Bolivia Nationalises Electricity Companies Owned By Spanish Utility Iberdrola

- Bolivia nationalises Iberdrola electricity companies (Reuters, Dec 29, 2012): Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country’s resources. Iberdrola will be compensated according to a valuation to be drawn up by an independent arbiter, Morales [...] continue reading world news

VeteransToday’s Gordon Duff: ‘Unimaginable Number Of Veterans Homeless’ (Video)

Don’t miss: - America’s 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe - ‘Unimaginable number of veterans homeless’ (PressTV, Dec 30, 2012): American military veterans who have returned from the wars in Iraq and Afghanistan are homeless in “almost unimaginable numbers,” says Gordon Duff, senior editor at Veterans Today. American veterans [...] continue reading world news

Rick Santelli: ‘The Fed Doesn’t Have A Cluee, Neither Does The President, Neither Does Congress’ (CNBC Video)

- Santelli Channels Cramer: “The Fed Doesn’t Have A Clue” (ZeroHedge, Dec 27, 2012): Comparisons of the failure of the TARP vote and the fiscal cliff were summarily dismissed early in this clip – though CNBC’s Rick Santelli does note, as we have vociferously stated that a market correction is the only impetus to get [...] continue reading world news

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

- Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States (Economic Collapse, Dec 26, 2012): America is rapidly becoming a nation of takers.  An increasing number of Americans expect the government to take care of them from the cradle to the grave, and they expect the government to dig into the pockets [...] continue reading world news

Generation Y Wakes Up From The American Dream, Faces An American Nightmare

- Generation Y Wakes Up From The American Dream, Faces An American Nightmare (ZeroHedge, Dec 26, 2012): Three and a half years after the worst recession since the Great Depression, the earnings and employment gap between those in the under-35 population and their parents and grandparents threatens to unravel the American dream of each generation [...] continue reading world news

Eric Sprott: Why Are (Smart) Investors Buying 50 Times More Physical Silver Than Gold?

- Why are (Smart) Investors Buying 50 Times More Physical Silver than Gold? (Sprott Global Resource Investments): By: Eric Sprott As long-time students of precious metals investing, there are certain things we understand. One is that, historically, the availability ratio of silver to gold has had a direct influence on the price of the metals. [...] continue reading world news

UK: Christmas Food Handouts Double

- Christmas food handouts double as millions face ‘financial precipice’ (Guardian, Dec 22, 2012): The number of people who will turn to food banks for sustenance is expected to double this Christmas, as a new report warns that millions more families face a financial “precipice” due to high personal debts, flatlining wages and future interest [...] continue reading world news

Mario Monti Generously Offers To Stay On As Italy’s Unelected Head

- Mario Monti Generously Offers To Stay On As Italy’s Unelected Head (ZeroHedge, Dec 23, 2012): Yesterday, the man planted by Goldman to be Italy’s unelected leader in November 2011, officially stepped down and shortly thereafter his government was dissolved in advance of the February 25, 2013 elections. Yet Monti, under whose helm Italy has [...] continue reading world news

The 12 Charts Recapping The 12 Months Of 2012

- The 12 Charts Recapping The 12 Months Of 2012 (ZeroHedge, Dec 23, 2012) continue reading world news

America’s 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

- 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe (Economic Collapse, Dec 20, 2012): What a year 2012 has been!  The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get [...] continue reading world news

Silver To Gain 29% In 2013 – Analysts, Traders And Investors

In the last few years gold and silver bottomed out around (directly after) Christmas. The sheeple buy (soon to be) worthless iPhone’s and iPad’s and the elite buys gold and silver. So BTFD!!! - Silver To Gain 29% In 2013 – Analysts, Traders And Investors (ZeroHedge, Dec 20, 2012): … Silver will rise as much [...] continue reading world news

Japan’s Shinzo Abe Prepares To PRINT MONEY For The Whole World (Telegraph)

- Japan’s Shinzo Abe prepares to print money for the whole world (Telegraph, Dec 17, 2012) continue reading world news

Japanese Pension Funds With $3.4 Trillion In Assets Seek Safety In Gold

- Japanese Pension Funds With $3.4 Trillion In Assets Seek Safety In Gold (ZeroHedge, Dec 18, 2012) continue reading world news

Japan’s NO EXIT Strategy

- Japan’s NO EXIT Strategy (Testosterone Pit, Dec 17, 2012): One of my sources in Japan was told about a yearend Bonenkai party where an official from the Ministry of Finance, the most powerful ministry at the core of Japan Inc., had let slip some things, perhaps after one too many drinks. He confirmed the view [...] continue reading world news

The Libor Scandal Link: Fathers Of Shooters Adam Lanza & James Holmes Were To Testify

- Libor scandal grows as the fathers of two mass murderers were to testify (Examiner, Dec 16, 2012): In the wake of the mass murders that took place in Newtown, Connecticut on Dec. 14, information on the shooter, and his family, is slowly being discovered by law enforcement other sources. One interesting connection to the [...] continue reading world news

Chart Of The ‘New Normal’: Ben Bernanke Doubles Down – Literally

- Chart Of The “New Normal”: Ben Bernanke Doubles Down – Literally (ZeroHedge, Dec 16, 2012): The chart below is self-explanatory, and somewhat jaw-dropping… Source: debt to the penny continue reading world news

Keiser Report: Monkeys & Cocaine: HSBC Money Laundering Case – Too Big To Jail (Video)

Excerpt: Full ‘Keiser Report’: (Must-see!) Added: 13.12.2012 Description: In this episode, Max Keiser and Stacy Herbert look at HSBC being fined rather than criminally charged in order to avoid destabilizing the system, while JP Morgan and others are being sued for about a trillion in bad mortgages investors were duped into buying. They also look [...] continue reading world news

