The Exploitation and Destruction of Mongolia

GOLDMAN PRIZEWINNER SHOOTS UP FOREIGN MINING FIRMS IN MONGOLIA WESTERN DECEPTIONS AND THE EXTINCTION OF THE NOMADS Predatory capitalism has invaded Mongolia — the savage western hordes overrunning the land — and but for the recent Hollywood movie spectacle Mongol [1] and colorful travel magazine articles no one in America hears much of anything about [...] continue reading world news

China To Cut Rare Earth Exports By More Than 11 Percent

A labourer hoses water into the site of a rare earth metals mine at Nancheng county, Jiangxi province December 21, 2010. Dec. 28 BEIJING (Reuters) – China said on Tuesday it will cut its export quotas for rare earth minerals by more than 11 percent in the first half of 2011, further shrinking supplies of [...] continue reading world news

Bailed-Out US Banks Slip Toward Failure

Related information: - Goldman Sachs Will Pay Out $111 Million in Bonuses, Has Set Out $13 Billion to Cover Compensation and Benefits This Year Alone - Federal Reserve Withholds Collateral Data for $885 Billion in Financial-Crisis Loans - Federal Reserve Made $9 Trillion In Emergency Overnight Loans - Has the Federal Reserve become the central [...] continue reading world news

Allied Irish Banks Effectively Under State Control After €3.7 Billion Bailout, Further €6.1Billion Needed Before End of February

Commentary on Ireland’s situation here: - Rothschild Bank AND Goldman Sachs Are Both On The LIST Of Bondholders Getting US Taxpayer Billions In Irish Bailout Allied Irish Banks has received a €3.7bn (£3.14bn) injection from the Irish government, effectively placing it under state control. Allied will require a further 6.1bn injection before the end of [...] continue reading world news

Freemason Tony Blair Makes £710,000 From Mysterious Web of Companies, Made at Least £20 Million Since Leaving Downing Street

More information: - Traitor And War Criminal Tony Blair Summoned Back to Iraq Inquiry to be Quizzed Over New Evidence (Guardian) - Former Head of The Army General Sir Richard Dannatt: How Tony Blair and Gordon Brown Betrayed Our Troops (Telegraph) - Iraq inquiry: UK Government lied, ‘intentionally and substantially’ exaggerated WMD threat (Telegraph) - [...] continue reading world news

USDA GMO Policy

US terrorism: - US Conspired to Retaliate Against European Nations If They Resisted GMOs: Wikileaks Cable Reveals Added: 24. December 2010 Agenda 21: - Agenda 21 And The Wildlands Project: How They Can Steal Your Land - UN Agenda 21 – Coming to a Neighborhood near You - Agenda 21 Explained - Agenda 21: Elite [...] continue reading world news

The Student Loan Debt Bubble And The Great College Education Scam: 16 Shocking Facts

As you read this, there are over 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation across the United States.  Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees.  That does not even count living expenses. Today it [...] continue reading world news

$2 Trillion Debt Crisis Threatens to Bring Down 100 US Cities Next Year

More from Meredith Whitney: - Meredith Whitney: US Government Will Have to Bailout States in Next 12 Months - Meredith Whitney on CNBC: ‘I Haven’t Been This Bearish in a Year’; ‘S&P Expensive Across the Board’; Expects Next Leg Down in the Housing Market Soon Overdrawn American cities could face financial collapse in 2011, defaulting [...] continue reading world news

Iranian Riot Police Out In Force As Food And Fuel Subsidies End: Price of Petrol To Rise Fourfold And Electricity Almost Threefold

Tehran predicts unrest as ILNA news agency reports price of petrol rising fourfold and electricity almost threefold An Iranian woman and a boy shop at a grocery store in Tehran. Photograph: Atta Kenare/AFP/Getty Images Iranians are facing huge increases in fuel and food prices after Tehran began implementing a long-delayed plan to slash subsidies amid [...] continue reading world news

France’s AAA Credit Rating at Risk: Euro Credit

See also: - Rothschild Bank AND Goldman Sachs Are Both On The LIST Of Bondholders Getting US Taxpayer Billions In Irish Bailout - Ireland’s Credit Rating Cut Five Levels By Moody’s With Negative Outlook - Spain’s Credit Rating on Review by Moody’s - Ireland Bailout Fails To Calm Nervy Markets – Prof. Nouriel Roubini Tells [...] continue reading world news

UK: Interest Rates ‘Will Have To Rise Sixfold in 2 Years’ to Cope With Rising Inflation

The Bank of England created all this inflation with QE: - Quantitative Easing Explained Just exchange the Fed with the BoE and ‘THE BEN BERNANK’ with ‘THE MERVY KING’. Quantitative easing =  printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = [...] continue reading world news

Goldman Sachs Will Pay Out $111 Million in Bonuses, Has Set Out $13 Billion to Cover Compensation and Benefits This Year Alone

Flashback: - Goldman Sachs puts aside $3.8 billion for salaries, bonuses and benefits, on top of $5.4 billion in the first three months of the year! - Goldman Sachs To Spend $621 Million Fine to Settle SEC Fraud Case So Goldman paid just 4,8%  of its compensation and benefits in 2010 to settle the SEC  [...] continue reading world news

Ireland’s Credit Rating Cut Five Levels By Moody’s With Negative Outlook

Ireland has been completely bankrupted and destroyed. Nationalized Anglo Irish Bank losses are the worst in the entire world! The elite puppet government and the elite puppet banksters have even stolen the pension reserve funds: - And Now … Ireland: Pension Reserve Funds To Be Spent On The Banksters Iceland didn’t bail out the banksters: [...] continue reading world news

Nigeria to Drop Dick Cheney Bribe Charges For $250 Million In Fines (Bribes) From Halliburton

Related articles: - Nigeria: Halliburton Plans $500 Million Plea Bargain in Cheney Corruption Case! - Nigeria to Charge Dick Cheney in $180 Million Bribery Case, Issue Interpol Arrest Warrant And Darth Cheney, as expected,  escapes again. Halliburton agrees to pay $250m in fines in lieu of prosecution over alleged multimillion-dollar bribes Nigerian anti-corruption police said [...] continue reading world news

Bank of England Survey: British Household Debts Reach A Record High

And this is the BoE’s advice: - Bank of England deputy Charles Bean to Brits: Spend, spend, spend! More than half of households are struggling to repay credit cards and loans, a Bank of England survey suggested today. A total of 51% of respondents reported that their unsecured debts were a “burden” – a record [...] continue reading world news

Spain’s Credit Rating on Review by Moody’s

If  Spain  needs a bailout then it is game over: - Ireland Bailout Fails To Calm Nervy Markets – Prof. Nouriel Roubini Tells Portugal To Seek Bailout, Spain ‘Too Big To Bail Out’: Nouriel Roubini, the US economist, said Portugal should consider asking for a bailout before its financial plight worsens as the euro fell [...] continue reading world news

Next Chairman of the House Banking Committee: Regulators Exist to ‘Serve The Banks’

What can you say? Alabama Republican Spencer Bachus, the incoming chairman of the House banking committee, suggested Congress and federal regulators should play a subservient role with banks. “In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks,” [...] continue reading world news

The Vatican Bank ‘Allowed Clergy to Act as Front for Mafia’

The Vatican Bank is under new scrutiny in a case involving money-laundering allegations that led police to seize €23m (£19.25m) in September. The Vatican calls the seizure of assets a “misunderstanding” and expresses optimism it will be quickly cleared up. But fresh court documents show that prosecutors say the Vatican Bank deliberately flouted anti-laundering laws [...] continue reading world news

Jesse Ventura Conspiracy Theory: ‘Gulf Coast Oil Spill’

A MUST-SEE! Added: 11. December 2010 Must-see: - Jesse Ventura Conspiracy Theory: Worldwide Water Conspiracy - Jesse Ventura Conspiracy Theory: Police State (And FEMA Concentration Camps) - Jesse Ventura Conspiracy Theory: Plum Island - Jesse Ventura Conspiracy Theory: Wall Street continue reading world news

US Home Values: $1.7 Trillion Drop in 2010 – $9 Trillion Drop Since June 2006!!!

Peace is war and recovery is the Greatest Depression. (Bloomberg) — U.S. home values are poised to drop by more than $1.7 trillion this year amid rising foreclosures and the expiration of homebuyer tax credits, said Zillow Inc., a closely held provider of home price data. This year’s estimated decline, more than the $1.05 trillion [...] continue reading world news

James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

… and do so NOW! I can’t tell you this often enough. I know I am repeating myself here, but there are so many new readers and there is a very good chance that they don’t know this yet. “Holding your gold in a bank correlates you to the banking system, the very risks which [...] continue reading world news

Iceland: Economy Exits Recession

Even better off is Greenland: - Why is Greenland so rich these days? It said goodbye to the EU! At least Iceland didn’t bailout the banksters: - Max Keiser: The IMF Is Bankrupt – The Fed And The Banksters – Iceland Report – And More Whereas Ireland is completely doomed: - And Now … Ireland: [...] continue reading world news

Max Keiser: The IMF Is Bankrupt – The Fed And The Banksters – Iceland Report – And More

Must-see! Added: 7. December 2010 This time, Max Keiser and co-host, Stacy Herbert, challenge French finance minister, Christine Lagarde, to play football against Manchester United if she can’t keep French banks from running to the U.S. Federal Reserve for emergency cash. - Meet The 35 Foreign Banks That Got Bailed Out By The Fed (And [...] continue reading world news

