The Illuminati of course chose the people comprising Obama’s Cabinet, and they are the same red scum from the Clinton Administration who destroyed our economy with deregulation, and who destroyed our security by greatly reducing our military capacity while setting up the phony War on Terror. And let’s not forget about the Clinton Administration’s War in Kosovo, which was set up to split Kosovo from Serbia, so that the CIA and MI6 could have an illicit drug gateway to Europe, an opium distribution center run by Islamic thugs that would oversee the trafficking in opium to be produced by the soon-to-be-conquered Afghanistan, whose government would be taken over by our Illuminist government after the Taliban were ejected in the aftermath of the 911 attacks. -Bob Chapman

With no one denying the obvious fact that America is in a deep slump anymore, the discussion has instead shifted to why it happened. The Austrians (including me) who predicted these problems based on Greenspan’s low interest rate policy know of course that the main cause was that low interest rate policy, with his numerous bailouts of failed financial institutions also creating a moral hazard that encouraged risky behavior. -Stefan M.I. Karlsson

Investor Peter Schiff again went to battle with a raft of establishment talking heads on CNBC yesterday who attempted to propagandize for the bailout by pushing the idea that it was necessary and inevitable. Schiff pointed out that the word “stimulus” was a misnomer because the government has proven itself incapable of stimulating the economy and has only sought to “interfere with the free market’s ability to create legitimate wealth,” a process that would lead to more inflation and more destruction. -Paul Joseph Watson

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I previously noted that Goldman, Citigroup and JP Morgan - fresh from receiving many billions of dollars in taxpayer bailouts to rescue them from their black hole of derivatives debt - were betting on the failure of companies such as GM, which the taxpayers will probably end up bailing out.

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Like the sorcerer’s apprentice, Federal Reserve Chairman Ben Bernanke and his predecessor Alan Greenspan have unleashed a series of ever-larger asset bubbles they cannot control. Now the Fed’s decision to cut interest rates to between zero and 0.25 percent, coupled with a promise to keep them there for an extended period, and the threat to conduct even more unconventional operations in the longer-dated Treasury market risks the biggest bubble of all, this time in U.S. government debt. By: John Kemp

U.S. Representative and former presidential candidate Ron Paul tells Newsmax that bailouts of U.S. corporations are “bad morally” — and says current federal economic policies “will literally destroy the dollar.” He also insists that the use of “counterfeit” paper money instead of a gold-backed currency is “insane,” and declares it is “foolhardy” for Barack Obama to propose national health care under the present economic conditions. -Jim Meyers

If you’re still skeptical that we’re sinking into America’s Second Great Depression, you don’t have to believe Alan Greenspan, who says we’re already experiencing the worst financial crisis in a hundred years. Nor need you heed the news that the economy just lost a half-million more jobs or that retail sales have just suffered their worst plunge in 35 years. All you have to do is get up from your chair, open the door and take a walk outside. by Martin D. Weiss, Ph.D. 12-08-08

The deflation we’ve been warning you about is here, and it’s striking hard. Last week, the Fed released a report that sent chills down the spine of economists all over the world, revealing a sweeping destruction of wealth in America. Just in the third quarter alone, U.S. households lost $647 billion in real estate; $922 billion in stocks; $523 billion in mutual funds; $653 billion in life insurance and pension fund reserves; plus $128 billion in private business interests. by Martin D. Weiss, Ph.D.