They call themselves ‘preppers.’ They are regular people with homes and families. But like the survivalists that came before them, they’re preparing for the worst.
Lisa Bedford is what you’d imagine of a stereotypical soccer mom. She drives a white Tahoe SUV. An American flag flies outside her suburban Phoenix home. She sells Pampered Chef kitchen tools and likes to bake. Bedford and her husband have two young children, four dogs, and go to church on Sunday.
Twenty-five US states are running out of federal funds to pay unemployment benefits to jobless Americans.
According to The Washington Post, currently 25 states have been forced to borrow USD 25 billion from the federal government to keep their unemployed a float.
The Department of Labor estimates that by 2011 some 40 states will have run out of employment money and will be in need of borrowing USD 90 billion from the federal government.
State authorities currently have two options: Raising taxes or shrinking aid payments.
By Bob Unruh
© 2009 WorldNetDaily
A little-discussed executive order from President Obama giving foreign cops new police powers in the United States by exempting them from such drudgery as compliance with the Freedom of Information Act is raising alarm among commentators who say INTERPOL already had most of the same privileges as diplomats.
At David Horowitz’s Newsreal, Michael van der Galien said the issue is Obama’s expansion of President Ronald Reagan’s order from 1983 that originally granted those diplomatic privileges.
Sherwood Ross writes: If Iraq war spending helped plunge the U.S. economy into its worst slump since the Depression, what does President Obama think his escalation of the Afghan war will do it?
Besides forcing taxpayers to cough up fresh billions to enable the Pentagon to chase down a few hundred Taliban fighters, the Afghan war is liable to continue to inflate oil prices—and this means more than the ongoing swindle of motorists at the pump.
Higher oil prices also slow the global economy, causing our trading partners to buy fewer Made-in-USA goods, thus reducing demand for our products and leading to layoffs.
With 2009 coming to a close, I’d like to take a look back at the role that the big-picture environment has played in determining how currencies, and all financial markets, performed. And how that might change, or stay the same, in 2010.
For 2009, it was all about risk appetite. It was a tug-of-war between risk aversion and risk taking. This dictated what was happening with global currencies, stocks, bonds, commodities … all financial markets. And for most of the year that battle was clearly won by an increasing global appetite for risk.
Here’s how it played out …
If you read any economic, financial, or political analysis for 2010 that doesn’t mention the food shortage looming next year, throw it in the trash, as it is worthless. There is overwhelming, undeniable evidence that the world will run out of food next year. When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system. The US will experience economic disintegration.