Gold Futures Jump to Record $1,429.40, Silver Futures Rally to 30-Year High

Gold: - George Soros’ and John Paulson’s Biggest Holding Is GOLD - China, Russia, Iran are Dumping the Dollar, Buy Gold And Silver - Gold and Gold Mining Shares As a Percentage of Global Assets or ‘The Once In a Lifetime Ride’ Silver: - Max Keiser: Want JP Morgan to Crash? Buy Silver! - Max [...] continue reading world news

Sennator Bernie Sanders: US Billionaires Wage War Against The Middle Class In America

“When a country embarks on deficit financing  and inflationism you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.” - Ron Paul See also: Catherine Austin Fitts: The Looting Of America Added: 2. December 2010 - Senator Bernie Sanders: A Real Jaw Dropper At The [...] continue reading world news

JP Morgan Revealed As Mystery Trader That Bought 80 Percent of LME Copper Worth £1 Billion

Related article: - Mystery trader captures 80pc of London’s copper market (Telegraph) Join the campaign to crash JP Morgan and protect your assets: - Max Keiser: Want JP Morgan to Crash? Buy Silver! The trade was described in the LME’s daily update as ‘between 50pc and 80pc’ of the 350,000 tonnes of copper in reserves [...] continue reading world news

Crash The Illuminati JPMorgan Banksters And Buy Silver (or the cruel and tragic death of a vampire squid)

- JPMorgan Silver Manipulation Explained (Must-See!) 3. December 2010 continue reading world news

Federal Reserve Withholds Collateral Data for $885 Billion in Financial-Crisis Loans

Related articles: - Federal Reserve Made $9 Trillion In Emergency Overnight Loans - UK Banks Borrowed More Than $1 Trillion From US Federal Reserve - Has the Federal Reserve become the central bank of the world? - Federal Reserve to Name Recipients of $3.3 Trillion in Aid During Crisis The Fed today released details identifying [...] continue reading world news

Nigeria Will Charges Against Dick Cheney in Bribery Scandal

Dec. 1 (Bloomberg) — Nigeria will file charges against former U.S. Vice President Dick Cheney and officials from five foreign companies including Halliburton Co. over a $180 million bribery scandal, a prosecutor at the anti-graft agency said. Indictments will be lodged in a Nigerian court “in the next three days,” Godwin Obla, prosecuting counsel at [...] continue reading world news

Ireland Bailout Fails To Calm Nervy Markets – Prof. Nouriel Roubini Tells Portugal To Seek Bailout, Spain ‘Too Big To Bail Out’

- Roubini tells Portugal to seek bailout as markets slide (Telegraph): Nouriel Roubini, the US economist, said Portugal should consider asking for a bailout before its financial plight worsens as the euro fell after the €85bn Ireland bailout failed to ease eurozone debt fears. Mr Roubini, the economist who predicted the financial crisis, told daily [...] continue reading world news

Why is Greenland so rich these days? It said goodbye to the EU!

Britain used to have 80 per cent of European fish stocks (Photo: PA) If you think that leaving the EU would be catastrophic, take a look at Greenland. By rights its people ought to be poor. Their island is isolated, suffers from freezing weather, has a workforce of only 28,000 and relies on fish for [...] continue reading world news

Germany Rejects EU Call To Double $588 Billion Bailout Fund

See also: - Germany Rejects EU Call To Double $588 Billion Bailout Fund Europeans Clash on Bailout BERLIN—European leaders sparred over whether to commit more funds to rescue struggling euro-zone countries, as financial-market pressure on the region’s weakest economies intensified. The European Union’s executive arm, the Brussels-based EU Commission, floated a proposal on Wednesday to [...] continue reading world news

And Now … Ireland: Pension Reserve Funds To Be Spent On The Banksters

Unbelievable! UP to €15 billion from the National Pensions Reserve Fund, set aside when the Celtic Tiger was still roaring, is likely to be used to recapitalise three of the country’s banks. Amid speculation last night that the rate of interest to be charged on the EU/IMF bailout could be as much as 6.7%, Fine [...] continue reading world news

THE Daily Express is the first national newspaper to call for Britain to leave the European Union

Must-see: - Nigel Farage: ‘Who the Hell do You Think You Are. The Euro Game Is Up!’ THE Daily Express is the first national newspaper to call for Britain to leave the European Union. From now on, our energies will be directed to furthering the cause of those who believe Britain is Better Off Out. [...] continue reading world news

China Inflation May Be Too Hot for Controls

Nov. 23 (Bloomberg) — Standing near his 12-table noodle shop on Beijing’s Yonghegong Avenue, owner Liu Heliang says meat and vegetable prices have climbed 10 percent in a year and staff wages are up 40 percent. “I’m struggling to make ends meet with costs going up like this,” said Liu, a native of Sichuan province [...] continue reading world news

Russia, China pledge bigger role for yuan, ruble

See also: - China, Russia, Iran are Dumping the Dollar, Buy Gold And Silver Russian Prime Minister Vladimir Putin shakes hands with his Chinese counterpart Wen Jiabao SAINT PETERSBURG (AFP) — Prime Minister Vladimir Putin said on Tuesday the Chinese yuan would soon start trading in Russia as the countries seek to challenge the dollar [...] continue reading world news

China, Russia, Iran are Dumping the Dollar, Buy Gold And Silver

Don’t miss: -  George Soros’ and John Paulson’s Biggest Holding Is GOLD -  Russia, China pledge bigger role for yuan, ruble Something is going on that your government does not want you to know about. Very few journalists have written about it and little or nothing has appeared in the mainstream media. The story could [...] continue reading world news

George Soros’ and John Paulson’s Biggest Holding Is GOLD

Remember that George Soros told the world that gold is a bubble and afterwards invested heavily in gold? Flashback: George: Soros: - George Soros not only doubled his gold investment, but also bought call options - George Soros More Than Doubled Gold ETF Stake in 4th Quarter John Paulson: - Hedge fund manager John Paulson [...] continue reading world news

California Will Default On Its Debt

Municipal bonds have plummeted in recent days, as investors have suddenly focused on huge state and city budget deficits that there’s no easy way to fix. Nowhere has this collapse been more visible than California, which faces a massive $25 billion shortfall and red ink for as far as the eye can see. After years [...] continue reading world news

How Billionaire George Soros Profits From New TSA Full-Body Scanners

And so does Former head of Homeland Security Michael Chertoff: - Full Body Scanner Lobby: Michael Chertoff & Rapiscan Be sure and read Tim Carney’s Examiner column today on the politically-connected lobby for the controversial new TSA scanners that are upsetting airline employees and travelers everywhere. Carney notes that a company called Rapiscan got a [...] continue reading world news

China introduces subsidies in response to double-digit food price inflation in October

Some vegetable prices have risen by almost two-thirds so far this month China’s government has said it will provide poorer households with subsidies in response to double-digit food price inflation. Inflation accelerated to 4.4% in October, with food prices rising 10.1%. The government also said it had not ruled out price controls if current grain [...] continue reading world news

UN: Food prices may rise by up to 20%

Poor harvests put global food reserves under pressure, with African and Asian countries likely to be worst hit Prices of wheat, maize and many other foods traded internationally have risen by up to 40% in just a few months. Photograph: Simon Maina/AFP/Getty Images The UN today warned that food prices could rise by 10%-20% next [...] continue reading world news

1 in 7 US Households Hit By Hunger Issues in 2009

* Emergency food pantry use up sharply in recent years * Food stamps used by 15 million families a month in 2009 WASHINGTON, Nov 15 (Reuters) – The number of U.S. households that reported getting emergency food from a food pantry almost doubled between 2007 and 2009, at the height of the recession, a government [...] continue reading world news

Open Letter To Fed Chairman Ben Bernanke – Economists, Investors And Political Strategists Oppose QE2

Open Letter to Ben Bernanke The following is the text of an open letter to Federal Reserve Chairman Ben Bernanke signed by several economists, along with investors and political strategists, most of them close to Republicans: We believe the Federal Reserve’s large-scale asset purchase plan (so-called “quantitative easing”) should be reconsidered and discontinued.  We do [...] continue reading world news

Senate Bill S. 510 Food Safety Modernization Act Vote Imminent: Outlaws Gardening And Saving Seeds

This is unconstitutional and violates your basic human right to grow your own food! This is treason! “The greatest danger to American freedom is a government that ignores the Constitution.” - Thomas Jefferson “God forbid we should ever be twenty years without such a rebellion…. And what country can preserve its liberties, if its rulers [...] continue reading world news

(Unelected) EU President Herman van Rompuy: The Man Who Wants Your Money

The European president Herman van Rompuy offers a tempting target for jokers. But his call for for the imposition of a common economic policy, backed up with surveillance and punishments, has a decidedly sinister ring . European president Herman van Rompuy: effective in Belgium, equally determined in Europe Herman van Rompuy, the president of Europe, [...] continue reading world news

China To Be World’s Biggest Economy Within Two Years

Barack Obama greets China’s Paramount Leader, Hu Jintao (Photo: Getty) Here’s a finding that will have any red-blooded American spluttering into his cornflakes. According to the Conference Board, a highly respected economic research association, China will overtake the US as the world’s biggest economy by 2012, or within two years. OK, so in dollar terms, [...] continue reading world news

Food Price Inflation: A Loaf of Wheat Bread May Soon Cost $23

“Within a decade, a loaf of wheat bread may cost $23 in a grocery store in the United States” The US has no decade left! Read the article in German here: - Preisinflation bei Nahrungsmitteln: Kostet ein Brot bald 23 Dollar? (NaturalNews) Within a decade, a loaf of wheat bread may cost $23 in a [...] continue reading world news

