Greece To Default: Interest Rate On 1-Year Greek Government Debt At Whopping 60 Percent!!!

See also: - The Second Bailout Has Now Failed: Greece Activates Last-Ditch Liquidity Rescue Package To Preserve Its Financial System - Germany’s Top Court To Rule On Legality Of (Unconstitutional) Euro Bailouts And all taxpayer bailout money went to the banksters for NOTHING in return (except more destruction and chaos. Exactly as planned by the [...] continue reading world news

Former Assistant Secretary OF Housing Catherine Austin Fitts: ‘It’s Time to Bring Our Mortgages Home’

- It’s Time to Bring Our Mortgages Home – Your Municipality and Community Venture Fund is the Ideal Investor for Fannie, Freddie & FHA Defaulted Mortgages (Solari, August 29, 2011): By Catherine Austin Fitts (in the first person) and Carolyn Betts The Administration is now proposing the transfer of significant defaulted mortgages and foreclosed properties [...] continue reading world news

Japanese Firm Orders 2,700 Staff To Get The Same ‘Energy Saving’ Haircut!

This is NOT from ‘The Onion‘. - Japanese firm orders 2,700 staff to get the same ‘energy saving’ haircut… so they don’t have to spend as long blow-drying (Daily Mail, August 28, 2011) A Japanese company has ordered all 2,700 of its employees to get identical hairstyles – to help save energy. Tokyo-based Maeda Corporation [...] continue reading world news

Spiegel Interview With Paul Woolley: ‘The Market Has Become Dangerous For Humanity … It Isn’t Reaching Equilibrium, It Is Falling Into Chaos’

Paul Woolley, 71, is intimately familiar with financial markets after making millions working for Barings Bank in London. He later worked for the American fund manager GSO. After these experiences, he went on to establish an institute at the London School of Economics with the goal of proving how dangerous financial markets can be, calling [...] continue reading world news

Matt Taibbi: Obama Goes All Out For Dirty Banker Deal (Rolling Stone)

Obama bin Bush: Mission accomplished! - Obama Goes All Out For Dirty Banker Deal (Matt Taibbi, Rolling Stone, August 24, 2011): A power play is underway in the foreclosure arena, according to the New York Times. On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into [...] continue reading world news

Marc Faber On CNBC: Don’t Store Your Gold In The United States!

And here is one of many good reasons why: - US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SIEZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES! Don’t miss: - 5 Top Reasons Why The Canadian Dollar Will [...] continue reading world news

Precious Metal Margin Warfare Jumps The Pacific, As Shanghai Hikes Gold Margins For Second Time In A Month, Prepares To Crush Silver

- Precious Metal Margin Warfare Jumps The Pacific, As Shanghai Hikes Gold Margins For Second Time In A Month, Prepares To Crush Silver (ZeroHedge, Aug 23, 2011): Wondering why gold dropped by almost $100 today? Wonder no more: today the Shanghai Gold Exchange lifted gold margins for forward contracts the second time this month to [...] continue reading world news

Gold: Biggest Drop Since December 2008 Sends Metal To … Week Ago Levels

See also: - Precious Metal Margin Warfare Jumps The Pacific, As Shanghai Hikes Gold Margins For Second Time In A Month, Prepares To Crush Silver - Biggest Gold Drop Since December 2008 Sends Metal To… Week Ago Levels (ZeroHedge, August, 24, 2011): Gold this morning is plunging by the most since December 2008. For those [...] continue reading world news

Bundesbank: ‘Mein Entschluss: Anschluss-Plus’ – Germany Reveals The European Annexation Blueprints

Don’t miss: - AND NOW: Germany, France Propose COLLECTIVE ‘GOVERNMENT’ For The Eurozone Led By UNELECTED EU President - Bundesbank: “Mein Entschluss: Anschluss-Plus” – Germany Reveals The European Annexation Blueprints (ZeroHedge, Aug 22, 2011): We were wondering how long it would be before Germany, following in the footsteps of such luminaries as Hank Paulson and [...] continue reading world news

