Fight Club • Our Great Depression

Joey Quits

Joey Quits

Obama's Coming Depression of 2013

Republicans, you are so lucky Romney lost! The economy is going down the drain in the next four years. Let that ass Obama and his sicko Democrap party take the blame!

Already scheduled now under current law in 2013 is the expiration of those Bush tax cuts, which President Obama has refused to renew for single workers making over $200,000 a year, and couples making over $250,000. Also scheduled to go into effect in 2013 under current law are all the tax increases of Obamacare. Together, these job killing tax policies would result in a sharp increase in the tax rates on the nation's small businesses, job creators, and investors for virtually every major federal tax.

These taxpayers would see their income tax rates jump by nearly 20%, the capital gains tax rate increase by nearly 60%, the total tax rate on corporate dividends increase by nearly three times, their Medicare payroll tax rate increase by 62%, and the death tax rise from the grave with a 55% rate. This would go way beyond the outdated Obama talking point about returning to the Clinton tax rates, adding up to a top federal tax rate of 44.8% on wage income alone, besides all the tax increases on capital income, on the way up to a 62% top federal tax rate.-The Coming Crash of 2013

Black Friday Riots Preview of Civil Unrest to Come?

If Americans will trample one another just to save a few dollars on a television, what will they do when society breaks down and the survival of their families is at stake? Once in a while an event comes along that gives us a peek into what life could be like when the thin veneer of civilization that we all take for granted is stripped away. For example, when Hurricane Sandy hit New York and New Jersey there was rampant looting and within days people were digging around in supermarket dumpsters looking for food. Sadly, "Black Friday" also gives us a look at how crazed the American people can be when given the opportunity. READ MORE: Are Black Friday Riots A Preview Of The Civil Unrest That Is Coming When Society Breaks Down?

Surviving The Coming Years In North America, Europe & The Rest Of The World

The Ugly Stepsisters

Name that country: surging debt, a rapidly falling currency, a sclerotic political system, and a central bank pulling out all the stops to revive a stagnant economy.

If you guessed either Japan or the United States, both would be the correct answer. This week, the similarities between two of the world’s economic heavyweights became more apparent, with both starting to resemble ugly twin sisters. Read More: Economic Woes Turn US, Japan Into Ugly Stepsisters

20% Market Slide?

Marc Faber warns of 20% market plunge- The Swiss investment analyst and entrepreneur spoke with Fox Business Network on what to expect from the markets during a second Obama term and about the impending fiscal cliff. “I think from the peak the market will drop at least 20%. I think we will revisit the lows of June at 1,266 on the S&P.” On the markets’ reaction to the election he added, “I’m not surprised the market is selling off because technically the market was weak already for a couple of months and we are in a downtrend and Mr. Obama’s economic policies are obviously not very good for an economic expansion.” Read more:Why Marc Faber Predicts A 20% Market Slide

Austerity and Low Wages will Lead to Years of Recession

MREs

MRE info

Eating A Military MRE...

The Next Crash

Anyone who thinks the U.S. is in recovery should stop listening to the mainstream media and listen to John Williams. He heads up http://www.shadowstats.com/, and is one of the few economists who crunches the numbers to give unvarnished true statistics. Adjusted for real inflation of about 7%, Williams says, "GDP has plunged, and we have been bottom bouncing" ever since the financial crisis started. Williams says, "The next crash will be a lot worse (than 2008) because it will push us into the early stages of hyperinflation." He predicts this will happen "by the end of 2014" at the latest. Long before 2014, Shadowstats.com thinks there is a good chance of "panic selling of the U.S. dollar," if the Federal Reserve starts another round of money printing (QE3) to save the system and the big banks. No matter what Williams predicts, "There will eventually be a crisis to bring the system down as we know it. . . . We're on the brink." According to Williams, "at some point, you will see a new currency in the U.S." The founder of Shadowstats.com sat down for a one on one interview with Greg Hunter to talk about the mathematical certainty of a systemic collapse in the not-so-distant future.-http://youtu.be/seBWlOMt2Tk

USAWatchdog.com

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