More Bad News Imminent: August US Auto Production Set To Plunge By Most In 16 Months

- More Bad News Imminent: August US Auto Production Set To Plunge By Most In 16 Months (ZeroHedge, Aug 20, 2012) Over the past several months, many pundits were scratching their heads at the peculiar patterns in summer hiring and layoff trends, which threw all NFP, claims, and JOLTs forecasts in a loop making a [...] continue reading world news

India: 350 Million Families Starve As Politicians Loot $14.5 Billion In Food

- 350 Million Indian Families Starve As Politicians Loot $14.5 BIllion In Food (ZeroHedge, Aug 29, 2012): While The Brits are about to tax their Super-Rich, it appears one of the old colonies remains in full anti-Robin-Hood mode. Nothing surprises us much anymore but this note from Bloomberg too the proverbial biscuit. In the “most [...] continue reading world news

Judgment Day For The Euro And What’s At Stake

- Judgment Day For The Euro And What’s At Stake (ZeroHedge, Aug 28, 2012): Hans-Werner Sinn – Judgment Day For The Euro Hans-Werner Sinn is Professor of Economics at the University of Munich and President of the Ifo Institute for Economic Research. He also serves on the German economy ministry’s Advisory Council. Hi… Full profile [...] continue reading world news

China Stocks Drop To Fresh Post-2009 Lows Following Plunge In Industrial Company Profits

- China Stocks Drop To Fresh Post-2009 Lows Following Plunge In Industrial Company Profits (ZeroHedge, Aug 27, 2012): Today the Chinese stock market did something unthinkable: it plunged to fresh post 2009 lows on news so bad they would have been enough to send the stock markets of such “developed” bizarro economies as the US [...] continue reading world news

The Circular Logic And Prayer Tactics Of Draghi Queens, Sinomaniacs, And Other Orwellians

Related info: - The Only ‘Un-Manipulated’ Chart Of The Real Un-Recovery You’ll Ever Need - The Circular Logic And Prayer Tactics Of Draghi Queens, Sinomaniacs, And Other Orwellians (ZeroHedge Aug 25, 2012): We have desperately tried to explain the sheer idiocy of the circular argument of the Fed ‘attemping’ to stimulate fiscal policy by enacting [...] continue reading world news

Mitt Romney Admits To Using Chinese Slave Labor At Bain (Video)

YouTube Added: 24.08.2012 Description: “95% of life is set up for you if you were born in this country. And, I remember going to ah, uh, sorry just to bore you with stories. When I was back in my private equity days, we went to China to buy a factory there. It employed about 20,000 [...] continue reading world news

Many In The Middle Class Say They Are Doing Worse Financially

- Many in middle class say they are doing worse financially (Life Inc., Aug 23, 2012) continue reading world news

Total Economic Collapse: In Thessaloniki (The Second Largest Greek City) An Unprecedented 1250 Companies Have Shut Down In 2012

- The Truth Behind Juncker’s Lies: In The Second Largest Greek City, 1250 Companies Have Shuttered In 2012 (ZeroHedge, Aug 22, 2012): European viceroy of various neo-colonial territories Jean-Claude Juncker, best known for being a self-professed pathological liar, just concluded a press conference in which he did what he does best: lie. Here is a [...] continue reading world news

What 40 Years Of Gold Confiscation By The US Government Looks Like

- What 40 Years Of Gold Confiscation By The US Government Looks Like (Zerohedge, Aug 21, 2012): The chart below, which is a time series showing the total “Gold Held by the US Treasury and the Federal Reserve” (which for all intents and purposes are interchangeable), demonstrates vividly the moment when the US government enacted [...] continue reading world news

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming

- Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming (Economic Collapse, Aug 20, 2012): Are you willing to bet against three of the wealthiest men in the entire world?  Jacob Rothschild recently bet approximately 200 million dollars that the euro will go down.  Billionaire hedge fund manager John [...] continue reading world news

10 Most Profitable U.S. Companies Paid 9% In Federal Income Taxes

- 10 Most Profitable U.S. Companies Paid 9% in Federal Income Taxes (AllGov, Aug 18, 2012): The largest corporations in the U.S., consisting of oil, retail, banking and technology giants, paid an average of only 9% of their earnings in income taxes to the Internal Revenue Service last year. According to the tax code, companies [...] continue reading world news

