New York Paralyzed As Subways Shut Down Indefinitely: Subway Chief: ‘Worst Disaster Ever’

- New York Paralyzed As Subways Shut Down Indefinitely: Subway Chief: “Worst Disaster Ever” (ZeroHedge, Oct 30, 2012): As everyone who has been to New York City knows, without its underground arteries – the subway system - the city is if not dead, than certainly in an indefinite coma. By that logic, New York will [...] continue reading world news

Supersonic Fiscal Free Fall

- Supersonic Fiscal Free Fall (ZeroHedge, Oct 27, 2012): From Slope of Hope‘s Sunday favorite BDI, here comes Evil Plan 93.0: Well, my fellow Slope-a-Dopes, I’ve been hearing a lot about the dreaded “Fiscal Cliff” for quite some time now.  So I decided to take a flying frog freelance free fall leap into the woefully [...] continue reading world news

The Spanish Bad Bank Emerges, Confirms Spanish Real Estate Absolute Disaster

- The Spanish Bad Bank Emerges, Confirms Spanish Real Estate Absolute Disaster (ZeroHedge, Oct 29, 2012): The details of the Spanish bad bank are being released and it is ugly – far uglier than many had expected. And while the Spanish government expects priovate interest to take some of this massively discounted ‘crap’ off their [...] continue reading world news

Tepco To Force All Employees To Go To Fukushima Several Times A Year For Decontamination, Starting 2013

- [Fukushima conscription started] Tepco will oblige all the employees to go to Fukushima, 100,000ppl/y in total. (Fukushima Diary, Oct 27, 2012): In the mid-term administration plan, Tepco decided to send all of their employees to Fukushima for decontamination from 2013. They are sent to Fukushima for 2~3 times a year, about 100,000 people in [...] continue reading world news

Vietnamese Banks Who Paid Dividend On Stored Gold, Were Quietly Selling It To Appear Solvent

- Vietnamese Banks Who Paid Dividend On Stored Gold, Were Quietly Selling It To Appear Solvent (ZeroHedge, Oct 26, 2012): Several months ago, we reported about a troubling development in Vietnam, happy inflationary host of one of the world’s most rapidly devaluing and best named currencies, that in direct refutation of Ben “Gold is not [...] continue reading world news

Since The Peak In 2001, An Hour Of Your Valuable Time Has Never Been Worth Less, Has Lost 81% Of Its Purchasing Power!

- An Hour Of Your Time Has Never Been Worth Less (ZeroHedge, Oct 25, 2012): Whether it’s deleveraging, spare capacity, dollar debasement, productivity gains, or just plain old obesity, in real purchasing power terms, an hour of your time has never been worth less. In the 40 years since Nixon’s 1971 fiat-fiasco, the value of [...] continue reading world news

Agenda 21 – Land Grab In America – Iron Mountain – NWO Fascist Dictatorship – Big Brother – Propaganda – False Science – HAARP (Video)

YouTube Added: 02.08.2012 continue reading world news

Iran Threatens To Halt Crude Exports If Sanctions Intensify (Bloomberg)

- Iran Threatens to Halt Crude Exports If Sanctions Intensify (Bloomberg, Oct 23, 2012): Iran will suspend all oil exports, pushing global crude prices higher, if the U.S. and Europe tighten sanctions further on the OPEC member’s economy, Oil Minister Rostam Qasemi warned. “If you continue to add to the sanctions, we will stop our [...] continue reading world news

2.3 Million Distressed Homes Have Yet To Hit Market

FYI. - 2.3 Million Distressed Homes Have Yet To Hit Market (The Orange County Register, Oct 22, 2012): Just under 2.3 million U.S. homes made up a “shadow inventory” of distressed properties that are likely to hit the housing market in the future, according to Santa Ana-based data giant CoreLogic. That’s down from July 2011, [...] continue reading world news

Stock Market Fragility Fast Approaching ‘Flash Crash’ Levels

- Stock Market Fragility Fast Approaching “Flash Crash” Levels (ZeroHedge, Oct 2012): This past Friday, on the 25th anniversary of Black Monday, Bill Gross warned that in the current centrally-planned market “central bank puts” are the modern day equivalent of “portfolio insurance”, and he is right. By sending complacency to record levels, and essentially forcing [...] continue reading world news