Dr. Paul Craig Roberts: Obdurate Washington – ‘The Evil In Washington Is Driving Us Into Nuclear War And Into The Destruction Of Life On Earth’

Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. Dr. Paul Craig Roberts [...] continue reading world news

Austrian Civil Servant Blows $440 Million In Taxpayer Funds On Risky Derivatives

- Austrian Civil Servant Blows $440 Million In Taxpayer Funds On Risky Derivatives (ZeroHedge, Dec 11, 2012): It is oddly ironic that on the day the US bailout of AIG is complete, and with a “profit” at that, the spin goes, even if the spin ignores that the “profit” was only purchased at the expense [...] continue reading world news

Mother Who Is ‘Better Off On Benefits’ Spends £2,000 On Christmas With 20 Presents For Each Of Her Children

Expensive: Miss Broderick is planning on buying iPads and gold earrings among other gifts for her daughters - Unemployed single mother on benefits who spends £2,000 on Christmas with 20 presents for each of her children (Daily Mail, Dec 11, 2012): While many families are worrying about how to afford Christmas this year, one jobless [...] continue reading world news

Microsoft Avoids Paying £159 MILLION In UK Corporation Tax EVERY YEAR

- Microsoft avoids paying £159MILLION in corporation tax EVERY YEAR using Luxembourg tax loophole (Daily Mail, Dec 10, 2012): Microsoft avoids UK corporation tax on £1.7billion a year in UK revenue Along with other major companies, uses Luxembourg office to legally dodge tax Tech giant claims it ‘fulfills all tax obligations’ Tax activist blast the [...] continue reading world news

Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months

- Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months (ZeroHedge, Dec 10, 2012): And we thought last month’s delayed foodstamp data was bad. The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million [...] continue reading world news

EUSSR: BRUSSELS IN PLOT TO CONTROL ALL NATIONAL SPENDING

- BRUSSELS IN PLOT TO CONTROL ALL NATIONAL SPENDING (Express, Dec 6, 2012): BRUSSELS will be able to overrule national governments to enforce budget decisions under plans for the eurozone unveiled by chief Eurocrat Herman Van Rompuy last night. The European Union Council chief’s blueprint for financial union risks another row at a Brussels summit [...] continue reading world news

The Greatest Depression Is Here: Europe’s Scariest Chart

… and the ‘Greatest Depression’ will get much worse. - Europe’s Scariest Chart – Update (ZeroHedge, Dec 6, 2012): Despite Draghi’s insistence that ‘significant’ progress has been made, that the ECB’s efforts have not been “killer medicine”, that stocks are higher and spreads are lower (implying the ECB “has already done much that is needed”), [...] continue reading world news

Gun Sales Surge: Smith & Wesson Announces Sales +48%

[ZH: Cue gratuitous (and infamous) Israeli gun-toting woman in bikini] - Gun Sales Surge: Smith & Wesson Announces Sales +48% (ZeroHedge, Dec 6, 2012): I have maintained for quite some time that the only true “consumer confidence” statistic one should look at is that of gun sales.  The bottom line is people do not hoard [...] continue reading world news

Bombshell: Deutsche Bank Hid $12 Billion In Losses To Avoid A Government Bailout

Former CEO of Deutsche Bank Josef Ackermann in 2008 - Bombshell: Deutsche Bank Hid $12 Billion In Losses To Avoid A Government Bail-Out (ZeroHedge, Dec 5, 2012): Forget the perfectly anticipated Greek (selective) default. This is the real deal. The FT just released a blockbuster that Europe’s most important and significant bank, Deutsche Bank, hid [...] continue reading world news

Not The Onion … Jackpot In Italian Lottery: A Supermarket Job!!!

- Tuesday (Not) Humor… Jackpot In Italian Lottery: Supermarket Job (ZeroHedge, Dec 4, 2012): With the Italian economy in its fourth recession in the last ten years and unemployment soaring, a supermarket has come up with a novel way of hiring. According to Germany’s Mittelstands Nachrichten, customers who spend over EUR30 will receive a lottery [...] continue reading world news

Former Greek PM G-Pap’s 89 Year Old Mother Said To Have $700 Million In Swiss Bank Account

- Former Greek PM G-Pap’s 89 Year Old Mother Said To Have $700 Million In Swiss Bank Account (ZeroHedge, Dec 3, 2012): There was a time when Swiss bank secrecy was the passion of every tax-challenged oligarch in the world. Then things changed, Obama made it s badge of honor to rat out anyone you [...] continue reading world news

Ron Paul: Why I Didn’t Run As An Independent (Video)

Must-see! YouTube Added: 30.11.2012 continue reading world news

Nigel Farage On What The Nobel Peace Price Means To The EU (Video)

YouTube Added: 30.11.2012 “The Eurozone is now in a very dark place; economically, socially, politically, and I fear that the countries trapped inside it (in that prison) will be there for many years to come.” See also: - Nigel Farage Slams Nobel Peace Prize Farce As ‘Insurgency And Violence’ Reign Flashback: - Is Obama’s Peace [...] continue reading world news

The Latest Bubble: Hong Kong Parking Space Sells For Double Average US Home Price

- The Latest Bubble: Hong Kong Parking Space Sells For Double Average US Home Price (ZeroHedge, Nov 29, 2012): After recently selling the most expensive per-square-foot residential property in the world recently, the liquidity slooshing around the world has been modestly stymied by Hong Kong’s curbs on home-buying in the world’s most expensive market. But [...] continue reading world news