Apple Hits New Record North Of $600 Billion In Market Capitalization

- Apple Hits New Record North Of $600 Billion In Market Cap (ZeroHedge, Aug 17, 2012): Update: in the 20 or so minutes since uploading this article, AAPL added another OpenTable in market cap. It has in the course of a day added the same market cap as Linked In and just shy of Sony. [...] continue reading world news

Face-Off: FaceBerg Groupon’d At Half-Off IPO Price

- Face-Off: FaceBerg Groupon’d At Half-Off IPO Price (ZeroHedge, Aug 17, 2012): “And yay verily it was written that as the moon passes thrice through the sky after providing your funds to the IPO-of-the-decade, thou shalt see said funds smite in two…”Faceberg just touched $19, that is a 50% haircut on its IPO launch price [...] continue reading world news

South Africa: Police Kills More Than 30 Striking Miners

- Mine “bloodbath” shocks post-apartheid South Africa (Reuters, Aug 17, 2012): The killing by police of more than 30 striking platinum miners in the bloodiest security operation since the end of white rule cut to the quick of South Africa’s psyche on Friday, with people and the media questioning its post-apartheid soul. Newspaper headlines screamed [...] continue reading world news

Doesn’t Take Much To Get Homebuilders Confident These Days

- Doesn’t Take Much To Get Homebuilders Confident These Days (ZeroHedge, Aug 15, 2012): The National Association of Home Builders just released it latest monthly housing market index, which rose from 35 to 37. As headlines proudly blast, this is the highest level of confidence since February 2007. The NAHB chairman was positively giddy: “From [...] continue reading world news

Amber Gold Derivatives Ponzi Scheme Collapses … Aaaand It’s Gone: This Is Why You Always Demand Physical

- Aaaand It’s Gone: This Is Why You Always Demand Physical (ZeroHedge, Aug 14, 2012): We have said it over and over, we’ll say it again. For all those who for one reason or another would like to boycott the broken markets, yet trade gold in paper form, please understand that all the invested capital [...] continue reading world news

Mitt Romney Would Have Paid Almost Nothing In Taxes Under Paul Ryan’s 2010 Budget

- Mitt Romney Would Have Paid Almost Nothing In Taxes Under Paul Ryan’s 2010 Budget (Huffington Post, Aug 13, 2012): Vice presidential candidate Paul Ryan’s assertion that programs like Medicare and Social Security are staring at bankruptcy did not stop the Wisconsin congressman from once proposing a federal budget that would have eliminated virtually all [...] continue reading world news

AUSTERITY In Italy: Record Government Debt Load Now At €1.973 TRILLION – Debt Growth Surges To Record €9.5 Billion Per Month

- Italy’s Latest Record Debt Load: Bigger, Faster, More Italy just announced its all-time record high general government debt load at EUR 1.973 trillion. What is perhaps most stunning, given all the talk of austerity, cutting back, reforms, and change is that the size of this debt is growing at an ever-increasing pace that is [...] continue reading world news

On GRExit, SPAilout, And Draghi’s White Knight

- On GRExit, SPAilout, And Draghi’s White Knight (ZeroHedge, Aug 13, 2012): Via Mark E. Grant, author of Out of the Box, “There was a free lunch just once. It was when Eve gave the apple to Adam and we all know how that turned out.” -The Wizard As I stare out at the Maginot [...] continue reading world news

Belgian National Bank Governor Gets It: Bailing Out Spain ‘Makes No Sense’

- Belgian National Bank Governor Gets It: Bailing Out Spain “Makes No Sense” (ZeroHedge, Aug 11, 2012): A week ago we explained quite clearly why instead of encouraging self-defeating, short-termist behavior by promising to save Europe’s insolvent countries if and when needed, which does nothing to resolves Europe’s problems and make it worse in exchange [...] continue reading world news

Presenting The Obama Regime Master Plan: Bailout Everyone (Video)

You can’t make this stuff up! - Obama’s Master Plan: Bailout Everyone (ZeroHedge, Aug 9, 2012): A 40% loss of post-IPO market-cap, channel-stuffing largesse, contract-law destruction, and all with tax-payer backing. That is what the Bailout’er-in-chief has in mind for every manufacturing company in the US. As Politico reports this evening, President Obama gave a [...] continue reading world news