18 Percent of Americans Cannot Put Food on The Table

Nearly one in five Americans have said that there had been times over the past year when they could not afford to put food on the table, despite record participation in a food stamp scheme. People look at job listings at a government-run employment center in Las Vegas. One in five say they have struggled [...] continue reading world news

White House Probe Clears BP Over Oil Spill Disaster

On Halliburton: -  US Presidential Panel: Halliburton Knew Cement Mixed For BP Blowout Well Was Unstable -  Gulf of Mexico Oil Spill: The Halliburton Connection: The company acknowledged Friday that it had completed the final cementing of the oil well and pipe just 20 hours before the blowout… - AND: “Just eight days before the [...] continue reading world news

President Obama Warns of Unemployment Being ‘New Normal’ in US

The US government and the Federal Reserve (successfully!) apply the most effective economic policies to destroy the middle class and the poor. This is the Greatest Depression and the biggest financial collapse in history is near. Mr Obama is still smarting from heavy losses in the midterm elections Photo: AP In an interview with “60 [...] continue reading world news

China’s Leading Credit Rating Agency Cuts US Credit Rating to A+

Nov. 09 (Bloomberg) — China’s Dagong Global Credit Rating Co. reduced its credit rating for the U.S. to A+ from AA, citing a deteriorating intent and ability to repay debt obligations after the Federal Reserve announced more monetary easing. The credit outlook for the U.S. is “negative,” as the Fed’s plan to buy government debt [...] continue reading world news

Jesse Ventura Conspiracy Theory: Wall Street

- Catherine Austin Fitts: The Looting Of America (Must-see!): Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions [...] continue reading world news

China Says Fed Quantitative Easing May Flood World Economy With ‘Hot Money’

See also: -  QE2 – The Day After: Entire World Blasts Deranged Madman Bernanke’s Uncheckable Insanity - Federal Reserve Will Surpass China As Top Holder Of US Debt By The End Of The Month: Shit Just Got Real! - Federal Reserve To Spend $600 Billion More To Destroy The US Dollar And The Middle Class [...] continue reading world news

Catherine Austin Fitts: The Looting Of America

Flashback:  Former Assistant Secretary of Housing: The U.S. is the Global Leader in Illegal Money Laundering Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the [...] continue reading world news

In US 14 Percent Rely on Food Stamps, 42,389,619 Americans received food stamps in August

This, Americans, is so much more important than you: - US Spends 511 Million Dollars on Embassy Expansion in Afghanistan This is the change BS that you voted for and if you vote Republican, then you are also screwed and here is why: - Elite Puppet President Obama Exposed You do not really have a [...] continue reading world news

QE2 – The Day After: Entire World Blasts Deranged Madman Bernanke’s Uncheckable Insanity

Yes, the Federal Reserve is above the law! - Federal Reserve Will Surpass China As Top Holder Of US Debt By The End Of The Month: Shit Just Got Real! - Federal Reserve To Spend $600 Billion More To Destroy The US Dollar And The Middle Class - Federal Reserve Banksters Return to Jekyll Island [...] continue reading world news

Federal Reserve Will Surpass China As Top Holder Of US Debt By The End Of The Month: Shit Just Got Real!

See also: - Federal Reserve Banksters Return to Jekyll Island to Celebrate 100 Years of Successfully Destroying America - Federal Reserve To Spend $600 Billion More To Destroy The US Dollar And The Middle Class As is all too well known by now, starting over the next few days, the Fed will commence purchasing $75 [...] continue reading world news

Did somebody just try to buy the British government?

Hmmh, hmmmh, hmmmmh. (Hat tip to [REDACTED] over on LJ for spotting this one …) (DUE TO THE HEAVY LOAD WE’RE CURRENTLY EXPERIENCING, (90,000 page views/hour — just slightly more than this blog usually gets), comment posting may be slow (or fail completely). — cs.) Hansard is the official printed transcript of the proceedings of [...] continue reading world news

Irish Bond Yields Shooting To Record And Another Prof. Warns That It’s Just One Month Until Endgame

Irish 10-year yields are shooting to new records this morning. What’s going on? Now another University College Dublin professor, Karl Whelan, is warning that things could collapse in one month when the Irish budget is due. Yesterday it was Colm McCarthy, also a UCD professor, making similar comments that got people nervous again. Joe Weisenthal [...] continue reading world news

Fluoridation: A Horror Story

See also: - Fluoride: A Chronological History (Must-read!) - Scientific Facts on the Biological Effects of Fluoride - The Drugging Of America with Fluoride - Fluoride & The Manhattan Project (Declassified Government Documents) - Fluoride: A Toxic Poison That Accumulates In The Pineal Gland - Fluoride: The Phosphate Connection Introduction Earlier drafts of this essay [...] continue reading world news

Fluoride: A Chronological History

Fluoride is THE main ingredient in rat poison. Fluoride is THE main ingredient in Sarin nerve gas. Fluoride is THE main ingredient in Prozac. Fluoride destroys the brain (accumulates the pineal gland), the bones, the organs and causes cancer. Hitler and Stalin used it in concentration camps and gulags as mass control instrument to make [...] continue reading world news

US: Foreclosed Homeowners Sue Banksters to Regain Homes

See also: - Wells Fargo Admits to Thousands of Foreclosure Mistakes (Daily Finance) South Florida homeowners have filed suit against three major banks and are demanding more than compensation for what they say were illegal foreclosures. They want their property back, according to a complaint filed this week in U.S. District Court in Miami. Legal [...] continue reading world news

Gold Will Outlive Dollar Once Slaughter Comes

Related articles: - Iran’s Gold Reserves Multiplied Several Times In The Past Two Years: Central Bank - Super-Rich Investors Buy Gold By The Ton - Former IMF Chief Economist Prof. Kenneth Rogoff: $10,000 Gold? - Gold and Gold Mining Shares As a Percentage of Global Assets or ‘The Once In a Lifetime Ride’ - Saudi [...] continue reading world news

US Banksters Double Profits By Turning Their Loan-Loss Reserves Into Profit

Those banksters draw from their reserves so that the party can continue: - Wall Street Banksters To Hand Out $91 Billion In Salaries, Bonuses And Perks - Goldman Sachs puts aside $3.8 billion for salaries, bonuses and benefits, on top of $5.4 billion in the first three months of the year! They know that the [...] continue reading world news

99 Weeks: When Unemployment Benefits Run Out

This is the Greatest Depression. Prepare for collapse. Report On The Growing Number of Americans Who Are Exhausting Their Benefits (CBS) We met Claudia Bruce at the center. She was an office manager making $70,000 a year when she was laid off. Now her 99 weeks of unemployment checks are running out. She never imagined [...] continue reading world news

US: Treasury Draws NEGATIVE YIELD For The First Time

A statue of Albert Gallatin, a long-serving U.S. secretary of the Treasury, stands in front of he U.S. Treasury Building in Washington, D.C. Photographer: David Rogowski/Bloomberg The Treasury sold $10 billion of five-year Treasury Inflation Protected Securities at a negative yield for the first time at a U.S. debt auction as investors bet the Federal [...] continue reading world news

The Dylan Ratigan Show with Prof. William Black: ‘Fire Holder, Fire Geithner, Fire Bernanke’

Complete administrations should have been fired a long time ago: - Elite Puppet President Obama Exposed Even firing complete administrations would not solve the problem, because they are all only puppets of the elitists that OWN governments (all big parties), the Federal Reserve, other central banks, the big corporations and the mass media worldwide. - [...] continue reading world news

George Carlin Talks War And American Politics

“Elections and politicians are in place in order to give Americans the illusion that they have freedom of choice. You don’t really have choice in this country.” See also: - Divide And Rule – George Carlin And Bill Hicks Tell It Like It Is - George Carlin: The American Dream continue reading world news

FDIC Seizes 7 More Banks; US Bank Failures In 2010 Rise To 139

WASHINGTON (AP) — Regulators on Friday shut down a total of seven banks in Florida, Georgia, Illinois, Kansas and Arizona, lifting to 139 the number of U.S. banks that have fallen this year as soured loans have mounted and the economy has sputtered. The Federal Deposit Insurance Corp. took over the banks, the largest of [...] continue reading world news

France: Panic-Buying at Petrol Pumps – Industry ‘Losing at Least £100 Million a Day’

- French industry ‘losing at least £100 million a day’ (Telegraph): “If it is not stopped quickly, this disorder which is aimed at paralysing the country could have consequences for jobs by damaging the normal running of economic activity,” the President said in a statement yesterday. Jean Pelin, director general of France’s chemical industries association, [...] continue reading world news

Report: Fannie Mae, Freddie Mac Bailouts Could Hit $363 Billion

See also: - Three Horrifying Facts About the US Debt ‘Situation’: #3: The US will Default on its Debt … either that or experience hyperinflation. There is simply no other option. We can NEVER pay off our debts. To do so would require every US family to pay $31,000 a year for 75 years. Bear [...] continue reading world news

ROFL! – Geithner: America Will Not Engage In Dollar Devaluation – Fed Officials: More Quantiative Easing

There are not much choices left: -  Three Horrifying Facts About the US Debt ‘Situation’: #3: The US will Default on its Debt … either that or experience hyperinflation. There is simply no other option. We can NEVER pay off our debts. To do so would require every US family to pay $31,000 a year [...] continue reading world news

UK Government To Cut 500,000 Public Sector Jobs And Sharply Reduce Welfare Payments

UK government stakes its future on austerity plan Members of workers’ unions chant slogans at a rally to protest the British government proposed cuts, in central London, Tuesday Oct. 19, 2010. Britain’s finance chief George Osborne is due to present a Comprehensive Spending Review to parliament on Wednesday Oct. 20, giving details of how the [...] continue reading world news