Presenting All The US Debt That’s Fit To Monetize

- Presenting All The US Debt That’s Fit To Monetize (ZeroHedge, Oct 20, 2012): Over the past 4 years the Fed’s strategy in response to the Second Great Depression has been a simple one: purchase record (and now open-ended) amounts of fixed income product (offset by releasing record amounts of reserves in the banking universe [...] continue reading world news

Study: Student Loan Debt Hits Record High – Stunning 37.8 Percent Of Recent Graduates Working In Jobs That Do Not Require A College Degree

- Student loan debt hits record high, study shows (NBC News, Oct 18, 2012): The average college student who graduated in 2011 had $26,600 in student loans, according to a new report, which estimates two-thirds of last year’s college graduates had student loan debt. The average debt is the largest since the Institute for College [...] continue reading world news

Greece Is Not Poor – It Actually Has Massive Untapped Reserves Of Gold, Oil And Natural Gas Worth TRILLIONS OF DOLLARS

- Greece Is Not Poor – It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas (Economic Collapse, Oct 15, 2012): It turns out that the poster child for the European debt crisis is not actually poor at all.  In fact, the truth is that the nation of Greece is sitting on absolutely [...] continue reading world news

To Fight Hyperstagflation, Greece Will Allow Sale Of Expired Food Products

- To Fight Hyperstagflation, Greece Will Allow Sale Of Expired Food Products (ZeroHedge, Oct 15, 2012): Against a deflationary environment of austerity-driven wage and pension cuts combined with rising unemployment; food, commodity, and fuel prices continue to surge in Greece. The government has taken an unusual step – allowing the sale of expired food at [...] continue reading world news

21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level

- 21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level (Economic Collapse, Oct 14, 2012): The global debt crisis has reached a dangerous new phase.  Unfortunately, most Americans are not taking notice of it yet because most of the action is taking place overseas, and because U.S. financial [...] continue reading world news

Breaking News: Romney’s Bain Capital Exposed As Cash Laundry For Bush Drug Cartel (Video)

- Breaking: Romney’s “Bain Capitol” Drug Front For Bush Cartel (Video) (Veterans Today, Oct 15, 2012): Romney Candidacy Takes Major Blow as Bain Exposed as Cartel Cash Laundry I can’t guarantee the video you will see will save your grandchildren or bring back our freedoms.  What I can guarantee is this:  Anyone who sees this [...] continue reading world news

Loyalty’s For Chumps On The Street: Bankers’ Man In 2008, Obama’s Been Dumped By The Money Men

- Loyalty’s for Chumps on The Street: Bankers’ Man in 2008, Obama’s been Dumped by the Money Men (This Can’t Be Happening, Oct 11, 2012) continue reading world news

The Bears Explain How The Rich Get Richer (Video)

- The Bears Explain How The Rich Get Richer (ZeroHedge, Oct 12, 2012): In an attempt to break the now ubiquitous narrative that “its all about income tax rates”, and to challenge the ridiculous new support for QEternity; ‘The Bears’ that brought you ‘The Bernank’ are back. In this cartoon, they explain how the bailouts [...] continue reading world news

OECD: Japan Public Debt In ‘Uncharted Territory’ (WSJ)

Related info: -Japanese Ministry of Finance To Japanese Bondholders: YOU’RE SCREWED!!! - Bank Of Japan Increases Asset Purchases By Y10 Trillion, Total Program Now Y80 Trillion, Total Debt Still Y1 Quadrillion - Bond Wars: Chinese Advisor Calls For Japanese Bond Dump (… Leading To A Long Anticipated Japanese Bond Market Collapse) - Japan’s Debt Crisis [...] continue reading world news

S&P Cuts Spain Credit Rating To Near Junk

- S&P cuts Spain credit rating to near junk (Reuters, Oct 11, 2012): Standard & Poor’s on Wednesday cut Spain’s sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government’s policy options to arrest the slide. The S&P downgrade comes with a negative outlook reflecting the [...] continue reading world news

European Banks Need To Sell Up $4.5 TRILLION In Assets In Next 14 Months, IMF Warns

- European Banks Need To Sell Up $4.5 Trillion In Assets In Next 14 Months, IMF Warns (ZeroHedge, Oct 9, 2012): While yesterday it was the sovereigns who suffered the wrath of the IMF’s wholesale growth outlook downgrade (unbeknownst to Christine Lagarde), today it is the turn of the financial sector (which is increasingly being [...] continue reading world news