Peter Schiff: Markets React To S&P US Credit Rating Downgrade – The Real Safe Haven Is Gold

YouTube Added: 20.08.2011 continue reading world news

SENIOR ANALYST AT MOODY’S: Ratings Agency Rotten To Core With Conflicts And Corruption

- MOODY’S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts (Business Insider, Aug. 19, 2011): A former senior analyst at Moody’s has gone public with his story of how one of the country’s most important rating agencies is corrupted to the core. The analyst, William J. Harrington, worked for Moody’s for 11 [...] continue reading world news

‘Welcome To The Recovery’: Bank Of America To Ax 10,000 Or More Jobs

- Welcome to the Recovery (New York Times, by Timothy Geithner, August 2, 2010) - Reports: Bank of America to ax 10,000 or more jobs (AP, Aug 19, 2011): Bank of America Corp. is cutting 3,500 employees this quarter and working on restructuring plans that will ax several thousand more jobs, The Wall Street Journal [...] continue reading world news

The Art Of Cash Siphoning By The Banksters

YouTube Added: 17.08.2011 continue reading world news

Hugo Chavez To Nationalize Venezuela’s Entire Gold Industry

- Hugo Chavez Announces He Will Nationalize Venezuela’s Entire Gold Industry (ZeroHedge, Aug 17, 2011): The first (of many) 21st century expropriations of the only true money begins today, after Hugo Chavez just announced that he will “nationalize the gold industry, including extraction and processing, and use its output to boost the country’s international reserves.” [...] continue reading world news

Jim Rickards & The Euro Gold Standard: ‘Sorry, You (Banksters) Played, You Lost’ (Video)

YouTube continue reading world news

Panic In DC As Starbucks’ Schultz Calls For CEO Boycott Of Campaign Donations, Urges Americans To Go On Strike Against Their Politicians!

- Panic In DC As Starbucks’ Schultz Calls For CEO Boycott Of Campaign Donations, Urges Americans To Go On Strike Against Their Politicians (ZeroHedge, Aug 15, 2011): In today’s most underreported news of the day, which could potentially have the biggest impact on the future of America, none other than America’s CEOs, or at least [...] continue reading world news

If The Market Crashes, Who Owns Enough Stock To Even Care?

- ???If The Market Crashes, Who Owns Enough Stock To Even Care? (Business Insider, Aug. 14, 2011): Since 81% of all stocks are owned by the top 10%, a stock market crash has little effect on the bottom 90% of Americans. It is assumed without question that the stock market is some quasi-sacrosanct barometer of [...] continue reading world news

World Is Witnessing Financial WW III (Video)

- World is witnessing financial WWIII – Max Keiser (RT, August 11, 2011): Following the loss of the US’s triple-A credit score which sparked sell-offs on global markets, a new war using financial derivatives has been waged, which by no means can bear the name of WWIII, financial analyst Max Keiser told RT. Investors however [...] continue reading world news

Dollar Tumbles Most In At Least 40 Years Against Swiss Franc After Federal Reserve Pledged To Keep Its Key Interest Rate At Record Low

- Dollar Falls on Fed’s Pledge to Maintain Key Interest Rate at a Record Low (Bloomberg, Aug 9, 2011): The dollar tumbled the most in at least 40 years against the Swiss franc after the Federal Reserve pledged to keep its key interest rate at a record low at least through mid-2013 to revive the [...] continue reading world news

Japan’s Nuclear Agency Hides Children Radiation Results

Your children used as guinea pigs! - Japan’s nuclear agency hides radiation results (ABC, August 11, 2011): Japan’s nuclear watchdog has denied public access to the results of thyroid check-ups for more than 1,000 Fukushima children exposed to radiation. Critics have accused Japan’s Nuclear Safety Commission of denying the public accurate information about the crisis. [...] continue reading world news

Federal Reserve To Keep Rates Low For Two Years, STOCKS JUMP

- Fed to keep rates low for two years, stocks jump (Reuters, Aug 9, 2011): The Federal Reserve on Tuesday took the unprecedented step of promising to keep interest rates near zero for at least two more years and said it would consider further steps to help growth, sparking a rebound in stocks. The Fed [...] continue reading world news