Attorneys General of All 50 US States Announce Foreclosure Probe

The attorneys general of all 50 U.S. states announced Wednesday that they are joining to probe mortgage loan servicers who are accused of submitting false affidavits, but they stopped short of calling for a national moratorium. The multistate investigation will initially focus on whether Bank of America, J.P. Morgan Chase, Ally Financial and other large [...] continue reading world news

85 Percent of College Graduates Move Back Into Their Parents’ Home

NEW YORK (CNNMoney.com) — Getting a degree used to be a stepping stone to limitless career opportunities. Now it’s more of a hiatus from living under your parents’ roof. Stubbornly high unemployment — nearly 15% for those ages 20-24 — has made finding a job nearly impossible. And without a job, there’s nowhere for these [...] continue reading world news

Gold and Gold Mining Shares As a Percentage of Global Assets or ‘The Once In a Lifetime Ride’

World’s biggest gold coin From our readings of Casey Research we found a great chart and comments from Eric Sprott of Sprott Asset Management, we bring this to your attention: Eric Sprott -  ….“The conventional wisdom is that gold is in a bubble. It isn’t so. At the just-concluded Casey’s Gold & Resource Summit, Eric [...] continue reading world news

How The Federal Reserve Stole $2 Trillion From The U.S. Treasury

The Fed’s Furtive Filching $2,000,000,000,000.00 dollars has been stolen from the US Treasury!! What happened? Who did it? Did they get away with it? The answers: A ‘false flag’ event, the Federal Reserve, and yes. The theft was planned. It started with a ‘false flag’ event in 2008. Much like the ‘false flag’ event of [...] continue reading world news

Rep. Alan Grayson To FBI: Handcuff The Banksters

October 14, 2010 Robert S. Mueller III Director Federal Bureau of Investigation 935 Pennsylvania Ave, NW Washington, DC 20535 Robert O’Neill US Attorney Central District of Florida 400 North Tampa Street, Suite 3200 Tampa, FL 33602 Dear US Attorney Robert O’Neill and Director Mueller, When it comes to foreclosures, there is mounting evidence of a [...] continue reading world news

Analyst: ‘America Is Practically Owned By China’

Related articles: -  Three Horrifying Facts About the US Debt ‘Situation’: #3: The US will Default on its Debt … either that or experience hyperinflation. There is simply no other option. We can NEVER pay off our debts. To do so would require every US family to pay $31,000 a year for 75 years. Bear [...] continue reading world news

Gold, Silver Reach New Record High As US Dollar Slides

Gold Surges To Fresh Record Spot Of $1,367.65 On Report China To Put More Reserves Into Gold (Click on image to enlarge.) And so gold takes off, as the CRB index passes 300, with America blissfully unaware $100 oil and 20% U-6 unemployment is next, leading to a total collapse in the economy. The catalyst: [...] continue reading world news

Wall Street Banksters To Hand Out $91 Billion In Salaries, Bonuses And Perks

Greed: The majority of Wall Street workers expected their earnings to rise by up to 50 per cent compared to 2009, despite the economic crisis Source: The figures come from a survey by The Wall Street Journal Wall Street firms will hand out £91billion in salaries, bonuses and perks, according to research published yesterday. The [...] continue reading world news

Super-Rich Investors Buy Gold By The Ton

After calling  gold the ultimate bubble George Soros did this : -  George Soros Dumps US Equities – Did He Buy Even More Gold? -  George Soros not only doubled his gold investment, but also bought call options -  George Soros More Than Doubled Gold ETF Stake in 4th Quarter GENEVA (Reuters) – The world’s [...] continue reading world news

Three Horrifying Facts About the US Debt ‘Situation’

- Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data (CNS NEWS): (CNSNews.com) – In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the [...] continue reading world news

UK Home Prices Plunged Record 3.6% in September

Oct. 07 (Bloomberg) — U.K. house prices plunged in September by the most since at least 1983, adding to evidence that the housing market faces a renewed slump as the government readies the biggest spending cuts since World War II. The average cost of a home fell 3.6 percent from August to 162,096 pounds ($258,000), [...] continue reading world news

Tickerguy On Dylan Ratigan Show – Massive Fraud At The Highest Levels!

Posted 2010-10-07 18:30 by Karl Denninger Source: Market Ticker continue reading world news

Bank of America Extends Freeze on Foreclosures to All 50 States

Oct. 08 (Bloomberg) — Bank of America Corp., the biggest U.S. lender, extended a freeze on foreclosures to all 50 states as concern spread among federal and local officials that homes are being seized based on false data. “We will stop foreclosure sales until our assessment has been satisfactorily completed,” the Charlotte, North Carolina- based [...] continue reading world news

Ben Bernanke Tells the Truth: The US is on the Brink of Financial Disaster

If elite puppets like Ben Bernanke finally admit the truth, then we are getting very close to greatest financial collapse in history. The US is totally bankrupt and the Greatest Depression is here. Yesterday, Federal Reserve Chairman Ben Bernanke delivered a speech before the the Annual Meeting of the Rhode Island Public Expenditure Council in Providence, [...] continue reading world news

US: Broke Cities Ask Broke States For Help

Don’t miss: - Meredith Whitney: US Government Will Have to Bailout States in Next 12 Months Prepare for collapse and the Greatest Depression. - Super-Rich Investors Buy Gold By The Ton ‘It’s like throwing you a life preserver but never pulling you into the boat’ Harrisburg, the capital of Pennsylvania, dodged financial disaster last month [...] continue reading world news

Meredith Whitney: US Government Will Have to Bailout States in Next 12 Months

The US is totally broke. Prepare for collapse and the Greatest Depression. -  US Government ‘Hiding True Amount of Debt’, Engages in ‘Enron Accounting’ The U.S. government will face pressure to bail out struggling states in the next 12 months, said Meredith Whitney, the banking analyst who correctly predicted Citigroup Inc.’s dividend cut in 2008. [...] continue reading world news

Europe: Bond Refinancings Outweigh Deficit Reduction Plans

Oct. 4 (Bloomberg) — Record refinancing needs for Europe’s highest-deficit nations may overshadow spending cuts next year and increase the risk that more countries will follow Greece in requiring a rescue to avoid default. Euro-region governments have to repay 582 billion euros ($803 billion) of debt in 2011, up from 521 billion euros this year, [...] continue reading world news

Europe: Bond Refinancings Outweigh Deficit Reduction Plans

Oct. 4 (Bloomberg) — Record refinancing needs for Europe’s highest-deficit nations may overshadow spending cuts next year and increase the risk that more countries will follow Greece in requiring a rescue to avoid default. Euro-region governments have to repay 582 billion euros ($803 billion) of debt in 2011, up from 521 billion euros this year, [...] continue reading world news

Ireland: State can no longer borrow money

See also: - Irish ‘Groundhog Day’ & Ireland Cancels All Remaining 2010 Bond Auctions Due To Market ‘Turbulence’ - Europe: Bond Refinancings Outweigh Deficit Reduction Plans IRELAND CAN no longer borrow on the international markets because its “sovereign creditworthiness is gone”, Fine Gael finance spokesman Michael Noonan has said. He said that “Anglo Irish Bank [...] continue reading world news

Ireland: State can no longer borrow money

See also: - Irish ‘Groundhog Day’ & Ireland Cancels All Remaining 2010 Bond Auctions Due To Market ‘Turbulence’ - Europe: Bond Refinancings Outweigh Deficit Reduction Plans IRELAND CAN no longer borrow on the international markets because its “sovereign creditworthiness is gone”, Fine Gael finance spokesman Michael Noonan has said. He said that “Anglo Irish Bank [...] continue reading world news

Joseph Stiglitz: The Euro May Not Survive

It is correct that the euro, the dollar and the pound will not survive and that a new world currency will be proposed as the only solution to all problems. Deficit spending (Keynesianism) is an invention of elite criminals that want to loot and bankrupt the people: “In the absence of the gold standard, there [...] continue reading world news

Wave of strikes cripples Europe as workers vent fury at budget cuts

Series of co-ordinated protests hits 13 capital cities from Madrid to Brussels An estimated 100,000 demonstrators from all over Europe marched outside the EU institutions’ headquarters in Brussels Workers across Europe yesterday vented their anger against government spending cuts and tax hikes that unions said would punish the poor. Rallies were called in 13 capital [...] continue reading world news

Wave of strikes cripples Europe as workers vent fury at budget cuts

Series of co-ordinated protests hits 13 capital cities from Madrid to Brussels An estimated 100,000 demonstrators from all over Europe marched outside the EU institutions’ headquarters in Brussels Workers across Europe yesterday vented their anger against government spending cuts and tax hikes that unions said would punish the poor. Rallies were called in 13 capital [...] continue reading world news

Pakistan Forced To Take Loan From World Bank (Because Of Slow Pace Of Aid Forces)

See also:- Pakistan Floods: Cholera Spreads, Water Levels Continue To Rise, 20 Million Made Homeless In Worst Natural Disaster In Pakistan’s History A displaced family wades through floodwaters in the Muzaffargarh district of Pakistan’s Punjab province. The lives of 20 million people have been disrupted by the worst floods to hit the country (REUTERS)The world [...] continue reading world news

Greece: Bilderberg PM Papandreou Pledges to Probe Role of Foreign Banksters (Goldman Sachs) in Fianancial Meltdown

Oh, sure!- Bilderberg 2000 with Papandreou - Bilderberg 2010 with Minister of Finance George PapaconstantinouSo don’t hold your breath!Loyd Blankfein (Lord Blankfein)See also:- Greece: Beyond $1.2 Trillion Debt, $250,000 Per Working Adult- Top German Economist: EU Austerity Policies Risk Civil War In Greece - Greece Puts Its Islands Up For Sale In Order To SurviveFlashback:- [...] continue reading world news

World Gripped By ‘International Currency War’

• Brazilian finance minister Guido Mantega speaks out against devaluations• Economists fear increasing currency volatility and instability A Chinese bank teller counts notes in Beijing. China has kept the yuan weak to boost exports and has resisted US pressure to allow it to rise Photograph: Frederic J Brown/AFP/Getty ImagesThe world is in [...] continue reading world news

Moody’s Cuts Last of Spain’s Triple-A Ratings

And the people will be footed with the bill created by elite criminals that control all governments and are bankrupting one country after the other.This is just the beginning for Spain.  Next are  Ireland, Portugal, Italy, the UK and France.* Cuts Spain ratings to Aa1 vs AAA on weak growth outlook* Says Spain vow on [...] continue reading world news

Bank of England deputy Charles Bean to Brits: Spend, spend, spend!

