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10 Lessons from People Who Lived Through the Great Depression

Posted on Aug 31, 2011 in Emergency Preparedness & Survival

Kevin Hayden – TruthisTreason.net

Source: Business Insider

It isn’t difficult to see shades of the Great Depression in the Great Recession, and in today’s volatile economy.  High unemployment, staggering debt, and a volatile stock market that worries many.

Still, the hardship of the late 1920s and the 1930s has yet to be replicated on such a grand scale. The 25% unemployment rate was a reality back then. But corners were cut, ends were met, and the generation that lived through it still stands as a testament to getting past tough times.

Some of the men and women of the Great Depression are still around today, and perhaps it’s time to turn to them for inspiration.

Here’s a list of 10 ideas that were formed during that era that may help us recover, as well as remind us that hey, it could be worse.

Click here to learn about our most resilient citizens > in a series of photos and brief stories....

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Moody’s Economist: People Are Shellshocked, Nervous

Posted on Aug 30, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: SHTF Plan by Mac Slavo

Economists and analysts have said that fear is building as the possibility of another recession looms. We certainly wouldn’t disagree with the fear factor, but we maintain our position that the recession, which began in 2008, never really ended. Mainstream economists will argue, fruitlessly, that positive GDP growth over the last two years proves the recession ended, but as was pointed out in Global GDP Growth Numbers are Fictitious, the official statistics fail to account for the real rate of inflation. When you count the rise in prices across the board, we’re in recession – and we’ve been there since at least 2008.

But, for the sake of argument, we’ll humor the mainstream, and give them the “official” position, which says that fields of green shoots spread across the country in the summer of 2009, and continued to bloom throughout 2010 as the stock market came roaring back. (We won’t mention falling real estate prices, record foreclosures, rising unemployment, an expanding food stamp participation rate, destruction of personal credit and overwhelming national debt – no, we won’t mention those –  just focus on stock markets and GDP, please, because we need to think like the experts.)

As experts, we would then be looking at the one and only factor that really means anything – and that’s consumption....

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Billionaire Investor Jim Rogers Throws His Support Behind Ron Paul

Posted on Aug 28, 2011 in Political Issues

Kevin Hayden – TruthisTreason.net

Source:

As the economy continues its downward slide due to the failed leadership of both the President and Congress, billionaire investor Jim Rogers sees no other alternative to turn things around than for Ron Paul to win the Presidency.  Rogers’ views on both gold prices and the 2012 Presidency were addressed on August 27th in a comparison made between himself and economist Nuriel Roubini:

Jim Rogers thinks gold will double to at least $2,000 an ounce.  Economist Nouriel Roubini says that’s “utter nonsense.” As these well-known market personalities duke it out, they’re doing us a favor by highlighting a critical debate: Which is the bigger threat — inflation or deflation?), not to mention gold (to the amusement of such Keynesian soundbites recorded for posterity as the following: “Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense”), and especially inflation, was caught on tape voicing his endorsement of the only sane person who can possibly do something for this country.

“In this election if Ron Paul gets anywhere near the nomination I would certainly support him.  

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Surviving Financial Collapse and the Reversion to the Local

Posted on Aug 25, 2011 in Emergency Preparedness & Survival, Featured Articles

Kevin Hayden – TruthisTreason.net

Source: Activist Post by Julian Rose

Read the daily news, even in a relatively mainstream newspaper, and you cannot fail to notice that an unprecedented event is unfolding in front of our very eyes; the simultaneous collapse of two of the World’s largest economies: the US and European Union.

Both appear to be teetering at the edge of a financial precipice and the great politico-bureaucratic machines that run the show – on both sides of the Atlantic – seem incapable of agreeing what economic medicine might keep this beast on the rails.

They, and we, are now learning that in a finite world no resource is infinite, least of all institutionalized financial wealth whose very existence is dependent upon interest payments made on capital lent to those who cannot sustain the levels of repayments demanded of them. In a ‘debt based’ economy (which ours is) all participants will ultimately end up losers.

We cannot know the exact timing surrounding the unhinging of a large sector of the global market place, but that some form of large scale collapse is imminent, there can be little doubt....

