Greek Bad Loans Climb To Record 25% Of Total

- Greek Bad Loans Climb To Record 25% Of Total (ZeroHedge, Sep 29, 2012): It appears that in the past few weeks, the number 25% is strange attractor of bad luck for Greece. First, a month ago we learned that Greek unemployment has for the first time ever reached 25%. Now we get to see [...] continue reading world news

14 Signs That The World Economy Is Getting Weaker

- 14 Signs That The World Economy Is Getting Weaker (Economic Collapse, Sep 27, 2012): The United States is not the only one with massive economic problems right now.  The truth is that just about wherever you look around the globe things are getting even worse.  China is experiencing a substantial economic slowdown, and Japan [...] continue reading world news

iRiot: Thousands Of Apple’s Foxconn Workers Clash With Security Guards In China

- Thousands of Foxconn workers clash with security guards in China (WSWS, Sep 25, 2012): Taiwan-based Foxconn, the world’s largest outsourcing electronics manufacturer, had to suspend production at one of its major facilities, in the northern Chinese city of Taiyuan, on Monday following a protest during which 2,000 assembly line workers clashed with 1,500 security [...] continue reading world news

China Buys North Korea’s Gold Reserves As South Korea Increased Gold Reserves By 30 Percent

- China Buys North Korea’s Gold Reserves As South Korea Increased Gold Reserves By 30% (ZeroHedge, Sep 25, 2012): … The IMF reported that various countries continued diversifying into gold in July, some significantly. South Korean gold reserves rose a sharp 16 tonnes for a 30% increase in total gold reserves. Paraguay became the latest [...] continue reading world news

39% Of South African Gold Production Is Now Offline

- 39% Of South African Gold Production Is Now Offline (ZeroHedge, Sep 26, 2012): Over a month ago, when discussing the implications of the South African miner strike that will not end until all local mining companies’ income statements are crippled after succumbing to wage hike demands, we said “Expect more South African mines to [...] continue reading world news

Total Economic Collapse In Greece: One Third Of Athens Businesses Shuttered

- One Third Of Athens Businesses Shuttered (ZeroHedge, Sep 25, 2012): Two weeks ago we showed the human aspect of the absolute economic collapse in Greece (because depression is too light a word to describe what is happening in this globalist vassal collony) when charting Greek unemployment surging by 1% in one month to 24.4%, [...] continue reading world news

iRage: Apple’s FoxConn China Plant Damaged As Riots Resume

- iRage: Apple’s FoxConn China Plant Damaged As Riots Resume (ZeroHedge, Sep 23, 2012) - Report: Riots break out at Foxconn factory in China (NBC News, Sep 23, 2012) continue reading world news

‘What’s Next?’: Explaining The Doomsday Cycle

- “What’s Next?”: Simon Johnson Explains The Doomsday Cycle (ZeroHedge, Sep 22, 2012): There is a common problem underlying the economic troubles of Europe, Japan, and the US: the symbiotic relationship between politicians who heed narrow interests and the growth of a financial sector that has become increasingly opaque (Igan and Mishra 2011). Bailouts have [...] continue reading world news

China’s Delinquent Loans Rise 333% Since End 2011

- China’s Delinquent Loans Rise 333% Since End 2011 (ZeroHedge, Sep 19, 2012): Presented with little comment since our jaws just hit our chest – these stunning headlines from a PWC report: *CHINA TOP 10 LISTED BANKS’ OVERDUE LOANS REACH 489B YUAN END-1H *CHINA OVERDUE LOANS RISE FROM 112.9B YUAN END-2011: PWC *INCREASE IN CHINA [...] continue reading world news

Bank Of America To Fire 16,000 By Year End

- Bank Of America To Fire 16,000 By Year End (ZeroHedge, Sep 20, 2012): Curious why nearly 4 years ago to the day Ben Bernanke and Hank Paulson told Ken Lewis to purchase Merrill Lynch “or else” (but to make sure everyone gets paid their bonuses bright and early with no cuts)? It certainly had [...] continue reading world news

Webster Tarpley: Depression, Dictatorship & WW3 (Video)

FYI. YouTube Added: 17.09.2012 See also: - Former Assistant Deputy Secretary Of State Dr. Steve Pieczenik Drops Bombshell: Israel To Start WW III On Sept. 25 (‘Yom Kippur’) – (Video) - Max Keiser: Total Global Collapse By April 2013! (Video) - Gerald Celente: Criminal Banksters Launching World War III (Video) Flashback: - The Truth About [...] continue reading world news