BoE’s Charlie Bean got it right! Spend, spend, spend!Buy gold, silver, food, a remote farm and guns!Prepare for collapse and become self-sufficient!See also:- UK Food Inflation Could Hit 7 Percent By Year’s End (Telegraph)- Bank of England Governor Mervyn King warns that Britons face higher inflation for longer (Telegraph)- UK Food Prices Soar Up To [...] continue reading world news

World Gripped By ‘International Currency War’

• Brazilian finance minister Guido Mantega speaks out against devaluations• Economists fear increasing currency volatility and instability A Chinese bank teller counts notes in Beijing. China has kept the yuan weak to boost exports and has resisted US pressure to allow it to rise Photograph: Frederic J Brown/AFP/Getty ImagesThe world is in [...] continue reading world news

Bank of England deputy Charles Bean to Brits: Spend, spend, spend!

BoE’s Charlie Bean got it right! Spend, spend, spend!Buy gold, silver, food, a remote farm and guns!Prepare for collapse and become self-sufficient!See also:- UK Food Inflation Could Hit 7 Percent By Year’s End (Telegraph)- Bank of England Governor Mervyn King warns that Britons face higher inflation for longer (Telegraph)- UK Food Prices Soar Up To [...] continue reading world news

Gold at Record High; Silver Hits $21.74 an Ounce

World’s biggest gold coin- Gold Extend Rally to Record as Dollar’s Slump Spurs Demand From Investors (Bloomberg)Gold rose to a record for the eighth time in two weeks as the dollar dropped to the lowest level since early February, boosting investor demand. Silver extended gains, reaching the highest price since 1980.Prices jumped to an all-time [...] continue reading world news

UN warned of major new food crisis at emergency meeting in Rome

I have warned you of a major ‘engineered’ food crisis by the elite before.Environmental disasters and speculative investors are to blame for volatile food commodities markets, says UN’s special adviser July’s wildfires in Russia have led to a draconian wheat ban, pushing up prices. Photograph: Maxim Shipenkov/EPAThe world may be on the brink of a [...] continue reading world news

Gold at Record High; Silver Hits $21.74 an Ounce

World’s biggest gold coin- Gold Extend Rally to Record as Dollar’s Slump Spurs Demand From Investors (Bloomberg)Gold rose to a record for the eighth time in two weeks as the dollar dropped to the lowest level since early February, boosting investor demand. Silver extended gains, reaching the highest price since 1980.Prices jumped to an all-time [...] continue reading world news

Gold Climbs to Record $1,300 an Ounce, Silver at 30-Year High

Gold is heading for its 10th consecutive annual gain, the longest winning streak since at least 1920.Gold futures rose to a record $1,300 an ounce in New York as investors sought a protection of wealth and an alternative to a weakening dollar. Bullion traded at an all-time in London and silver reached the highest price [...] continue reading world news

UN warned of major new food crisis at emergency meeting in Rome

I have warned you of a major ‘engineered’ food crisis by the elite before.Environmental disasters and speculative investors are to blame for volatile food commodities markets, says UN’s special adviser July’s wildfires in Russia have led to a draconian wheat ban, pushing up prices. Photograph: Maxim Shipenkov/EPAThe world may be on the brink of a [...] continue reading world news

Flood and Debts Push Pakistan To The Brink Of Ruin

“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”- John AdamsRelated articles:- Pakistan Forced To Take Loan From World Bank (Because Of Slow Pace Of Aid Forces)- Pakistan Floods: Cholera Spreads, Water Levels Continue To Rise, 20 Million Made Homeless In Worst Natural Disaster [...] continue reading world news

Gold Climbs to Record $1,300 an Ounce, Silver at 30-Year High

Gold is heading for its 10th consecutive annual gain, the longest winning streak since at least 1920.Gold futures rose to a record $1,300 an ounce in New York as investors sought a protection of wealth and an alternative to a weakening dollar. Bullion traded at an all-time in London and silver reached the highest price [...] continue reading world news

A number of the world’s biggest banks back switch from dollar to renminbi for trade

Before you read the Financial Times article below, read this, if you haven’t done so:- Mike Krieger: This Is The Last Dance:They refuse to allow the yuan to strengthen because they know that once they do that it will mark the real end of the dollar era. So instead they are spending like crazy on [...] continue reading world news

A number of the world’s biggest banks back switch from dollar to renminbi for trade

Before you read the Financial Times article below, read this, if you haven’t done so:- Mike Krieger: This Is The Last Dance:They refuse to allow the yuan to strengthen because they know that once they do that it will mark the real end of the dollar era. So instead they are spending like crazy on [...] continue reading world news

Daily Currency Trading Volume Hits Record $4 Trillion

Just wait for the currency markets meltdown!Expect another ‘Problem - Reaction - Solution’ scenario created by the elite anytime soon. Here is some background on the BIS (Bank for International Settlements):- BIS: Currency Collapse May Stimulate Economic Expansion (Bloomberg)Remember?- President Medvedev Shows Off Sample Coin of New World Currency at G8 (Bloomberg) Percentage share of [...] continue reading world news

Daily Currency Trading Volume Hits Record $4 Trillion

Just wait for the currency markets meltdown!Expect another ‘Problem - Reaction - Solution’ scenario created by the elite anytime soon. Here is some background on the BIS (Bank for International Settlements):- BIS: Currency Collapse May Stimulate Economic Expansion (Bloomberg)Remember?- President Medvedev Shows Off Sample Coin of New World Currency at G8 (Bloomberg) Percentage share of [...] continue reading world news

Alcohol Drinking In Britain Sees Sharpest Fall Since Records Began In 1948 (Recovery!)

Cheers!See also:- UK: Winter fuel payment cuts to hit millions of pensioners, despite pre-election promises- UK: Pensioners are burning books to keep warmConsumers drank on average five bottles of wine fewer last year as health concerns and the recession combined to bring biggest drop in alcohol consumption since records [...] continue reading world news

Alcohol Drinking In Britain Sees Sharpest Fall Since Records Began In 1948 (Recovery!)

Cheers!See also:- UK: Winter fuel payment cuts to hit millions of pensioners, despite pre-election promises- UK: Pensioners are burning books to keep warmConsumers drank on average five bottles of wine fewer last year as health concerns and the recession combined to bring biggest drop in alcohol consumption since records [...] continue reading world news

Alcohol Drinking In Britain Sees Sharpest Fall Since Records Began In 1948 (Recovery!)

Cheers!See also:- UK: Winter fuel payment cuts to hit millions of pensioners, despite pre-election promises- UK: Pensioners are burning books to keep warmConsumers drank on average five bottles of wine fewer last year as health concerns and the recession combined to bring biggest drop in alcohol consumption since records [...] continue reading world news

UK Food Inflation Could Hit 7 Percent By Year’s End

See also:- Bank of England Governor Mervyn King warns that Britons face higher inflation for longer (Telegraph)- UK Food Prices Soar Up To 58 Percent In Just 3 Years (Daily Mail)- UK: Food Inflation May Rise 10 Percent Before Christmas (Telegraph)- Bank of England’s Mervyn King Warns Over High Inflation (Telegraph)Annual food inflation could reach [...] continue reading world news

US Government ‘Hiding True Amount of Debt’, Engages in ‘Enron Accounting’

Prepare for collapse and the Greatest Depression.Sept. 20 — THE actual figure of the US’ national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited on Sunday by the New York Post.“The Government is lying about the amount of debt. It [...] continue reading world news

Wall Street’s Habit of ‘Window Dressing’ Isn’t Illegal - It’s Just Wrong

US Outlook: Even regulators have taken to using the phrase “window dressing” to describe Wall Street banks’ habit of reducing their short-term borrowings for a few days around the end of each quarter, in order to make themselves look less risky than they really are.Window dressing [...] continue reading world news

Bundesbank President Weber: Financial Crisis Is Not Over

Weber warns crisis is ongoing as fears mount over IrelandAxel Weber Europe’s financial crisis is not yet over, one of the single currency bloc’s most senior policymakers warned yesterday, as he urged further reform of banking regulation.Axel Weber, the President of Germany’s Bundesbank and a leading member of the council of the European Central Bank, [...] continue reading world news

US Census Bureau Reports Highest Poverty Rate Since 1994: 14.3 Percent

The nation’s poverty rate jumped to 14.3% in 2009, its highest level since 1994, and the 43.6 million Americans in need is the highest number in 51 years of record-keeping, the government said Thursday.The Office of Management and Budget defined the poverty threshold level as less than $21,954 for a family of four in 2009 [...] continue reading world news