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Waffle House Economics: The Confession and Rehabilitation of a Financier Thumbnail

Waffle House Economics: The Confession and Rehabilitation of a Financier

Posted on Aug 22, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: Mises.org by Doug French

Imagine the good fortune of having a Waffle House within walking distance of home and the office. Yes, Waffle House number 1882 is one of the newest in the chain of over 1,600 stores. Strategically located within stumbling distance of Auburn’s downtown college bars, it’s attracted some of the most decorated wait staff in the chain.

On a sultry mid-morning trip to the restaurant, I noticed that my server’s name tag was cluttered with gold pens and a red star. When asked what it takes to get a red star, Andrea said, “Oh, it just means I can train people.” The gold pins? “I’ve been here a long time,” she said, before turning to the shift manager, asking if they could please turn up the air. “Even the customers are complaining,” she said in a low but authoritative tone.

Hayden’s Note:

This is a really great read.  I highly suggest not only reading this review, but check out the book itself.  Highly entertaining while offering an easy to digest – no pun intended – explanation of the inside world of banking, finance and capital....

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CNN, Economist & Physicist Say Fake Alien Invasion Could Revive Depressed Economy

Posted on Aug 16, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Cryptogon

The al-Qaeda (All-CIA-duh) swindle isn’t working, so why not double down and shoot for the stars?

Via: CNN Clip on YouTube:

Paul Krugman wants to create a Keynesian-infused Space Alien Economic Bubble to revive the depressed one we have right now.

 

 

And from the IntelHub:

Dr. Michio Kaku, renowned physicist, author and the apparent mouth piece for the scientific dictatorship that is the NWO, talks on the corporate media about the likely hood of an alien invasion.

Project Blue Beam is a very controversial subject and concerns the government carrying out a fake alien invasion to forward the agenda of creating their much sought after One World Government.

What better way to make the people surrender the last of their rights and freedoms then to be presented with an unbeatable enemy from another world??

The fact that Michio Kaku is on the corporate controlled media talking about it is enough to ring the alarm bells.

People watching this video and reading this quick article may well laugh at the mere suggestion of such a thing but i can tell you one thing, the elites that would carry it out sure as hell take it seriously.

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Gerald Celente: Economic Martial Law Will be Declared

Posted on Aug 08, 2011 in Political Issues

TruthisTreason.net – Kevin Hayden

Source: SHTF Plan.com by Mac Slavo

In his latest quarterly Trends Journal (Summer 2011), Gerald Celente provides us another “history of the future,” in which he discusses global economic, monetary, and political events as they happen and what their consequences will be for months, years and decades to come. As he has said before, it is only a matter of time before a major terror attack is executed in a major Western nation. And once it happens it will send shock waves throughout the world, leading to mass global panic and a further tightening of the noose around the necks of the populace:

What will another major terror strike mean? Should an attack hit one of the major NATO nations, the effects, this time, will go global. Bank holidays will be called, the US and other fragile economies will crumble, gold and silver will soar, and already-troubled currencies will crash. Economic martial law will be declared. Introduced as a temporary measure, once in place it will remain in place (like the curfews and draconian security precautions installed by despots and dictators everywhere).

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Market Bloodbath – August 4th, 2011 Summed Up Thumbnail

Market Bloodbath – August 4th, 2011 Summed Up

Posted on Aug 04, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

The guys (and chick!) over at Zero Hedge summed up the business day in a short, sweet fashion –

The Dow is down more than 500. The S&P is down 60. The VIX surges 35% to 32 the highest since June 2010. Implied correlation surges to the highest since last summer. ES volume surges to the highest since the flash crash. Europe is opening in 12 hours. Margin debt is near record high levels, and mutual funds have record low cash. Liquidations galore. Did we miss anything?

Here are a few other links from the Drudge Report if you’re bored…

DOW PLUMMETS 512…
OBAMA HAS BBQ COOKOUT…
GAINS FOR YEAR GONE…
‘CORRECTION’…
PANIC RIPS THROUGH GLOBAL MARKETS…
Intervention fails to quell nerves…
‘NOT SINCE JIMMY CARTER’…
Military money on chopping block…...