Gold In Iran Soars By 23% In One Week As All Currency Transaction Tracking Disappears

- Gold In Iran Soars By 23% In One Week As All Currency Transaction Tracking Disappears (ZeroHedge, Oct 9, 2012): Just over a week ago we we were the first to shed light on the reality of hyperinflation on the ground in Iran – and subtley suggested the whole thing could be watched in real-time. [...] continue reading world news

As Hugo Chavez Wins Presidential Re-election Someone Makes Absolute Killing On InTrade

- As Hugo Chavez Wins Presidential Re-election Someone Makes Absolute Killing On InTrade (ZeroHedge, Oct 7, 2012): Moments ago the Venezuelan Electoral Council (one wonders if the term ‘Hanging Chad’ has a different meaning down there?), announced that with 90% of the votes counted, and an 80.4% turnout, the winner of 54.4% of the vote, [...] continue reading world news

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

- The Largest Economy In The World Is Imploding Right In Front Of Our Eyes (Economic Collapse, Oct 7, 2012) A devastating economic depression is rapidly spreading across the largest economy in the world.  Unemployment is skyrocketing, money is being pulled out of the banks at an astounding rate, bad debts are everywhere and economic [...] continue reading world news

White House Manipulating The Jobs Data? Unpossible…

- White House Manipulating the Jobs Data? Unpossible… (ZeroHedge, Oct 6, 2012) continue reading world news

EU Sides With Monsanto In ‘GMO Cancer Corn’ Word War

See also: - FIRST LONG-TERM GMO STUDY: Monsanto GMO Corn & Roundup Cause Massive Tumors In Lab Animals (Video) - French Scientists: Monsanto GM Corn Causes Tumors And Severe Liver & Kidney Damage In Rats - Shocking GMO Study: Rats Fed Lifetime Of GM Corn Grow Horrifying Tumors, 70% Of Females Die Early And here [...] continue reading world news

UK: National ‘Virtual ID Card’ Scheme Set For Launch

- National ‘virtual ID card’ scheme set for launch (Is there anything that could possibly go wrong?) (Independent, Oct 4, 2012): Central online identity scheme ‘will be a target for criminals’ The Government will announce details this month of a controversial national identity scheme which will allow people to use their mobile phones and social [...] continue reading world news

Hedge Fund Manager Kyle Bass On The Federal Budget: ‘I Don’t Know How To Fix This’

- Kyle Bass On The Federal Budget: “I Don’t Know How To Fix This” (ZeroHedge, Oct 3, 2012): Hayman Capital’s Kyle Bass is back and cutting through the caustic bullshit that surrounds every waking moment in this kick-the-can world. Dispelling the myth of our ‘deleveraging’ virtue, with global debt having grown from $80tn to over [...] continue reading world news

As Legendary Nurburgring Files For Bankruptcy, Broke Greece Launches Its Own Formula 1 Race Track

- As Legendary Nurburgring Files For Bankruptcy, Broke Greece Launches Its Own Formula 1 Race Track (ZeroHedge, Oct 1, 2012): There is something very wrong with this story. Two months ago, the world’s most legendary race track, Germany’s Nürburgring filed for bankruptcy. As AP wrote then: “Germany’s legendary Nürburgring racetrack and entertainment complex is effectively [...] continue reading world news

Iceland’s Economy Now Growing Faster Than The U.S. And EU After Arresting The Banksters

Related news: - Here Is What Happens If You Do Not Bail Out The Banksters And Avoid Getting Raped By The IMF - Two Thirds Of Icelanders Oppose EU Membership - A Lesson For Europe: Why Iceland Won’t Join The Euro (Video) - Iceland Once Again Tells IMF, UK, Netherlands To ‘Go to Hell’; ‘Ice [...] continue reading world news

How Bad Was The Great Depression? (Video)

And this time it’s the ‘Greatest Depression’. - How Bad Was The Great Depression? (ZeroHedge, Sep 29, 2012): To properly understand the events of the time (and to put them in today’s context), we believe, like the FEE, that it is factually appropriate to view the Great Depression as not one, but four consecutive downturns [...] continue reading world news