AND NOW … President Obama: ‘No Matter What Some Agency May Say, We’ve Always Been And Always Will Be A ‘Triple-A’ Country’

Oh, sure! - Obama: “No Matter What Some Agency May Say, We’ve Always Been And Always Will Be A ‘Triple-A’ Country” (Business Insider, Aug. 8, 2011): President Barack Obama addressed the S&P downgrade in a statement to the American people Monday, saying “no matter what some agency may say, we’ve always been and always will [...] continue reading world news

EPIC PLUNGE: -633.78, 6th Largest Drop In Dow Jones History

- EPIC PLUNGE: -633.78, 6th Largest Drop In Dow Jones History (ZeroHedge, Aug 8, 2011): And there you have it: following last Thursday’s massive 500 point drop which so many said was a buying opportunity, here comes a -633.78 plunge in the DJIA, which is the 6th largest absolute point drop in Dow Jones Industrial [...] continue reading world news

US National Debt At $14 Trillion? Try $211 Trillion!!!

Related article: - Prof. Kotlikoff: ‘The US is bankrupt’, Government Debt At $200 Trillion – 840 Percent of Current GDP (The Globe And Mail, Oct 27, 2010): Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American [...] continue reading world news

Joint Statement From Merkel And Sarkozy On Global Financial Crisis

- Joint Statement From Merkel And Sarkozy On Global Financial Crisis (ZeroHedge, Aug 7, 2011): Below is the full text of the joint French-German statement attempting to prevent another European market collapse. Next up are comparable statements from the ECB and from theG7. We expect many more before the night is out. Following is the [...] continue reading world news

Black Hole Fannie Mae Demands Another $5.1 Billion In Aid From Treasury In Q2, $103.8 Billion Total Since Conservatorship

- Fannie Demands Another $5.1 Billion In Aid From Treasury In Q2, $103.8 Billion Total Since Conservatorship (ZeroHedge, Aug 5, 2011): There is just one number that is important in the just released Fannie Mae Q2 earnings release, in which the firm reported a loss of “just” $2.9 billion, which includes $6.1 billion in credit [...] continue reading world news

Dow Jones Plunges 512 Points In Steepest Decline Since ’08 Crisis

- Dow falls 512 in steepest decline since ’08 crisis (AP, Aug 4, 2011): NEW YORK (AP) — Gripped by fear of another recession, the financial markets suffered their worst day Thursday since the crisis of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline ever. The sell-off wiped out [...] continue reading world news

Is Gold A Bubble? 14 Charts, The Facts And The Data Suggest Not

- Is Gold A Bubble? 14 Charts, The Facts And The Data Suggest Not (ZeroHedge, Aug. 3, 2011): … Conclusion As a percentage of assets, gold ownership remains negligible vis-à-vis assets such as equities and bonds. Ownership of gold is likely to be less than 2% of global investable assets. This is in marked contrast [...] continue reading world news

10 Signs The Double-Dip Recession Has Begun (MSNBC)

See also: - Broke! 10 Facts About The Financial Condition Of American Families That Will Blow Your Mind - ‘Welcome to the Recovery’: Why Another 11 Million Mortgages Will Go Bad This is the ‘Greatest Depression’ and the worst is yet to come! - 10 signs the double-dip recession has begun (MSNBC July 31, 2011): [...] continue reading world news

Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To $1,950 And Higher

- The Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To $1,950 And Higher (ZeroHedge, Aug 1, 2011): Two weeks ago we presented a chart that shows the uncanny correlation between the debt ceiling and the price of gold. Now that we know the final amount of the next debt ceiling [...] continue reading world news

HSBC Sheds 30,000 Jobs, Posts Surprise Profit Rise (Reuters)

- HSBC sheds 30,000 jobs, posts surprise profit rise (Reuters): HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe’s biggest bank said on Monday after it reported a surprise rise in first-half profit. Shares in HSBC rose over 4 percent after it unveiled first-half pretax profits of [...] continue reading world news