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The Quiet Revolution: Latin America is Moving Away from Washington’s Influence

Posted on Aug 02, 2011 in Global & National News

TruthisTreason.net – Kevin Hayden

Source: Oil Price by John Daly – Truth Contributor

Perhaps the biggest foreign-policy story of the past decade, thoroughly overlooked by the American media after 9/11 and its subsequent monomaniacal focus on terrorism, security and the wars in Iraq and Afghanistan, is the fact that Latin America has essentially moved away from Washington’s influence.

This quiet revolution from below, in rejecting the Monroe Doctrine, first enunciated in 1823 whereby the U.S. essentially barred European powers from influence in Latin America, has essentially for nearly 200 years served as an ideological platform for countless U.S. interventions south of the border but has yet to register on the radar the politicians in Washington.

From Ecuador to Paraguay, Venezuela to Brazil, governments increasingly composed of representatives of the indigenous people, are more and more rebuffing Washington’s advice as they seek to determine their countries’ futures without undue interference from their giant North American neighbor.

Nowhere is this more evident than in Brazil, which after suffering decades of corrupt government and intermittent military dictatorship in 2003 elected Luiz Inácio Lula da Silva as president, who’s adroit and progressive policies until he relinquished the proposed last year have laid the foundations for the dramatic rise of Brazil’s economy....

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A Look at the Past: All Fiat Currencies Collapse and Fail Thumbnail

A Look at the Past: All Fiat Currencies Collapse and Fail

Posted on Aug 02, 2011 in Economic News, Featured Articles

TruthisTreason.net – Kevin Hayden

Source: Casey Research & Big Gold by Jeff Clark

In spite of constant headlines about debts and deficits, most Americans don’t really believe the U.S. dollar will collapse. From knowledgeable investors who study the markets to those seemingly too busy to worry about such things, most dismiss the idea of the dollar actually going to zero.

History has a message for us: No fiat currency has lasted forever. Eventually, they all fail.

BMG BullionBars recently published a poster featuring pictures of numerous currencies that have gone bust. Some got there quickly, while others took a century or more. Regardless of how long it took, though, the seductive temptations allowed under a fiat monetary system eventually caught up with these governments, and their currencies went poof!

You might suspect this happened only to third world countries. You’d be wrong. There was no discrimination as to the size or perceived stability of a nation’s economy; if the leaders abused their currency, the country paid the price.

As you scroll through the currencies below, you’ll see some long-ago casualties....

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Sovereign Editorial on Taxes and Worldly Income, Courtesy of Simon Black

Posted on Aug 01, 2011 in Blog, Editorials, & Thoughts

TruthisTreason.net – Kevin Hayden

I read through several hundred news stories, articles and editorials each week, mainly for my own benefit and education.  That desire is what started this little blog I call Truth is Treason.  However, I seem to have gotten away from sharing some of the little gems I stumble across, so I wanted to share an excerpt from Simon Black over at SovereignMan.com.  If you’re in the field of business, especially small-business or entrepreneurship, I suggest you become a fan of him.  He offers a lot of great geopolitical articles and monetary information.

Simon writes, in reply to a reader,

Chris from New Zealand laments, “Your partner Tim recently wrote in a post that he doesn’t have to pay taxes in the Philippines. This does not impress me. It’s ethically and morally unsustainable.”

Let’s get some background facts straight, first.

Tim is an Australian citizen, a country that does not tax non-resident citizens on their worldwide income. He is a Hong Kong permanent resident, another jurisdiction that does not tax residents on their worldwide income. And he lives in the Philippines under an immigration rule that does not tax him on income earned outside of that country.

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Ron Paul Exposes the Deficit Lies: “Cuts are Illusory, Not from Current Amounts Spent But from Projected Spending Increases”

Posted on Aug 01, 2011 in Constitutional & Liberty Issues, Economic News, Featured Articles

TruthisTreason.net – Kevin Hayden

Source: Ron Paul & Zero Hedge

One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth.  In spite of the rhetoric being thrown around, the real debate is over how much government spending will increase. 