US: Foreclosures Rise; Bank Repossessions Set New Record

War is peace. Freedom is slavery. Ignorance is strength. Recovery is collapse.US foreclosure activity rose in August from the previous month, and banks and lenders took ownership from homeowners at a record pace, according to a new report released Thursday. Fuse | Getty ImagesForeclosure fillings rose 4.18 percent in August from July. Bank repossessions, often [...] continue reading world news

Interview With Gerald Celente: The Gestapo of Food

On S 501:- RED ALERT: Dr. Rima E. Laibow On The Food Safety Bill (S 510): This Bill Eliminates All Local Farming, Organic Farmers and Garden FarmersMore with Gerald Celente:- Overdose - The Next Financial Crisis (Documentary)- The No.1 Trend Forecaster Gerald Celente: And Now We’re Headed For The GREATEST Depression- Judge Napolitano on Freedom [...] continue reading world news

Canada: 59% Would Be In Trouble If Their Pay Was Delayed By A Week

59% of Canadians would be in trouble if their pay was delayed by a week: pollThe recession may be officially over, but six in 10 Canadians are still surviving from paycheque to paycheque, a national survey showed Monday.Fifty-nine per cent of Canadian workers say they would be in financial trouble if their paycheque was delayed [...] continue reading world news

Cuba to lay off at least 500,000 state workers in 6 months, allow private jobs

See also: Fidel Castro: Cuba’s Communism Doesn’t WorkCuban barbers, like this one working in Havana last month, became self-employed in April.Havana, Cuba (CNN) — Cuba announced on Monday it would lay off “at least” half a million state workers over the next six months and simultaneously allow more jobs to be created in the private [...] continue reading world news

Greece: Beyond $1.2 Trillion Debt, $250,000 Per Working Adult

Beware of Greeks Bearing BondsVOW OF PROPERTYFather Arsenios at the Vatopaidi monastery, overlooking the Aegean Sea, in Mount Athos, Greece. He is considered by many to be Vatopaidi’s C.F.O., “the real brains of the operation.”As Wall Street hangs on the question “Will Greece default?,” the author heads for riot-stricken Athens, and for the mysterious [...] continue reading world news

China Blacks Out Towns To Meet Energy Goal

BEIJING — Chinese steel mills and mobile phone factories are being idled and thousands of homes in one area are doing without electricity as local governments order power cuts to meet energy-saving targets set by Beijing.Rolling blackouts and enforced power cuts are affecting key industrial areas. The prosperous eastern city of Taizhou turned off street [...] continue reading world news

Max Keiser on the Middle Class And Revolution

Added: 8. September 2010 continue reading world news

Overdose - The Next Financial Crisis (Documentary)

Just in case you still haven’t watched this:- George Carlin: The American Dream1 of 3:2 of 3:3 of 3:An ABC - Four Corners documentary about the coming economic crisis, featuring Gerald Celente and Peter Schiff. Original air date: 23rd August, 2010.See also:- Prof. Nouriel Roubini: No Defence Left Against Double-Dip Recession- American Deaths In Afghanistan Surpass [...] continue reading world news

China To Build $2 Billion Railway For Iran

China is poised to sign a $2bn (£1.3bn) deal to build a railway line in Iran in the first step of a wider plan to tie the Middle East and Central Asia to Beijing. The Chinese have already built a railway line serving Tibet, above, and now plan a [...] continue reading world news

The Rothschild Documentary

See also: Plastiki Skipper David de Rothschild’s Masonic HandshakeThe Rothschild secret financial records were never audited and never accounted for.Researchers estimate their wealth at close to $500 trillion.1 of 6:2 of 6:3 of 6:4 of 6:5 of 6:6 of 6: continue reading world news

Top German Economist: EU Austerity Policies Risk Civil War In Greece

Greece should have defaulted on its debt and have the banksters and stupid investors eat the losses.Instead the people in Greece and the EU will be presented with the bill of this crisis, that was created by corrupt elite criminals.- Former Bundesbank Head Karl Otto Pöhl: Bailout Plan Is All About ‘Rescuing Banks and Rich [...] continue reading world news

Web Of Blackwater (Xe) Companies Revealed

Blackwater Worldwide created a web of more than 30 shell companies or subsidiaries in part to obtain millions of dollars in American government contracts after the security company came under intense criticism for reckless conduct in Iraq, according to Congressional investigators and former Blackwater officials.While it is not clear how many of those businesses won [...] continue reading world news

Prof. Nouriel Roubini: No Defence Left Against Double-Dip Recession

Just that there never was a defense. This entire financial crisis has been engineered.This will also not be a double-dip recession, but the Greatest Depression ever.The United States, Japan and large parts of Europe have exhausted their policy arsenal, leaving them defenceless against a double-dip recession as recovery slows [...] continue reading world news

Global Food Shortage Fears As Russia Extends Wheat Export Ban

Yes, the elite will stage a global food crisis, which is why I have told you to prepare for it a long time ago.Vladimir Putin has announced Russia will not lift a ban on grain exports before next year’s harvest, extending the embargo for another year, sparking fears over [...] continue reading world news

The Reason Hemp Is Illegal: The Marijuana Conspiracy

Smoking it does destroy the brain, BUT … (Watch the video “Hemp For Victory below.”)They say marijuana is dangerous. Pot is not harmful to the human body or mind. Marijuana [...] continue reading world news

US Auto Sales May Hit 28-Year Low as Discounts Flop

See also:- US: Record 1 in 6 Americans in Government Anti-Poverty Programs Aug. 31 (Bloomberg) — U.S. auto sales in August probably were the slowest for the month in 28 years as model-year closeout deals failed to entice consumers concerned the economy is worsening and they may lose their jobs.Industrywide deliveries, to be released tomorrow, [...] continue reading world news

Nationalised Anglo Irish Bank Posts €8.2 Billion Losses For Half Of 2010!

See also:- Moody’s Downgrades Ireland’s Credit Rating- Anglo Irish Bank losses are the worst in the entire worldThis is totally absurd!Nationalised Anglo Irish Bank today posted losses of 8.2 billion euro (£6.7 billion) for half of 2010, claiming it was still battling through an exceptionally difficult period.The state-run bank, [...] continue reading world news

US: Record 1 in 6 Americans in Government Anti-Poverty Programs

The Greatest Depression!WASHINGTON (USA TODAY) — Government anti-poverty programs that have grown to meet the needs of recession victims now serve a record one in six Americans and are continuing to expand.More than 50 million Americans are on Medicaid, the federal-state program aimed principally at the poor, a survey of state data by USA TODAY [...] continue reading world news

Gates Foundation Buys 500,000 Monsanto Shares … And Here Is Why!

And here is why the ‘noble‘ Gates Foundation bought Monsanto shares!!!:- RED ALERT: Dr. Rima E. Laibow On The Food Safety Bill (S 510): This Bill Eliminates All Local Farming, Organic Farmers and Garden FarmersWell, well, well. It’s about time. Kind of like when Fox News gave $1 million in campaign contributions to Republicans. It [...] continue reading world news

‘INSIDE JOB’ Official Trailer in HD!

Added: 23. August 2010From Academy Award® nominated filmmaker, Charles Ferguson (”No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research [...] continue reading world news

US Home Sales in July: Record Drop Of 27 Percent, The Largest Monthly Drop On Record

THE GREATEST DEPRESSION!Sales of previously occupied homes, like this one in Springfield, Ill., plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices.WASHINGTON — Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in [...] continue reading world news

Federal Reserve Seeks Delay of Bank Data Release While Considering Appeal

See also:- Investigative Reporter Mark Pittman Responsible For Bloomberg News Lawsuit Against The Federal Reserve Dies At 52 (Bloomberg)- Judge: Federal Reserve Must Release Reports on Emergency Bank Loans (Bloomberg by Mark Pittman)- Federal Reserve Refuses to Disclose Recipients of $2 Trillion (Bloomberg by Mark Pittman)Aug. 26 (Bloomberg) — The Federal Reserve Board sought to [...] continue reading world news

Gulf claims chief Ken Feinberg says BP no-sue rule was his idea, takes control of BP’s $20bn fund

Oil spill claims tsar Ken Feinberg takes control of BP’s $20bn fundObama’s former pay tsar Kenneth FeinbergBP’s $20bn (£12.9bn) compensation and clean-up fund officially opened for business on Monday as Ken Feinberg, the man in charge of the process, said he was behind a decision to limit successful claimants from suing the British oil giant. [...] continue reading world news

Ron Paul Calls for Audit of US Gold Reserves

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” said U.S. Rep. Ron Paul of the Federal Reserve.Editor’s Note: Catch Dr. Ron Paul at the upcoming Kitco Metals eConference September 12-13, 2010. A not-to-be missed event featuring Marc Faber, James Dines and other [...] continue reading world news

US Cities Sell Parking, Airports, Zoo To Help Closing Budget Gaps

Facing Budget Gaps, Cities Sell Parking, Airports, Zoo Dallas privatized the operation of its zoo and now wants to sell the Farmers’ Market and Fair ParkCities and states across the nation are selling and leasing everything from airports to zoos-a fire sale that could help plug budget holes now but worsen their financial woes over [...] continue reading world news

US: Bankruptcies Reach Nearly 5-Year High

U.S. bankruptcy filings have reached the highest level since 2005, government data released on Tuesday show, as the economy slows and the unemployment rate hovers just below double digits.There were 422,061 bankruptcy filings between April and June, according to the Administrative Office of the U.S. Courts, up 9 percent from 388,148 in the prior three-month [...] continue reading world news

Nearly 50 Percent leave Obama Mortgage-Relief Program

WASHINGTON — Nearly half of the homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out.A new report issued Friday by the Treasury Department said that approximately 630,000 people who had tried to get their monthly mortgage payments lowered through the effort have been cut loose through July. That’s about 48 percent [...] continue reading world news

The No.1 Trend Forecaster Gerald Celente: And Now We’re Headed For The GREATEST Depression

The fake “recovery” was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun’s over, and we’re headed for what Celente describes as the “Greatest Depression.”Specifically, the always startling Celente says the country is headed for rising unemployment, poverty, and violent class warfare as the [...] continue reading world news

US: Jobless Claims Jump to Highest Level Since November

The Greatest Depression is here.- US: Bankruptcies Reach Nearly 5-Year High- US Cities Face Up To MASSIVE Cuts- Why the US is as busted as a busted flush - IMF analysis suggests the US is fiscally bankrupt- John Williams: ‘Times That Try Our Souls’ (U.S. Bankruptcy - Hyperinflation - Great Depression), Preparedness Can Save Your [...] continue reading world news

George Soros Dumps US Equities - Did He Buy Even More Gold?

