Mike Krieger: This Is The Last Dance

See also:- Mike Krieger: Goodbye Disneyland! - The Neo-Feudalistic, Gulag Casino Economy Has Already BegunPresenting the latest terrific analysis by Michael Krieger, formerly a macro analyst at Bernstein, and currently running his own fund, KAM LP, who joins Willem Buiter and everyone else left with a gram of prudence, in realizing that this is [...] continue reading world news

Dr. Rima E. Laibow on Codex Alimentarius and Food Nazification

The videos below have the German translation and Major General Albert N. Stubblebine’s preface cut out.Albert N. Stubblebine is a retired Major General in the United States Army. He was the commanding general of the United States Army Intelligence and Security Command from 1981 to 1984, when he retired from the Army.Watch the entire presentation [...] continue reading world news

TARP Watchdog Barofsky Says Criminal Charges Possible For New York Fed Over AIG Coverup

Neil Barofsky, special inspector general for the Troubled Asset Relief Program (TARP), testifies at a House Oversight and Government Reform Committee hearing on preventing home foreclosures in Washington, D.C. (Bloomberg)- Barofsky Says Criminal Charges Possible in Alleged AIG Coverup (Boomberg):Janet Tavakoli, founder of Chicago-based Tavakoli Structured Finance Inc., says Barofsky hasn’t been aggressive enough. She [...] continue reading world news

President Hugo Chavez Threatens to Nationalise Gold Mines

President Hugo Chavez threatened to nationalise gold mining concessions in Venezuela.The socialist leader accused mining companies of destroying the environment and violating workers’ rights.Mr Chavez harshly condemned the holders of gold mining concessions, calling them “crazy people” driven by capitalist greed who laid waste to Venezuela’s pristine jungles and exploited employees.He suggested mining concessions could [...] continue reading world news

Sunday Times Rich List 2010: Britain’s Richest See Wealth Rise By 30 Percent

The collective wealth of Britain’s 1,000 richest people has increased by almost a third in the past year despite the uncertain economy, according to the Sunday Times Rich List 2010.Lakshmi Mittal, the steel tycoon tops The Sunday Times Rich List 2010 with a fortune of £22.45 billion. [...] continue reading world news

Prof. William Black’s Testimony on Lehman Bankruptcy: ‘Lehman Was The Leading Purveyor of Liars’ Loans in The World’ (Transcript & Video)

Prof. William Black scorched everyone with his testimony on the failure of Lehman Brothers before the House Financial Services Committee today.  His prepared remarks can be found here (PDF).CHAIRMAN KANJORSKI: And now we’ll hear from Mr. William K. Black, Associate Professor of Economics and Law, the University of Missouri, Kansas City School of Law. Mr. [...] continue reading world news

Computerized Front-Running: How a Computer Program Designed to Save the Free Market Turned Into a Monster

Ellen Brown is the author of Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free. She can be reached through her website.By ELLEN BROWNMarket commentators are fond of talking about “free market capitalism,” but according to Wall Street commentator Max Keiser, it is no more.  It has morphed [...] continue reading world news

Greece Faces Bond Rout as Budget Deficit Worsens, Greek Workers Strike

See also:- Portugal, Not Greece, Poses The Greater Existential Threat To Europe’s Monetary Union (Telegraph)- CDS Traders Are Betting That France Is Next Up For A Sovereign Shakedown (As Are Spain And Portugal) (ZeroHedge)- Q&A With Billionaire Jim Chanos Part I: ‘Greece Is A Prelude’ (Business Insider)Protestors stand in front of the Greek Parliament in Athens, [...] continue reading world news

President Obama Repaying His Masters At Goldman Sachs

President Obama is sponsoring a bill by the Senate Banking Committee Chairman Chris Dodd(D-CT) that would reward the Financial Firm Goldman Sachs with up to Billions of Dollars. The bill implements a $50 billion resolution fund to the firms creditors through fees that would come from banks and other businesses, which the bill calls a [...] continue reading world news

US Foreclosure Rates Surge, Biggest Jump In 5 Years; ‘More Than 1 Million Bank Repossessions This Year’

There is no recovery! LOS ANGELES (AP) - A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.RealtyTrac Inc. said Thursday that the number [...] continue reading world news

Portugal, Not Greece, Poses The Greater Existential Threat To Europe’s Monetary Union

Related article:- CDS Traders Are Betting That France Is Next Up For A Sovereign Shakedown (As Are Spain And Portugal)Must Germany bail out Portugal too? The historic part of Lisbon, the Portugeuse capital, recreated after an earthquake devastated the City in 1755The long-drawn saga in Athens can perhaps be deemed a case apart. Greece lied. [...] continue reading world news

CDS Traders Are Betting That France Is Next Up For A Sovereign Shakedown (As Are Spain And Portugal)

CDS traders were prescient in snapping up Greek and Dubai CDS long before anyone else realized the risk these countries are in (well, more like Goldman selling CDS to some very close clients, wink wink). In exchange for figuring out what it took cash bond holders months to understand, these ’speculators’ made a lot of [...] continue reading world news

Digital Economy Act: This Means War!

Baking surveillance, control and censorship into the very fabric of our networks, devices and laws is the absolute road to dictatorial hellThe Digital Economy Act declares war on people who illegaly downloiad TV shows such as second world war drama The Pacific. Photograph: HBO/Rex FeaturesWith the rushed passage into law of the Digital Economy Act [...] continue reading world news

SEC Accuses Goldman Sachs of Civil Fraud

FILE - In this June 20, 2007 file photo, Treasury Secretary Henry Paulson testifies on Capitol Hill in Washington, before a House Financial Services Committee hearing on the state of the international financial system. The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments [...] continue reading world news

James G. Rickards: Possible Run on the Gold Bank, Fed Insolvent, Currency Endgames in US Debt Crisis

Mr. James G. Rickards is Senior Managing Director for Market Intelligence at Omnis, an applied research organization. He is also co-head of the firm’s practice in Threat Finance & Market Intelligence and a member of the Board of Directors. Mr. Rickards is a senior counselor, investment banker and risk manager with extensive experience in capital [...] continue reading world news

Japan Mulls Monetisation of Public Debt And Yen Devaluation By 30 Percent

Wake up Japan!Japan’s ruling party has called for drastic monetary easing to devalue the yen by 30pc and halt the slide into deflation, putting it on a collision course with the Bank of Japan. Lawmakers from the Democratic Party of Japan called for the exchange rate to be steered [...] continue reading world news

Analysts: Risk of Japan Going Bankrupt is Real

TOKYO — Greece’s debt problems may currently be in the spotlight but Japan is walking its own financial tightrope, analysts say, with a public debt mountain bigger than that of any other industrialised nation.Public debt is expected to hit 200 percent of GDP in the next year as the government tries to spend its way [...] continue reading world news

Peter Schiff on ObamaCare

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The No.1 Trend Forecaster Gerald Celente on ObamaCare, Dollar Devaluation And Gold

Just in case you think what Gerald Celente says here is far-fetched:- ‘All bets are off’ if US under WMD attack: Clinton (AFP):Secretary of State Hillary Clinton said Sunday the United States could not rule out using nuclear weapons if it came under biological attack, saying in that case “all bets are off.”“If we can [...] continue reading world news

Greece Bailout: EU Governments Offer 45 Billion Euro Rescue Package

Not one day to early:- GAME OVER - Greek Curve Goes Apeshit: Bloomberg Reports 3 Month Bid At 21.3%- Greece: They’re DoneThe next candidates are Portugal, Spain, Ireland and Italy.And then the euro and the entire EU will fail.April 11 (Bloomberg) — European governments offered debt-burdened Greece a rescue package worth as much as 45 [...] continue reading world news

Germany’s Bundesbank: Greek Rescue as a Threat to Economic Stability and Probably Illegal; Calls IMF ‘Inflation Maximising Fund’

