
Federal Spending in Trillions of Inflation-Adjusted Dollars-Perspective


Graham Hancock tells the story of his 24-year relationship with cannabis brought to an abrupt halt in 2011 after an encounter with ayahuasca, the sacred visionary brew of the Amazon. Along the way he explores the mystery of death, the problem of consciousness, and the implications for the human future of a society that wages total war on true cognitive liberty. Graham Hancock is the author of The Sign and the Seal, Fingerprints of the Gods, Keeper of Genesis, Heaven’s Mirror, Supernatural and other bestselling investigations of historical mysteries. His books have been translated into twenty-seven languages and have sold over five million copies worldwide. His public lectures and broadcasts, including two major TV series, Quest for the Lost Civilisation, and Flooded Kingdoms of the Ice Age, have further established his reputation as an unconventional thinker who raises controversial questions about humanity’s past. Hancock’s first venture into fiction, Entangled, was published in 2010 and his second novel, War God, on the Spanish Conquest of Mexico, will be published on 30 May 2013. Hancock maintains an active Facebook presence: http://www.facebook.com His website is: http://www.grahamhancock.com.
Submitted by Michael Snyder of The Economic Collapse blog,
Is “discretionary income” rapidly becoming a thing of the past for most American families? Right now, there are a lot of signs that we are on the verge of a nightmarish consumer spending drought. Incomes are down, taxes are up, many large retail chains are deeply struggling because of the lack of customers, and at this point nearly a quarter of all Americans have more credit card debt than money in the bank. Considering the fact that consumer spending is such a large percentage of the U.S. economy, that is very bad news. How will we ever have a sustained economic recovery if consumers don’t have much money to spend? Well, the truth is that we aren’t ever going to have a sustained economic recovery. In fact, this debt-fueled bubble of false hope that we are experiencing right now is as good as things are going to get. Things are going to go downhill from here, and if you think that consumer spending is bad now, just wait until you see what happens over the next several years.
continued …
http://www.zerohedge.com/news/2013-03-02/guest-post-16-signs-middle-class-running-out-money
When two weeks ago we exposed the heretofore secretlocation of JPM’s London gold vault (located under the firm’s massive L-shaped office complex at 60 Victoria Embankment) we thought: what about New York? After all, while London is the legacy financial capital of the “old world“, it is New York that the biggest private wealth of the past century is concentrated, and it is also New York where the bulk of the hard assets backing the public money of the world’s sovereigns are located, some 80 feet below ground level in the fifth sub-basement of the New York Fed, resting on the bedrock of Manhattan.
Continued …
Today is the day when, if one listens to Obama whose idea it was in the first place, an unprecedented $85 billion spending cuts will be sequestered, unleashing famine, pestilence, the apocalypse and grizzly bears as all park rangers will be dead from starvation. Which is why we applaud the administrations desire to preempt this tragic for the nation outcome, by issuing, in one day alone: February 28, $80 billion in Treasurys sending debt to obviously what is a new all time high $16,687,289,180,215.37.
Continued …
http://www.lewrockwell.com/rep4/hot-to-disarm-citizens.html
Sent from my iPad
Authored by Michael Snyder at The Economic Collapse blog,Is the U.S. economy about to experience a major downturn? Unfortunately, there are a whole bunch of signs that economic activity in the United States is really slowing down right now. Freight volumes and freight expenditures are way down, consumer confidence has declined sharply, major retail chains all over America are closing hundreds of stores, and the “sequester” threatens to give the American people their first significant opportunity to experience what “austerity” tastes like. Gas prices are going up rapidly, corporate insiders are dumping massive amounts of stock and there are high profile corporate bankruptcies in the news almost every single day now. In many ways, what we are going through right now feels very similar to 2008 before the crash happened. Back then the warning signs of economic trouble were very obvious, but our politicians and the mainstream media insisted that everything was just fine, and the stock market was very much detached from reality. When the stock market did finally catch up with reality, it happened very, very rapidly. Sadly, most people do not appear to have learned any lessons from the crisis of 2008. Americans continue to rack up staggering amounts of debt, and Wall Street is more reckless than ever. As a society, we seem to have concluded that 2008 was just a temporary malfunction rather than an indication that our entire system was fundamentally flawed. In the end, we will pay a great price for our overconfidence and our recklessness.
So what will the rest of 2013 bring?
via Guest Post: 20 Signs The U.S. Economy Is Heading For Big Trouble In The Months Ahead | Zero Hedge.
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