Mac Slavo gets is all right in this piece posted in the SHTFPlan blog: Wealth Preservation, Investing, and Prepping in 2010 [1]. (Thanks to G.S. in the State of Jefferson for the link.)
Damon sent this: U.S. Economy Grows 5.7 Percent in Fourth Quarter of 2009 [2]. JWR Adds: They’re calling it a “recovery”? That is laughable. I call it nothing more that the effect of many hundreds of billions of dollars in short term stimulus. Keep in mind that this will effectively be paid for with money borrowed from my children’s generation. The current presidential administration has spent more than $3.5 trillion, and much of that went to “stimulus.” And all that got was just 5.7% in growth? I suspect that the real underlying economy is actually heading into a depression that will last a decade or more. If you look at the job numbers minus the stimulus-generated make-work jobs, the government’s sleight of hand is apparent.
Maybe they won’t call it “conspiracy theory nonsense” anymore: Secret Banking Cabal Emerges From AIG Shadows: David Reilly [3]. (A tip of the hat to K.L. in Alaska for the link)
Items from The Economatrix:
Energy Prices Fall So Far in 2010 [4]
Wages and Benefits Rise Weak 1.5% in 2009 [5]
Stocks Have Dismal January, Bad Omen for 2010? [6]
Bernanke Confirmation Means Fed Independence [7]. He was reconfirmed by the narrowest margin in congressional history.
Weak Greece Could Drag Down Weak Eurozone [8]
Asian Stock Markets Fall on Greece Debt Fears [9]
Growing Shares of Americans’ Income Comes From Government [10]
Geithner Accused of Incompetence Over His Role in AIG Bailout [11]