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US Shoppers Spent Less Over Black Friday – American consumers shopped more for bargains at the start of the U.S. holiday season and spent significantly less than a year ago, according to early data released on Sunday.
Consumers said they will have spent nearly 8 percent less on average, or about $343 per person, over the weekend that includes U.S. Thanksgiving Day, Black Friday and runs through Sunday, according to the National Retail Federation.
Potential For Fed To Hyperinflate – One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance.
Britain on the brink of financial armageddon – The news is potentially so bad that politicians simply don’t want the general public to know what’s going on.
The Economic Crisis and What Must be Done – The United States does not control its own destiny. Rather it is controlled by an international financial elite, of which the American branch works out of big New York banks like J.P. Morgan Chase, Wall Street investment firms such as Goldman Sachs, and the Federal Reserve System. They in turn control the White House, Congress, the military, the mass media, the intelligence agencies, both political parties, the universities, etc. No one can rise to the top in any of these institutions without the elite’s stamp of approval.
Biden Is Right: Obama Administration Is Our Worst Nightmare – Vice President Joe Biden issued a somber warning for opponents of the Obama administration’s agenda, telling party loyalists during a fund raising speech in Iowa that the naysayers “should be worried about us, for we are their worst nightmare.”
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