believe that recession is in the price. Exhibits 3 and 4 show the typical declines in developed market risk assets in recession. Compared to corrections in past recessions, S&P prices and corporate credit spreads would have more to go, though spreads are starting from a higher level than typically precedes recessions.” What is startling is that should central planners lose all control (and with central bank intervention upon intervention, one can argue that should all artificial props be removed, the market really ought to plunge in a Great Depression-style tailspin), the drop from the April 29 peak to the bottom will be roughly 4 times greater… which means the S&P would hit the proverbial “S&P 400” which is the long-term target of the likes of some more popular skeptics such as Albert Edwards and Russell Napier. As for credit: watch out below.

Equities:

and Credit:

And completing the pain, again from Morgan Stanley:

Read moreRecessionspotting: ‘You Are Here’ (Translation: we are on the verge of the biggest deflationary market collapse since the 1930s, which will, inevitably, be followed by the most powerful (read fiat dilutive) central bank response in history.)

Ron Paul 2008 Flashback (Stock Market And Monetary System On The Verge Of Collapse)

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Now there is NOTHING left and all those taxpayer looting bailouts and the useless stimulus package made things much worse.

This is the Greatest Depression and the greatest financial collapse in world history is near.

– The No.1 Trend Forecaster Gerald Celente: Collapse – It’s Coming! Are You Ready? (06/14/2011)


YouTube Added: 21.01.2008

When a country embarks on deficit financing (Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.
– Ron Paul

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul

Mike Krieger of KAM LP Explains Why QE 3 Will Merely Keep The Lights On – ‘The Stampede Is Yet To Come. But Come It Will.’

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– Mike Krieger Explains Why QE 3 Will Merely Keep The Lights On (ZeroHedge, July 8, 2011):

From Mike Krieger of KAM LP

“Whenever the economic life of a nation becomes pre¬carious, the central government is forced to assume additional responsibilities for the general welfare.  It must work out elaborate plans for dealing with a criti-cal situation; it must impose ever greater restrictions upon the activities of its subjects; and if, as is very likely, worsening economic conditions result in polit¬ical unrest, or open rebellion, the central government must intervene to preserve public order and its own authority. More and more power is thus concentrated in the hands of the executives and their bureaucratic managers. But the nature of power is such that even those who have not sought it, but have had it forced upon them, tend to acquire a taste for more. “Lead us not into temptation,” we pray — and with good reason; for when human beings are tempted too enticingly or too long, they generally yield. A democratic constitu¬tion is a device for preventing the local rulers from yielding to those particularly dangerous temptations that arise when too much power is concentrated in too few hands.”
– Aldus Huxley, Brave New World Revisited

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. …He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist.”
– Marcus Tullius Cicero (106 BC—43 BC)

QE3:  It Will Merely Keep the Lights On

This is a piece that has been festering in my head for quite some time now and I was waiting for the right moment to pen it.  That time is now.  In some ways The Bernank made a huge mistake by not launching QE3 right away when he had the chance.  Now don’t get me wrong, I am not in favor of any of this nonsense and I think The Bernank’s profession needs to go the way of the dodo bird, but I mean from the perspective of a Central Banker I think he made a big mistake by taking a breather from at least the printing and manipulations that they admit to.  The reason I say this is because up until the last month or so The Fed had been essentially telling the American sheeple that all was under control and that since The Bernank had studied the Great Depression and Japan he could save us from all the mistakes that were made back in those less enlightened times.  The Fed was saying that they could pull off the equivalent of preventing a serious hangover for someone that chugged an entire bottle of tequila.  They basically claimed to have found a way to break the laws of the universe.

Unfortunately for them, the cruel forces of reality have intervened and proven that they actually did not figure out how to change the immutable laws of physics.  This truth became abundantly clear at The Bernank’s most recent press conference (which if he is smart will be his last) where it became all too clear that even he comprehends on some level that his theories and in fact his entire life has been a complete waste of time and energy.  That would be ok if he were confined to some University lecture hall; however, his lunacy was unleashed on the entire planet and we will all suffer the dire consequences of it for many years to come.  He has basically shoved another bottle of tequila down the throat of the already passed out drunkard and now he not just unconscious but is DYING.

Read moreMike Krieger of KAM LP Explains Why QE 3 Will Merely Keep The Lights On – ‘The Stampede Is Yet To Come. But Come It Will.’

The No.1 Trend Forecaster Gerald Celente: Collapse – It’s Coming! Are You Ready? (06/14/2011)

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See also:

– The No.1 Trend Forecaster Gerald Celente’s Dire Warning For The World

– Urban Danger (Free Documentary) – Congressman Warns: ‘Those Who Can, Should Move Their Families Out of the City’

If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York Post

When CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline News

There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
– CNBC

Those who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street Journal

A network of 25 experts whose range of specialties would rival many university faculties.
– The Economist

KINGSTON, NY — Everything is not all right. And things are going to get worse… much worse. The economy is on the threshold of calamity. Wars are spreading like wildfires. The world is on a razor’s edge.

Not so, say world leaders and mainstream media experts. Yes, there are problems, but the financiers and politicians are aware of them. Policies are already in place and measures are being taken to correct them.

Whether it’s failing economies, intractable old wars or raging new wars, the word from the top always maintains that steady progress is being made and comforts the populace with assurances that the brightest minds and the sharpest generals are in charge and on the case. On all fronts, success is certain and victory is at hand. Only “patience” is required … along with more men, more time and more money.

As far as these “leaders” and their media are concerned, the only opinions that count come from a stable of thoroughbred experts, official sources and political favorites. Only they have the credentials to speak with authority and provide trustworthy forecasts. That they are consistently, if not invariably, wrong apparently does nothing to diminish their credibility.