Economic Collapse: Life In Reno, Nevada

- The Sobering Reality Of What Life Is Like In Reno, Nevada (Economic Collapse, Aug 8, 2012)_ What do you do when the city where you live is dying?  All over the United States formerly great cities are crumbling, but some are definitely in worse shape than others.  One reader recently wrote to me about [...] continue reading world news

Greece Now Prints It’s Own Euros, The ECB Approves, The Bundesbank Nods: No One Wants To Get Blamed For Kicking Greece Out

- Greece Prints Euros To Stay Afloat, The ECB Approves, The Bundesbank Nods: No One Wants To Get Blamed For Kicking Greece Out (ZeroHedge, Aug 8, 2012): A lot of politicians in Germany, but also in other countries, issue zingers about a Greek exit from the Eurozone and the end of their patience. But those [...] continue reading world news

President Francois Hollande Vows To Impose 75 Percent Tax On Income Above €1 Million Per Year (New York Times)

Flashback: - Francois Hollande Is Another Bilderberg Stooge (Video) - French Front-Runner Pledges 75% Tax Bracket (Wall Street Journal): PARIS—French presidential front-runner François Hollande said taxpayers earning over €1 million ($1.35 million) a year would be subjected to a special 75% tax bracket should he be elected, underscoring heightened interest across Europe in raising taxes [...] continue reading world news

Lieborgate’s Next Casualty: Bob Diamond’s Daughter

- Lieborgate’s Next Casualty: Bob Diamond’s Daughter (ZeroHedge, Aug 6, 2012) continue reading world news

Banksters Arrested In Iceland, Ireland, UK, USA, Switzerland, India, France, Russia, Austria … (Video)

YouTube Added: 29.07.2012 Description: The rest of the story: 1. Take Action And Put Bankers Behind Bars. LIBOR and more “In Your Face” Bankers Crimes – http://youtu.be/KkWrssQoNKA 2. BANKERS BEHIND BARS – YOUR ACTION REQUIRED – SIGN THE PETITION AND MAKE VIDEO VIRAL – LIBOR AND MORE – http://youtu.be/VcOUe0e8WKo 3. 600+ AND COUNTING WORLDWIDE BANKERS [...] continue reading world news

‘Eurozone Crisis: The Bankers Are Happy To Play Nero As Europe Burns’ (Guardian)

Not just one generation will be thrown into poverty. To prop up the euro – whose survival is vital only for the banks’ balance sheets – a generation is thrown into poverty In Athens, Angela Merkel is seen handcuffed on the cover of the magazine Crash. The headline demands that European leaders be ‘tried for [...] continue reading world news

What Do Swiss Bonds Know That Nobody Else Does?

- What Do Swiss Bonds Know That Nobody Else Does? (ZeroHedge, Aug 3, 2012): On the surface all is well, stocks are soaring, the EURUSD is up solidly, and euphoria is back, or that is at least what is being telegraphed. So why is the single biggest unmanipulated flight to safety flag (defined by us) [...] continue reading world news

AND NOW: The Fed’s Gold Is Being Audited … By The US Treasury

- The Fed’s Gold Is Being Audited… By The US Treasury (ZeroHedge, Aug 2, 2012): When we started reading the LA Times article reporting that “the federal government has quietly been completing an audit of U.S. gold stored at the New York Fed” we couldn’t help but wonder when the gotcha moment would appear. It [...] continue reading world news

MSM Reporter Tells The Truth About Audit The Fed And The Creation Of The Federal Reserve (Video)

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the [...] continue reading world news

Chinese Ultra-Luxury Car Bubble Pops As 1 Year Old Used Lamborghini Gallardo Sells 70% Off Sticker

- Chinese Ultra-Luxury Car Bubble Pops As 1 Year Old Used Lambo Gallardo Sells 70% Off Sticker (ZeroHedge, July 31, 2012): Rumors are circulating that reports of the demise of the Chinese auto market may be exaggerated now that even David Einhorn is forced to defend his GM long (because it “has a strong cash [...] continue reading world news