See also:- Greek Debt Crisis Deepens; Investors Rush to Sell Greek Bonds- The Solution For Greece (Max Keiser, Matt Taibbi and Catherine Austin Fitts)Germany’s Bundesbank has fired a warning shot at Chancellor Angela Merkel, attacking the joint EU-IMF rescue plan for Greece as a threat to economic stability and [...] continue reading world news

Latest Gold Fraud Bombshell: Canada’s Only Bullion Bank Gold Vault Is Practically Empty

Got gold?Continuing on the trail of exposing what is rapidly becoming one of the largest frauds in commodity markets history is the most recent interview by Eric King with GATA’s Adrian Douglas, Harvey Orgen (who recently testified before the CFTC hearing) and his son, Lenny, in which the two discuss their visit to the only [...] continue reading world news

Supply Fears Start to Hit US Treasuries

The bond vigilantes are finally flexing their muscles. A long period of stability for the US government bond market showed signs of cracking this week as a lack of investor appetite for new debt sent the benchmark 10-year yield to its highest level since last June.For more than a year, analysts have been warning that [...] continue reading world news

US: ‘The Coming Wave is the Commercial Foreclosures’

The commercial real estate crisis will not be a wave, but a tsunami that will dwarf the subprime mortgage crisis.The 5-foot alligator lurking in the algae-green waters of the community swimming pool was not the worst thing code-enforcement officers have found in recent years at AAA Apartments in Cocoa.Bathrooms infested with mold. Walls with gaping [...] continue reading world news

Survey Shows Record Number of Americans Ready to Leave the US

BALTIMORE, March 31 /PRNewswire/ — In a survey of readers on March 22, 2010, InternationalLiving.com found that nearly 96% of respondents said they are more likely to move out of the United States than they were last year.More than 500,000 readers of the company’s free Daily E-letter were asked a single question: Are you more [...] continue reading world news

Tent Cities Spring Up in America

Concentrations of homeless people are nothing new in America, but recent BBC and Los Angeles Times reports depict a rising trend of shanty slums, such as a “city” of newly homeless people living in tents near the Ontario airport in Los Angeles.If you recall your Steinbeck, the residents of the 20c Hoovervilles were largely tenant [...] continue reading world news

Treasury Secretary Geithner Delays Currency Report

(Adds former China adviser’s comment in 13th paragraph, trade chamber’s report in 22nd.)April 4 (Bloomberg) — U.S. Treasury Secretary Timothy F. Geithner delayed a scheduled April 15 report to Congress on exchange-rate policies, sidestepping a decision on whether to accuse China of manipulating the value of the yuan.Geithner in a statement yesterday urged China to [...] continue reading world news

Looting Main Street: How the nation’s biggest banks are ripping off American cities with the same predatory deals that brought down Greece

If you want to know what life in the Third World is like, just ask Lisa Pack, an administrative assistant who works in the roads and transportation department in Jefferson County, Alabama. Pack got rudely introduced to life in post-crisis America last August, when word came down that she and 1,000 of her fellow public [...] continue reading world news

Flashback: The Wile E Coyote Government

Why does the American government consistently fail to foresee the future results of its own actions? Because it is incompetent.—My take on that is, that it is impossible to be that much incompetent! This is an ‘intentionally incompetent’ elite puppet government that is looting the taxpayer until there is nothing left.The government is ‘channeling’ taxpayer [...] continue reading world news

Bank of America & Wells Fargo to Pay Zero 2009 Federal Income Tax

Bank of America, Wells Fargo Probably Won’t Pay Income Tax for 2009 (Charlotte Observer):This tax season will be kind to Bank of America and Wells Fargo: It appears that neither bank will have to pay federal income taxes for 2009.Bank of America probably won’t pay federal taxes because it lost money in the U.S. [...] continue reading world news

Sell-off in US Treasuries Raises Sovereign Debt Fears

The greatest financial collapse in history is coming.The US and the Federal Reserve are bankrupting America and destroying the US dollar.- Record: National Debt Up $2 Trillion in Just 421 Days on Obama’s Watch- US budget deficit hits record $221bn, the largest monthly deficit in history- Rep. Ron Paul: The US Is Insolvent, Government Debt [...] continue reading world news