For months now insiders have sold their stocks and the elite puppet financier heavyweight George Soros also slashed his exposure to US equities.Before George Soros told us that: “The ultimate asset bubble is gold.”But look what the did after telling us about the ‘gold bubble’:- George Soros not only doubled his gold investment, but also [...] continue reading world news

Bank of England Governor Mervyn King warns that Britons face higher inflation for longer

Mervyn King ‘nuked’ the UK by using what economists call the ‘nuclear option’ (=quantitative easing = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft) …- Bank of England extends quantitative easing to £200 billion (Guardian)… and now he warns [...] continue reading world news

Harvard University Fund Sells All Israel Holdings

No reason for the sale was mentioned in the report to the SEC.In another blow to Israeli shares, the Harvard Management Company notified the US Securities and Exchange Commission (SEC) on Friday that it had sold all its holdings in Israeli companies during the second quarter of 2010. No reason for the sale was mentioned. [...] continue reading world news

UAE Traders Import At Least 5 Tonnes Of Fake Gold, With a Minimum Loss of $ 200 Million

Gold imported into the UAE by traders and investors turned out to be fake on closer inspectionGold imported into the UAE by traders and investors turned out to be fake on closer inspection. (FILE)Several tons of gold imported into the UAE by traders and investors turned out to be fake on closer inspection, resulting in [...] continue reading world news

Afghanistan Discovers 1.8 Billion Barrel Oilfield

KABUL (Reuters) - Afghanistan said on Sunday it had discovered an oilfield with an estimated 1.8 billion barrels in the north of the war-ravaged country, where U.S. and other foreign forces are trying to tame a Taliban-led insurgency.The discovery of the basin between northern Balkh and Shiberghan provinces was made after a survey conducted by [...] continue reading world news

Why the US is as busted as a busted flush - IMF analysis suggests the US is fiscally bankrupt

Prepare for collapse:- John Williams: ‘Times That Try Our Souls’ (U.S. Bankruptcy - Hyperinflation - Great Depression), Preparedness Can Save Your Life:The government is effectively bankrupt. Using GAAP accounting principles, the annual deficit is running in the range of $4 trillion to $5 trillion. That’s beyond containment. The government can’t cover it with taxes. They’d [...] continue reading world news

What the Chinese really think of ‘Man-Made Global Warming’

Low-income coal miners rest before starting their shift in a privately run coal mine close to You Fang Liang, Ningxia Province, north eastern China (EPA)One of the great lies told us by our political leaders in order to persuade us to accept their swingeing and pointless green taxes and their economically suicidal, environmentally vandalistic wind-farm [...] continue reading world news

Judge Napolitano on Freedom Watch With Ron Paul, Lew Rockwell, Justin Raimondo And Gerald Celente

Listen to Gerald Celente America!Rome is burning:- John Williams: ‘Times That Try Our Souls’ (U.S. Bankruptcy - Hyperinflation - Great Depression), Preparedness Can Save Your LifeSo what have the elitists planned for the US? Total collapse and/or WW III? - Former CIA And Military Officials To Obama: Israel Prepares To Attack Iran This MonthPart 1 [...] continue reading world news

John Williams: ‘Times That Try Our Souls’ (U.S. Bankruptcy - Hyperinflation - Great Depression), Preparedness Can Save Your Life

Highly recommended reading.The Greatest Depression is here. When Fed Chairman Ben Bernanke admits to seeing an “unusually uncertain” economy ahead, it’s pretty terrifying to imagine what he’s really thinking. What John Williams envisions-and he’s by no means looking to the far horizon-is a systemic collapse, a hyperinflationary great depression and the cessation of normal commerce. [...] continue reading world news

HP CEO Mark Hurd gets about $28 million in cash and stock just to walk away

SAN FRANCISCO (AP) — The ouster of Hewlett-Packard Co.’s CEO leaves a hole in the world’s largest technology company.Mark Hurd engineered a stunning turnaround of the Silicon Valley stalwart. Under Hurd, HP has spent more than $20 billion on acquisitions to transform itself from a computer and printer maker dependent on ink sales for profits [...] continue reading world news

Gulf Oil Blowout: Matt Simmons Was Right!

Matt Simmons died today:- Matt Simmons Dies In An ‘Accidental Drowning’ At His Home1 of 4:2 of 4:3 of 4:4 of 4:See also:- Matthew Simmons: ‘We’ve Now Killed The Gulf Of Mexico’: “What we don’t know anything about is the open hole which is caused by the drill bit when it tossed the blow-out preventer [...] continue reading world news

WHAT A GOVERNMENT CAN DO WITH ITS OWN BANK!

THE REMARKABLE MODEL OF THE COMMONWEALTH BANK OF AUSTRALIAThe US Federal Reserve is as federal as Federal Express and there are no reserves. The Federal Reserve has been founded in secret and is privately owned by elite criminals.Virg Bernero, the mayor of Lansing, Michigan, just won the Democratic nomination for governor of his state, making [...] continue reading world news

US Job Losses In July Are Double Expected Figure

There is no recovery! This is the Greatest Depression.- US: Food stamp Use Hit Record 40.8 Million in May• American firms shed 131,000 jobs in July• UK thinktank warns British ‘depression’ will last until 2012 Job seekers speak with recruiters during a career fair in Chicago but there are fears that a recovery in the [...] continue reading world news

Richard C. Cook: 2010 - Humanity’s Choice as Foreseen by Rudolf Steiner

Richard C. Cook (born October 20, 1946) is a former U.S. federal government analyst, who was instrumental in exposing White House cover-ups regarding the Space Shuttle Challenger disaster of 1986. As a witness to the incident and a participant in the subsequent investigations, Cook provided key document to The New York Times and testified before [...] continue reading world news

Goldman Sachs puts aside $3.8 billion for salaries, bonuses and benefits, on top of $5.4 billion in the first three months of the year!

A $550m settlement to make related fraud charges go away is ‘peanuts’ for Goldman Sachs.That alone should have been cause for outrage, but nothing happened.See also: Europe freezes out Goldman Sachs (Guardian):Shocked by past deals with Italy and Greece, governments are excluding the Wall Street bank from sovereign bond salesGoldman Sachs: The bank standing at [...] continue reading world news

Who Really Owns BP?

Added: 11. July 2010 continue reading world news

FDIC Seizes 7 More Banks; US Bank Failures In 2010 Rise To 103

Related article:- FDIC: ‘Problem’ Banks at 775, or 10 Percent of All US BanksThe FDIC is broke … and of course your money is safe and insured up to $250,000. Sure! Trust the government! * Seven small banks closed* Faster pace of failures than 2009WASHINGTON, July 23 (Reuters) - U.S. bank failures reached 103 so [...] continue reading world news

And Now: BP Plans Deep-Water Drilling Off Libya

BP is to begin deep-water drilling off Libya, despite environmental concerns following the Gulf of Mexico spill and an international row over the release of the Lockerbie bomber.BP drilling in Libya comes amid international concerns about Lockerbie (AP)The plans, reported in the Financial Times, come in the shadow of [...] continue reading world news

Almost 3,000 City Banksters Earned More Than £1 Million Last Year

City watchdog finds 170 people with contracts that breach bonus rules as it tries to tighten up pay code The FSA shake-up on bonuses comes after new European rules were introduced. More than 2,800 people in the City took home more than £1m last year, the Financial Services Authority (FSA) revealed today as it prepared [...] continue reading world news

UK: Food Inflation May Rise 10 Percent Before Christmas

Chris Etherington, chief executive of wholesaler P&H, said: “I think this could be the beginning of the double-dip recession. This is really scary stuff.” Again: This is the Greatest Depression! Prepare yourself now.See also: Bank of England’s Mervyn King Warns Over High InflationThe cost of food is likely to jump by up to 10 per [...] continue reading world news

Goldman Sachs Reveals That Bailout Cash Went Overseas

Goldman Sachs received a $12.9 billion payout from the government’s bailout of AIG, which was at one time the world’s largest insurance company.Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night.Goldman Sachs disclosed the list of companies [...] continue reading world news

Bank of England’s Mervyn King Warns Over High Inflation

Bank of England’s Mervyn King created £200 billion out of thin air:- Bank of England extends quantitative easing to £200 billionAnd now he warns over inflation. This is like nuking a country and then warn the people over radiation.Elite puppet Mervyn King is intentionally destroying the pound, looting the people, through quantitative easing (Whereas the [...] continue reading world news

Russia: Worst drought in a decade, high temperatures damaged 32 percent of land under cultivation, grain prices may double

Russia’s Drought Raises Bondholder Risk on PricesA farmer driving his tractor to harvest flax at a collective farm in the village of Mirny, in the Tver region (Reuters)Russia’s worst drought in a decade will probably generate losses for bondholders as food prices rise and the government may be pushed to tap debt markets for funds [...] continue reading world news

US: Consumer confidence retreats further in July

What confidence?- Total Desperation: Retailers Push ‘Christmas in July’Consumer Confidence Index erodes further in July to 50.4 as job worries take toll on outlookNEW YORK (AP) — Americans’ confidence in the economy eroded further in July amid worries about a job market that has proven stubbornly stagnant. The report raised concerns about the overall economy [...] continue reading world news

EPA Whistleblower On Gulf Health Risk Cover-Up: ‘People Who Work Near Corexit Are Hemorrhaging Internally.’

EPA Whistleblower Accuses Agency of Covering Up Effects of Dispersant in BP Oil Spill CleanupWith BP having poured nearly two million gallons of the dispersant known as Corexit into the Gulf of Mexico, many lawmakers and advocacy groups say the Obama administration is not being candid about the lethal effects of dispersants. We speak with [...] continue reading world news

TARP Watchdog Neil Barofsky: US Taxpayers On The Hook For $23.7 Trillion

See also:- Obama Bankster Bill Lets Banks Have US Over A Barrel Again (Telegraph)U.S. Treasury in WashingtonJuly 20 (Bloomberg) — U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.The [...] continue reading world news

EU Plans ‘Toughest Ever’ Package Of Sanctions Against Iran

The European Union is to target Iran with its “toughest ever” package of economic sanctions directed at officials, banks and the country’s oil industry. Iranian President Mahmoud Ahmadinejad Photo: EPALegally binding measures to be agreed on Monday will go far beyond existing United Nations measures against Iran’s nuclear programme.Officials said the impact of the measure [...] continue reading world news

Obama Bankster Bill Lets Banks Have US Over A Barrel Again

Last week, President Obama signed into law the Dodd-Frank Wall Street Reform bill – hailed as the most sweeping overhaul of US financial regulation since the 1930s.“Because of this law, the American people will never again be asked to foot the bill for Wall Street’s mistakes,” Obama boomed at the schmaltzy signing ceremony, amid [...] continue reading world news

Peter Schiff: Why Not Another World War?

Peter SchiffThere is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iran (Peter Schiff is in the not too distant future here. Maybe he is a remote viewer and forgot to shift realities … or this is just a typho. [...] continue reading world news

Rachel Maddow: The Gulf Of Mexico Déjà Vu (Must See!)

More information:- Matt Simmons: BP Cap Is A Fraud - ‘It’s The Biggest Cover-Up We have Ever Seen’- Gulf Of Mexico Water Sample EXPLODES! Other Samples Prove To Be Toxic- Toxicologists: Corexit ‘Ruptures Red Blood Cells, Causes Internal Bleeding’, ‘Allows Crude Oil To Penetrate ‘Into The Cells’ and ‘Every Organ System’- BP Oil Blowout: All [...] continue reading world news

Lobbyists Push Deadly Asbestos On Developing Nations

WASHINGTON — A global network of lobby groups has spent nearly $100 million since the mid-1980s to preserve the international market for asbestos, a known carcinogen that’s taken millions of lives and is banned or restricted in 52 countries, the International Consortium of Investigative Journalists has found in a nine-month investigation.Backed by public and private [...] continue reading world news

Japan’s Debt: $80.000 Per Person

See also:- Japan bribes small nations with cash and prostitutes to gain support for the mass slaughter of whales- Japan Mulls Monetisation of Public Debt And Yen Devaluation By 30 Percent- Analysts: Risk of Japan Going Bankrupt is RealMy $80,000 Says Deflation Will Only Get WorseNaoto Kan may get the state dinners and the motorcades, [...] continue reading world news

Total Desperation: Retailers Push ‘Christmas in July’

Toys R Us is promoting its summertime discounts more heavily than last year with deals of the day and free shipping through Saturday.NEW YORK — Santa in the summer?Retailers are pumping still more energy this year into trying to get shoppers to loosen their purse strings early for Christmas with sparkly ornaments, holiday music and [...] continue reading world news

Moody’s Downgrades Ireland’s Credit Rating

See also:- Anglo Irish Bank losses are the worst in the entire world • Moody’s cuts Ireland’s sovereign bond rating by one notch• Move will add to fears over Europe’s debt crisis• IMF pulled €20bn finance deal for Hungary at the weekend Moody’s cut Ireland’s credit rating this morning, citing weaker growth prospects and the [...] continue reading world news

China’s Trade Surplus Climbs To Record in June, Up 140% From Last Year

Wang Qing, Morgan Stanley’s chief economist of greater China, estimates the yuan will gain 4 percent by the end of this year and 6 percent next year. (Bloomberg)China’s trade surplus widened to the highest this year and exports climbed more than estimated to a record in June, adding pressure on the government to let the [...] continue reading world news

Secret Gold Swap Has Spooked The Market: 380 Tonnes of Gold Lent to BIS by … ?

The Bank of International Settlements is the central banks of central banks controlled by the same elite criminals that have created the entire financial crisis.Whatever game they can play to suppress the ‘price of gold’ - their greatest enemy - they will do it..See also:- BIS: Currency Collapse May Stimulate Economic Expansion- Renaissance 2.0: [...] continue reading world news

Harvard Prof. Niall Ferguson Warns of Sudden Collapse of American ‘Empire’

Rome is already burning. Prepare for the worst.- With The US Still Trapped in Depression, This Really Is Starting to Feel Like 1932- Howard Davidowitz: Obama is ‘Mr. Mass Destruction’ - US Economy ‘Is a Complete Disaster’Harvard professor and author Niall Ferguson speaks about the financial crisis during an opening session of the Aspen Ideas [...] continue reading world news

Change: Estate Tax Top Rate To Jump From Zero To 55%, Exemption To Shrink To Just $1 Million

Change we can believe in! Too Rich to Live? The estate tax is set to come roaring back in January. That sets the stage for a perverse calculus: End it all-or leave a massive bill for your heirs to deal with. Tim Gruber for The Wall Street JournalEugene Sukup, 81, visits the grave of his [...] continue reading world news

UK: Recession Even Deeper Than First Thought

Six successive quarters of negative economic growth from spring 2008 until autumn 2009 were the toughest for the economy since the Great Depression of the 1930s The UK recession was even deeper than first thought. The deepest recession in Britain’s post-war history was even more severe than previously feared, the government said today.Fresh information collected [...] continue reading world news

UK Public Sector Debt ‘Around £2 Trillion’

The UK’s public sector debt could be £1.13 trillion higher than headline figures suggest, according to research.A study by the Institute of Chartered Accountants in England and Wales (ICAEW) and the Centre for Economics and Business Research (CEBR) has revealed that there could be a further £1.13 trillion of liabilities above the current estimate [...] continue reading world news

China’s Leading Credit Rating Agency Strips Western Nations of AAA Status

China’s leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West. Beijing office buildings - Chinese rating agency strips Western nations of AAA status (AFP)Dagong Global Credit Rating Co used [...] continue reading world news

Markets Strategist Nick Parsons: Those Who Fled Euro Will See Dollar Collapse in Q3/2010

Added: 1. July 2010 continue reading world news

US: Pending Home Sales Plunge Record 30 Percent in May

WASHINGTON July 1 (Reuters) - Contracts for pending sales of previously owned homes plunged a record 30 percent in May, far more than expected, after a popular tax credit expired at the end of the prior month, a survey from the National Association of Realtors showed on Thursday.The Realtors said its Pending Home Sales Index, [...] continue reading world news

US Economy Shed 125,000 Jobs in June

See also: The Scariest Job Chart Ever Just Got Even ScarierThe official unemployment rate, based on a complete BS accounting method, declined to 9.5 percent.The reality is that this is the Greatest Depression.Job seekers hand out resumes at the University of Phoenix’s table at a job fair sponsored by Houston Hires in Houston this week. [...] continue reading world news

US: 7.9 Million Jobs Lost, Many Forever

More green shoots and strong recovery signs:- Howard Davidowitz: Obama is ‘Mr. Mass Destruction’ - US Economy ‘Is a Complete Disaster’ - US: 1.2 Million Lose Unemployment Benefits Today - US Economy Shed 125,000 Jobs in June- RBS tells clients to ‘think the unthinkable’ and prepare for ‘monster’ money-printing by the Fed - US: 46 [...] continue reading world news

China’s Property Market Braced For 30 Percent Drop

Standard Chartered has told clients to prepare for a fall in property prices of up to 30pc in Beijing, Shanghai, Shenzen, and other large cities in China as the delayed effects of monetary tightening begin to bite. Migrant workers from outside China’s major cities have flooded to fill jobs [...] continue reading world news

And Now: BP admits failing to use industry risk test at any of its deepwater wells in the US

BP was facing fresh criticism over its approach to safety on Saturday night after critics said it did not use an industry standard process to asses risk ahead of the Deepwater Horizon disaster.The procedure, known as a safety case, was developed in Britain after the catastrophic Piper Alpha oil rig explosion of 1988 in [...] continue reading world news

With The US Still Trapped in Depression, This Really Is Starting to Feel Like 1932

This is the Greatest Depression.The US workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation. People queue for a job fair in New York. The share of the US working-age population with jobs in [...] continue reading world news

Schwarzenegger administration orders minimum wage for state workers

Gov. Arnold SchwarzeneggerThe Schwarzenegger administration today ordered State Controller John Chiang to reduce state worker pay for July to the federal minimum allowed by law — $7.25 an hour for most state workers.The instructions from the Department of Personnel Administration exclude roughly 37,000 state workers in six bargaining units that recently came to tentative labor [...] continue reading world news