Panasonic, Canon Shutter China Factories Amid Violent Anti-Japan Protests – 1,000 Chinese Fishing Boats To Arrive Near Senkaku Islands

An anti-Japanese protester throws a gas canister during a demonstration over the disputed Diaoyu Islands in Shenzhen, China, on Sunday. - Panasonic, Canon shutter China factories amid violent anti-Japan protests (MSNBC, 17, 2012): Major electronics firms Panasonic and Canon have temporarily suspended production at factories in China after a territorial dispute over a group of [...] continue reading world news

Japanese Businesses Shuttering Chinese Facilities As Mainland Anger Spreads

- Japanese Businesses Shuttering Chinese Facilities As Mainland Anger Spreads (ZeroHedge, Sep 17, 2012): When you have central planners printing inverse-wealth (because money printing dilution by definition means less wealth for everyone), who needs that cornerstone of old school economics: trade. Certainly not Japan (which has been diluting its futures to prosperity for the past [...] continue reading world news

Janet Tavakoli: Understanding Derivatives And Their Risks (Video)

YouTube Added: 15.09.2012 - Janet Tavakoli: Understanding Derivatives and Their Risks (ZeroHEdge, Sep 15, 2012): Global financial markets are awash in hundreds of trillions of dollars worth of derivatives. By some estimates, the total amount exceeds one quadrillion. Derivatives played a central role in the 2008 credit crisis, as they had a brutal multiplying effect [...] continue reading world news

New Bankster Bailout Disguised As QE3

Latest move represents huge transfer of wealth from the middle class to the elite - New Banker Bailout Disguised As QE3 (Infowars, Sep 14, 2012): While Ben Bernanke’s announcement that the Federal Reserve will embark on an open ended scheme to purchase $40 billion in mortgage-backed securities each month has been touted by the establishment [...] continue reading world news

Marc Faber: ‘Fed Will Destroy The World’ (Video)

- Marc Faber: “Fed Will Destroy The World” (ZeroHedge, Sep 14, 2012): “Everything will collapse” is the consequence Gloom, Boom, & Doom’s Marc Faber sees from the Fed’s latest ‘stimulus’ (and the fallacy and misconception of how money-printing can help employment). In a wondrously clarifying interview on Bloomberg TV this morning, Faber explained why he [...] continue reading world news

As Predicted, Bernanke Launches QE3 to Help the Big Banks … Which Will Destroy the Economy

- As Predicted, Bernanke Launches QE3 to Help the Big Banks … Which Will Destroy the Economy (ZeroHedge, Sep 13, 2012): Image via Max Keiser We predicted last week that Bernanke would launch QE3 this week. Today, the Fed announced that it will buy $40 billion dollars of mortgage-backed securities per month … indefinitely. This [...] continue reading world news

PIMCO’s Bill Gross Sells $30 Billion In Treasurys In August As Total Return Fund Cuts Government Exposure By Over A Third

- Bill Gross Sells $30 Billion In Treasurys In August As Total Return Fund Cuts Government Exposure By Over A Third (ZeroHedge, Sep 12, 2012) See also: - PIMCO’s Bill Gross (‘The King Of Bonds’): Buy Gold, Not Bonds (Video) continue reading world news

No Dead Cat Bounce In Spanish Home Price Which Collapse 12% In August

- No Dead Cat Bounce In Spanish Home Price Which Collapse 12% In August (ZeroHedge, Sep 11, 2012) continue reading world news

India’s Second Largest Iron-Ore Miner Halts All Activity

- India’s Second Largest Iron-Ore Miner Halts All Activity (ZeroHedge, Sep 10, 2012): While the plight of precious metal mining in the 3rd largest gold producer in the world has been well-documented here, as on ongoing strike in various South African mines has crippled precious metal supply, so far the mining shut down had not [...] continue reading world news

Real Unemployment Rate Hits 11.7% As Spread Between Reported And Propaganda Data Hits Record

– Real Unemployment Rate Hits 11.7% As Spread Between Reported And Propaganda Data Hits Record (ZeroHedge, Sep 7, 2012): Today’s reported unemployment rate: 8.1%. The reason: the labor “participation” dropped to a 31 year low 63.5% as reported earlier. Of course, this number is pure propaganda, and makes no sense for one simple reason: despite [...] continue reading world news

