The game is rigged, Welcome to the next greatest depression

The market was down close to 300 points today. Jobs, housing and manufacturing stats are down! We haven't posted in about a week because we get tired of "pissing in the wind"!  THere are those who will blame what is coming on Obama and they will be right, just as are those who blame it on Bush II are right.  And just as we have been right over the past number of years as we have chronicled the corruption of the government/corporate alliance and  the failure of the "sheeple" to rise up to stop history from repeating itself.  We had the chance to "fix" the problem.  Instead we failed to identify the real problem. US!  The following is long but is being read across the internet by those who see it coming, but like us have been ignored.  We suggest you take however much time it takes to read this before it is to late.  It may be the most important piece you ever read.

Guest Post: Yastrow: “We Are on the Verge of a Great, Great Depression”

Wednesday, 01 June 2011 11:01

Written by George Washington 
The news that frequent CNBC guest Peter Yastrow of Yastrow Origer (and formerly with DT Trading) told CNBC that "We’re on the verge of a great, great depression. The [Federal Reserve] knows it" is going viral today.





But this is not news to anyone who has been paying attention.
As I pointed out Tuesday, billion dollar fund managers agree: the government never fixed the underlying economic problems, so we'll have another crash.
I provided details last month:

As I noted in January, the housing slump is worse than during the Great Depression.As CNN Money points out today:

Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact."

Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in.

Lately, they're "running out of money" at a faster clip, he said.

"Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern.

And - in case you still think that the 29% of Americans who think we're in a depression are unduly pessimistic - take a look at what I wrote last December: