Meanwhile Over In Rates Land … Where The Schizophrenia Is Now Complete

- Meanwhile Over In Rates Land…. (ZeroHedge, June 28, 2011): The schizophrenia is now complete. Buy this window dressing, but that window dressing, buy insolvent currencies, buy New Jersey, buy T-Bills at negative rates. Just buy…. on margin if possible. And General Collateral now at 0.01% only adds to the fun.. THE FUN continue reading world news

Former Goldman Sachs Managing Director Appointed European Central Bank President!

- Mario Draghi (Wikipedia): Draghi was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005). A controversy existed on his duties while employed at Goldman Sachs. Pascal Canfin (MEP) asserted Draghi was involved in swaps for European governments, namely Greece, trying to disguise their countries’ [...] continue reading world news

European Leaders Admit Preparing For A Greek Default

See also: - Greece: ‘A Sovereign Debt Crisis of Sophoclean Dimensions’ – It’s Not Only Greeks Who’ve Lost Their Marbles - European leaders prepare for a Greek default (Telegraph, June 27, 2011): European leaders have admitted they are preparing for a Greek default as the eurozone debt crisis enters a pivotal week. Greek politicians will [...] continue reading world news

World Wealth Report: World’s Wealthiest People Richer Than Before The Credit Crunch!

Related info: - Americans’ Equity In Their Homes Near Record Low - Who Is Making $7.7 Billion In Profits, Pays No Taxes And Gets $4.7 Billion From the US Government On Top Of it? - 20 Facts About US Inequality That Everyone Should Know (With An Update On The Uber-Wealthy And Global Wealth Inequality) - [...] continue reading world news

Madoff Trustee Seeks $19 Billion From JPMorgan

Flashback: - JP Morgan Suspected Bernie Madoff Running A Ponzi Scheme 18 Months Before His Scam Was Revealed - JP Morgan ‘Ignored Bernard Madoff Red Flags’ - Markopolos: I gift wrapped and delivered the largest Ponzi scheme in history to the SEC - Whistleblower document warned SEC in Nov. 2005 about Madoff’s Ponzi scheme - [...] continue reading world news

Third World America: Drowning In Debt And Choking On Lies Third World – By Janet Tavakoli

- Third World America: Drowning In Debt And Choking On Lies (Business Insider, June 24, 2011): If a drunk driver crashed his speeding rental car crashed into your house and killed your spouse, you would be outraged if law enforcers took bribes and refused to give the driver a blood test. If the judge then [...] continue reading world news

PIMCO, The World’s Biggest Bond Fund, Expects Greece And Other European Economies To Default – Allianz Global Investors Capital: Greek Default ‘Inevitable’

- Greek cabinet approves austerity budget (Telegraph, June 22, 2011): … Pimco, the world’s biggest bond fund, shrugged off last night’s vote of confidence in the Greek government warning that it expects Greece and other European economies to default on their debts to resolve their problems. “For the next three years, we’re going to see [...] continue reading world news

At New NYC Hotel, A Robot Handles The Luggage

- At new NYC hotel, a robot handles the luggage (AP, June 22, 2011): NEW YORK (AP) — Forget the bellhop. Meet the luggage robot. It’s the first of several high-tech, sleek amenities guests encounter at the Yotel, a new hotel that aims to provide a trendy stay at an affordable price. Purple lighting, throbbing music in [...] continue reading world news

Indian Gold And Silver Imports Surge By Stunning 500 Percent!

- Indian Gold And Silver Imports Surge By Stunning 500% In May (ZeroHedge, June 21, 2011): India’s heretofore “insatiable” appetite for precious metals will need to find a new adjective to describe it, after it surged by an absolutely unprecedented 500% in May MoM, and 222% compared to May of 2010, touching on a massive [...] continue reading world news

41% Of Belgian Central Bank Gold Has Been Lent Out

- 41% Of Belgian Central Bank Gold Has Been Lent Out (ZeroHedge, June 20, 2011): Some very disturbing revelations from CLSA’s Chris Wood who in his latest Greed and Fear note discusses an event that may be all to prevalent within the central banking community: the less than overt lending out of central bank gold [...] continue reading world news

Ceasefire Between Germany And ECB Has Expired: Greek Compromise Plan Now ‘OFF THE TABLE’

- Ceasefire Between Germany And ECB Has Expired: Greek Compromise Plan Now “Off The Table” (ZeroHedge, June 19, 2011): The one catalyst which sent the EURUSD (and thus its first derivative, the SPX) surging on Friday was the Guardian story that Germany, Sarkozy and most importantly, the ECB, have reached a consensus over the form [...] continue reading world news

Europe’s ‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit – Lloyds Warns Clients Of Armageddon Scenarios

- Europe’s ‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit (Bloomberg, Jun 16, 2011): The European Union’s failure to contain the Greek debt crisis is sending fresh shockwaves through currencies, money markets, equities and derivatives. The euro lost more than 2 percent against the dollar in the past two days and the cost [...] continue reading world news

Now It Gets Interesting: Goldman Sachs Gave A Paid Internship To Libyan Official’s Brother

See also: - Goldman Sachs Investigated Over $50 Million Libyan ‘Bribe’ - Goldman Sachs Traded $1.3 Billion In Libyan Funds (Reuters) - Matt Taibbi: Why is the Federal Reserve Bailing Out Gaddafi? - Libya: John Perkins: It’s Not About Oil, It’s About Currency and Loans – Rothschilds Finish Off Gaddafi – ‘The Price of Freedom’, [...] continue reading world news

The No.1 Trend Forecaster Gerald Celente: Collapse – It’s Coming! Are You Ready? (06/14/2011)

See also: - The No.1 Trend Forecaster Gerald Celente’s Dire Warning For The World - Urban Danger (Free Documentary) – Congressman Warns: ‘Those Who Can, Should Move Their Families Out of the City’ If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente. – New York Post When CNN wants [...] continue reading world news

Priced In Gold, The Median US Home Price Is Down 80% In The Past Decade

And gold is money, the real money: - James Turk on the US Dollar, the Euro, Hyperinflation, Gold And Silver So the (median) value of US homes is REALLY, REALLY down 80%. - Priced In Gold, The Median Home Price Is Down 80% In The Past Decade (ZeroHedge, June 13, 2011): It is kind of the [...] continue reading world news

JP Morgue and HSBS INCREASED Their Silver Short Position By 10 MILLION Ounces In May!