China: Pharmaceutical Manufacturers Caught Using ‘Gutter Oil’ To Make Antibiotics

- Chinese pharmaceutical manufacturers caught using ‘gutter oil’ to make antibiotics (Natural News, Sep 9, 2012): As China continues to rise as the new Asian powerhouse, there has been a steady stream of reports which have detailed the country’s staggering lack of standards when it comes to producing manufactured goods, so it was only mildly [...] continue reading world news

Delusional Reality: Everything Peddled By Politicians, Media, Banks And TV Is A Fiction

- Delusional reality: Everything peddled by politicians, media, banks and television is a fiction (Natural News, Sep 6, 2012): The “War on Terror” is a complete fabrication. There is no terrorism other than what the government creates in order to sell its agenda of a police state takeover. Click here to read Paul Craig Roberts’ [...] continue reading world news

Financial Markets Cheer The Death Of The Bundesbank (Welt, Sep 6, 2012) – Bundesbank Text: Weidmann Reiterated Bond-Buy Criticism

- Bundesbank Text: Weidmann Reiterated Bond-Buy Criticism (Financial Market News, Sep 6, 2012): FRANKFURT (MNI) – The following is a statement issued by the Bundesbank on Thursday: “In the most recent discussions, as before, Bundesbank President Jens Weidmann reiterated his frequently substantiated critical stance towards the purchase of government bonds by the Eurosystem. He regards [...] continue reading world news

Record 46.7 Million Americans On Food Stamps

Before: - 46.5 Million Americans, Record 22.3 Million US Households, On Foodstamps – 8,753,935 On Disability - Food-Stamp Use Climbs to Record, Reviving Campaign Issue (Bloomberg, Sep 4, 2012): Food-stamp use reached a record 46.7 million people in June, the government said, as Democrats prepare to nominate President Barack Obama for a second term with [...] continue reading world news

803 Years Of Global Inflation (Chart Of The Day)

- Chart Of The Day: 803 Years Of Global Inflation (ZeroHedge, Sep 4, 2012): Spot the point in this 803 year timeline of world inflation, when the Fed was created. The chart above comes courtesy of Jim Reid’s fantastic “Journey into the Unknown” which we will dissect in much more detail shortly. For now we [...] continue reading world news

18 Indications That Europe Has Become An Economic Black Hole Which Is Going To Suck The Life Out Of The Global Economy

- 18 Indications That Europe Has Become An Economic Black Hole Which Is Going To Suck The Life Out Of The Global Economy (Economic Collapse, Sep 3, 2012): Summer vacation is over and things are about to get very interesting in Europe.  Most Americans don’t realize this, but much of Europe shuts down for the [...] continue reading world news

Spain: For Whom The Bell Now Tolls

- Spain: For Whom The Bell Now Tolls (ZeroHedge, Sep 2, 2012): Via Mark J. Grant, author of Out of the Box,“It is an old saying; the Devil lurks behind the cross. All is not gold that glitters. From the tail of the plough, Bamba was made King of Spain; and from his silks and [...] continue reading world news

Former Managing Director Of Monsanto India: ‘Introducing Genetically Modified Seeds Is Murder!’ (Video)

YouTube Added: 30.08.2012 Description: Watch on youtube here: http://www.youtube.com/watch?v=J1bjdWTFMUM or on journeyman here: http://vodsite.journeyman.tv/store?p=4885 For downloads and more information visit: http://www.journeyman.tv/?lid=63220 Our morning ritual speaks of our love affair with cotton: we throw off crisp cotton sheets, shower and dry ourselves with thick cotton towels, sweep fluffy cotton balls over our face, then slip on [...] continue reading world news

DOE Memo: Bechtel Incompetent To Complete Hanford Nuclear Waste Cleanup

- Bechtel Incompetent To Complete Hanford Nuclear Waste Cleanup: DOE Memo (Forbes, Aug 29, 2012): More than 10 years into the job, Bechtel National Inc. has been described as incompetent to complete the $12.2 billion nuclear waste treatment plant at Hanford, Wa., the nation’s largest radioactive waste site, according to an internal Department of Energy [...] continue reading world news