How can any thinking adult possibly imagine that the same central bankers, financiers and politicians responsible for creating the economic crisis are capable of resolving it? Within days of its announcement, we predicted that Bush’s TARP (Troubled Asset Relief Program) was destined to fail, and subsequently predicted the same for Obama’s stimulus package (The American Recovery and Reinvestment Act). They were no more than cover-ups; there would be no recovery.

Meet the New Plan, Same as the Old Plan

Read moreThe No.1 Trend Forecaster Gerald Celente: Collapse – It’s Coming! Are You Ready? (06/14/2011)

Market Strategist: ‘We’re on the verge of a great, great depression. The Federal Reserve knows it.’

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… and created it, together with the government, following orders from their elite masters.

Again, this is the ‘Greatest Depression’.

– Wall Street Baffled by Slowing Economy, Low Yields: Trader (CNBC, June 1, 2011):

Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.

“What we’ve got right now is almost near panic going on with money managers and people who are responsible for money,” he said. “They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.

“We need to find real yield and real returns on these assets. You see bad data, you see Treasurys rally, you see all bonds and all fixed-income rally and then the people who are betting against the U.S. economy start getting bearish on stocks. That’s a huge mistake.”

Stocks extended losses after the manufacturing fell below expectations in May and the private sector added only 38,000 jobs during the month.

“Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything,” Yastrow said. “We’re on the verge of a great, great depression. The [Federal Reserve] knows it.”

Read moreMarket Strategist: ‘We’re on the verge of a great, great depression. The Federal Reserve knows it.’

US House Prices Have Now Fallen More Than They Did During The Great Depression

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– Falling Home Prices Hit Big Banks, Fannie, Freddie (CNBC, 31 May 2011):

Home prices began double-dipping months ago, but now that S&P/Case Shiller has chimed in, it really must be so.

This report is the most widely-followed home price index, equally quoted in bank boardrooms, Treasury Department back rooms, and Congressional Committees.

The report finds home prices in Q1 of this year are now 2.9 percent below the previous quarterly bottom in Q1 of 2009, effectively giving up all the gains of the past few years, which were of course fueled by the home buyer tax credit.

“Just about everybody agrees we’re going to miss the seasonally strong period in 2011, which we should be at the very beginning of right now with May, but nobody thinks that will make any difference,” says S&P’s David Blitzer. “Everybody’s now keeping their fingers crossed for 2012 and wondering whether people just don’t want to own homes anymore.”

Keeping your fingers crossed for the housing market is just the tip of the iceberg. Prices have now fallen, on this index, more than they did during the Great Depression. “On that occasion, the peak in prices was not regained until 19 years after they first fell,” notes Paul Dales at Capital Economics.

Read moreUS House Prices Have Now Fallen More Than They Did During The Great Depression

John Williams: The Great US Collapse Nears

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Walter J. “John” Williams was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies.

John Williams of Shadowstats.com:

The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression. Such will encompass a complete collapse in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system as we know it; and a likely realignment of the U.S. political environment.”

“Outside timing on the hyperinflation remains 2014, but there is strong risk of the currency catastrophe beginning to unfold in the months ahead. It may be starting to unfold as we go to press in March 2011, but moving into a full blown hyperinflation could take months to a year, beyond the onset, depending on the developing global view of the dollar and reactions of the U.S. government and the Federal Reserve.

Read moreJohn Williams: The Great US Collapse Nears

US Poverty Levels Equal to the 1930s For Some 16 Percent Of The Population

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“When a country embarks on (record) deficit financing (Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

The other 93% will be destroyed in the coming greatest financial collapse. (1% will get richer.)

This is the Greatest Depression.

Wall Street at least temporarily relieved of the burden of having to buy Treasuries & Agency bonds, is looking at the jump in oil prices as nothing more than an irritant to their plans for a higher market. Bill Dudley of the NY Fed, a most powerful member, continues to make a vigorous defense of Federal Reserve policies. He, and a few other Fed participants, and Chairman Bernanke believe liquidity is the key for solving problems. That is not only in the realm of debt purchases, but in the relief it brings to Wall Street and banking. It relieves them of the responsibility of having to make those purchases to assist the Fed. Those funds can then be directed toward other investments, such as la liquidity-driven stock market rally. The correlation between the movements in the Fed balance sheet and market can be traced to 85% of market movement for the past 2-1/2 years. An interesting result of Fed manipulative policy is low level of short interest during this period. Most of the professional market players knew the market was headed higher, because they knew such overwhelming liquidity injections would have to take it higher.

They also knew that the Fed had to keep the wealth affect going, because the market was the only generator of wealth left, as the bond market bubble would be broken eventually. The Fed has engineered a market recovery and Wall Street knew what they were up too. QE1 saved the financial community and QE2 saved the government debt structure at least temporarily. The wealth effect has been saved temporarily as well. The public has been left with a pile of crumbs as they struggle for survival. Unemployment has improved ever so slightly and now we have a new problem to increase the suffering and that is much higher oil prices.

Read moreUS Poverty Levels Equal to the 1930s For Some 16 Percent Of The Population

Eric Sprott on Silver: ‘THERE IS NOTHING LEFT’

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And this is the Greatest Depression!

Eric Sprott made an appearance at Casey Research Gold and Resource Summit where in addition to providing a succinct summary of all his monthly letters from the past year, whose forecasts are all gradually panning out, he spoke about the prospects for gold, and particularly silver.

We will leave it to readers to parse through the brief must watch clip, but here is the punchling for those wondering why increasingly more distributors are reporting indefinite lack of physical silver inventory:

“There’s $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half… Which means there’s nothing left.”

Submitted by Tyler Durden on 02/23/2011 15:05 -0500

Source: ZeroHedge