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Middle class families face a triple whammy

Falling pensions, cuts and the banking crisis will impoverish many families, says Edmund Conway. By Edmund Conway Published: 9:05AM BST 01 Jul 2010 You don't usually expect radical neo-Marxism from the International Monetary Fund – the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches of the world. And yet, hidden away in an obscure IMF report a few years back is a short sentence that explains precisely the problems that Britain, and the rest of the Western world, have been sleepwalking towards for years. The claim made by the IMF's Financial Stability Report in 2005, in a seemingly throwaway remark, was that households had become the financial system's "shock absorber of last resort". In other words, whereas in previous eras, much of the pain of recession and financial crisis was borne by businesses or governments, with families afforded some degree of protection by the pensions system or welfare state, it was no...

Current Numbers Dont Add Up To Recovery

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Unemployment numbers belie the announced recovery, credit card interest still killing consumers, market changes the balance over manipulation, economic recovery not possible without a manufacturing base, dollar abandoned worldwide, a second downturn is forecast This past week the BLS released the September unemployment statistics and they worsened as usual, as America enjoys its recovery. * Those unemployed 15 weeks or longer, as a percent of the civilian labor force was 5.4%. * Job losers and persons who completed temporary jobs, as a percent of the labor force was 6.8%. * Total unemployed, as a percentage of the civilian labor force, the official unemployment rate, 9.8%. * Discouraged workers 10.2%. * Total unemployed plus discharged workers, plus marginally attached workers 11.1%. * Total unemployed as a percent of the civilian labor force 17%. If the birth/death ratio is removed, U-6 is in reality 21.3% total US unemployment. The estimate is that 824,000, more jobs m...

America Freedom to Facism-Director Authorized

The International Banking Cartel is the New World Order

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Belief in the existence of the New World Order centers around the activities, actions and writings of the members of the elite (mostly Anglo-American) inside the international banking cartel – which of course includes the Rockefeller and Rothschild families – over roughly the last century. This cartel, through their financing of two World Wars ; the revolutions of Lenin/Stalin and Hitler , among others; the creation of the IMF, World Bank and other private “central banks” like the Federal Reserve and the Bank of England ; as well as their backing of international organizations like the United Nations , World Health Organization , World Trade Organization has sought to control not only the purse strings of the governments of the world, but also the policies, laws and programs that those governments and agencies implement. Through their financing of both sides of wars (WWI and II, Cold War, War on Drugs , War on Terror , etc); their manufacture of financial crisis (Great Depress...