No plan under serious consideration cuts spending in the way you and I think about it.  Instead, the “cuts” being discussed are illusory, and are not cuts from current amounts being spent, but cuts in projected spending increases.  This is akin to a family “saving” $100,000 in expenses by deciding not to buy a Lamborghini, and instead getting a fully loaded Mercedes, when really their budget dictates that they need to stick with their perfectly serviceable Honda.  But this is the type of math Washington uses to mask the incriminating truth about their unrepentant plundering of the American people.

The truth is that frightening rhetoric about default and full faith and credit of the United States is being carelessly thrown around to ram through a bigger budget than ever, in spite of stagnant revenues. ...

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America: Why Aren’t You Protesting?

Posted on Jul 27, 2011 in Constitutional & Liberty Issues, Political Issues

TruthisTreason.net – Kevin Hayden

Source: Oil Price by Andrew Smolski – Truth Contributor

As noted by Richard Heinberg on June 22nd, 2011, the media has lacked the ability to connect the economic situations in the Middle East and their uprisings to what is happening in Europe. I would avoid the word “Revolution” in the case of the Middle Eastern uprisings, seeing as no dramatic systemic changes have taken place, only the ousting of dictators. Same as I would avoid the words of social upheaval in the case of European protests, which have been quite calm and only demanding to maintain the social safety nets produced through years of labor struggle. Rather, the odd occurrence is the ostensibly quiet population of the United States who are in many cases having the same economic problems and austerity based government solutions. This is a place where the media does want to ask the public the question, “Why aren’t you protesting?”

Effectively in the United States the labor movement has been dismantled over 30 years through multiple policies, the main one being “Right-to-Work” laws, which have left only 6.9% of private sector workers in unions, and 36.2% of public sector workers in unions....

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Geithner: “[For a Lot of People] It’s Going to Feel Very Hard, Harder than Anything They’ve Experienced in Their Lifetime Now, For a Long Time to Come” Thumbnail

Geithner: “[For a Lot of People] It’s Going to Feel Very Hard, Harder than Anything They’ve Experienced in Their Lifetime Now, For a Long Time to Come”

Posted on Jul 11, 2011 in Economic News, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: Washington’s Blog

AP notes:

Many Americans will face hard times for a long time to come.

***

Geithner says will be some time before many people feel like the country is recovering.

Geithner tells NBC’s “Meet the Press” that it’s a very tough economy. He says that for a lot of people “it’s going to feel very hard, harder than anything they’ve experienced in their lifetime now, for a long time to come.”

Of course, Geithner is a large part of the reason that it will be so hard.

As I pointed out in May:

Geithner has been a big part of the problem.

He’s previously said that his job as head of the New York Fed wasn’t as a regulator, even though one of the Fed’s core jobs is to regulate. As Dylan Ratigan writes:

In Geithner’s own words during confirmation hearings in March: “First of all, I’ve never been a regulator…I’m not a regulator.” According to the New York fed bank’s Web site, that was your job!!Quoting from the Fed’s website: “As part of our core mission, we supervise and regulate financial institutions in the Second District.” That district of course is the epicenter for bailed out banks and billion dollar bonuses.

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The Rise of the Barter Economy Thumbnail

The Rise of the Barter Economy

Posted on Jul 06, 2011 in Emergency Preparedness & Survival

TruthisTreason.net – Kevin Hayden

Source: Peter Schiff via Lew Rockwell

Imagine a day when you go to buy a quart of milk, ask the price, and the cashier says, “that’ll be a tenth ounce silver.” As the US dollar’s decline accelerates, several efforts around the country are trying to make this vision a reality.

Historically, paying for items in silver or gold was actually quite common. We happen to live in an unusual time and place where generations have grown up trading exclusively in paper. While my parents still used dimes made of silver, we have now gone several decades with no precious metals in any of our official coinage. But this system of money by government fiat is unsustainable.

While the practice of bartering precious metals directly for goods and services has continued on a small-scale over the last few decades, the 2000s saw the beginning of organized efforts to revive gold and silver as money.

THE LIBERTY DOLLAR

One such effort was spearheaded by an eccentric mintmaster from Hawaii named Bernard Von Nothaus. He called his project the Liberty Dollar, and it centered on privately minted gold and silver rounds as well as deposit certificates for precious metals held in his firm’s vaults....

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