?- JP Morgue and HSBS INCREASED Their Silver Short Position By 10 MILLION Ounces In May (June 10, 2011): If a rational trader found himself massively on the wrong side of a major bull market, one would expect that trader to take extreme steps to COVER his short position during a sell-off of 36% of [...] continue reading world news

Argentina’s Economic Collapse (Documentary)

Very important flashback! Documentary on the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many [...] continue reading world news

Greece: Default Is Inevitable

- Greek Default Is Inevitable (Market Watch, June 10, 2011): The European Central Bank, with its staunch opposition to sovereign debt restructuring in Europe, is making a bad situation worse. By threatening to withdraw support for banks in countries such as Greece if they restructure their debts, the ECB is practically inciting runs on banks. [...] continue reading world news

China’s Rating Agency: ‘In Our Opinion The United States Has Already Been Defaulting’

- China ratings house says US defaulting: report (AFP, June 10, 2011): A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order. “In our opinion, the United States has already been defaulting,” Guan [...] continue reading world news

China Warns US Debt-Default Idea Is ‘Playing With Fire’ (Reuters)

Related info: – China Warns on US Dollar Holdings (CNBC News) - China Dumps 97% Of Its Holdings In US Treasury Bills - China warns U.S. debt-default idea is “playing with fire” (Reuters, Jun 8, 2011): (Reuters) – Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to [...] continue reading world news

Poll: Disapproval Of How President Barack Obama Is Handling The Economy Hits New Record High

- Obama’s rating on economy hits new low: poll (Reuters, June 7, 2011): (Reuters) – Americans’ disapproval of how President Barack Obama is handling the economy and its growing budget deficit has reached new highs amid broad frustration over the slow pace of economic recovery, according to a Washington Post-ABC New poll released on Tuesday. [...] continue reading world news

Bank Not Responsible for Letting Hackers Steal $300,000 From Customer

- Bank Not Responsible for Letting Hackers Steal $300K From Customer (Wired, June 7, 2011): A judge in Maine has ruled that a bank that allowed hackers to steal more than $300,000 from a customer’s online account isn’t responsible for the lost money, saying the customer should have done more to protect the account credentials. [...] continue reading world news

Greece: Biggest Protest Yet – Tens Of Thousands Protest Against Greek Austerity, Ask: ‘Thieves, Thieves … Where Did Our Money Go?’

- Tens of thousands protest outside Greek parliament (BusinessWeek) - ECB: Having state property means Greece is solvent (Newsday) - Greeks stage huge Athens rally against austerity cuts (BBC News) - Greece For Sale (NPR) - Thousands rally against Greece’s austerity plans (AFP) - Thousands protest against Greek austerity (Financial Times): Thousands of Greeks protested [...] continue reading world news

The Real ‘Margin’ Threat: $600 TRILLION In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral Scramble That Could Send US Treasurys To All Time Records…

- The Real “Margin” Threat: $600 Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral Scramble That Could Send US Treasurys To All Time Records… (ZeroHedge, June 6, 2011) continue reading world news

China Dumps 97% Of Its Holdings In US Treasury Bills

The greatest financial collapse in world history is near. This is the ‘Greatest Depression’. - Recovery! US Has To Create Only 250K Jobs A Month For 66 Months To Return To December 2007 Unemployment By End Of Obama’s Second Term - Presenting The Fed’s Slogan: ‘Making It Harder To Feed Your Family For 98 Years [...] continue reading world news

WIKILEAKS: US Fought To Lower Minimum Wage In Haiti So Hanes And Levis Would Stay Cheap

Obama fighting for slave labor in Haiti. - WIKILEAKS: US Fought To Lower Minimum Wage In Haiti So Hanes And Levis Would Stay Cheap (Business Insider, June 3, 2011): A Wikileaks post published on The Nation shows that the Obama Administration fought to keep Haitian wages at 31 cents an hour. (This article was taken [...] continue reading world news

Moody’s Downgrades Greek Credit Rating AGAIN, Credit Default Swaps Jump

Don’t miss: - Postcards From Greece! The cost of insuring Greek debt rose on Thursday morning after the debt-laden country suffered another credit-rating downgrade. The three-notch-downgrade takes Greece from B1 to Caa1, giving the country a worse credit rating that Montenegro. On Wednesday night Moody’s dealt another blow to Greece with a further downgrade that [...] continue reading world news

Mark Mobius: Another Financial Crisis Inevitable – Total Value Of Derivatives Exceeds World GDP By Factor 10

- Another Crisis ‘Around The Corner’: Mobius (Bloomberg, May 30, 2011): Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved. “There is definitely going to be another financial crisis around the corner because we haven’t solved any [...] continue reading world news

Time To Celebrate The Recovery: Food Stamp Usage Hits Fresh Record

- Time To Celebrate The Recovery: Food Stamp Usage Hits Fresh Record (ZeroHedge, May 31, 2011): That average monthly benefit of $133.24 for 44.199 million people will help with the purchase of one third of a very edible iPad. Food stamp participation chart presented without further commentary. continue reading world news