Meet The Minimum-Wage Homeless Who Are ‘Cleaning Up’ Fukushima (For The Yakuza)

- Meet The Minimum-Wage Homeless Who Are “Cleaning Up” Fukushima (For The Yakuza) (ZeroHedge, Dec 30, 2013): “We’re an easy target for recruiters,” one homeless man explains. “We turn up here with all our bags, wheeling them around and we’re easy to spot. They say to us, are you looking for work? Are you hungry? […] continue reading world news

IT Firms Lose Billions After NSA Scandal Exposed By Whistleblower Edward Snowden

- IT firms lose billions after NSA scandal exposed by whistleblower Edward Snowden (Independent, Dec 30, 2013): The National Security Agency scandal exposed by whistleblower Edward Snowden has cost American technology companies billions of dollars in lost revenue as governments and companies in its important export markets of Asia refuse to entrust the handling of […] continue reading world news

DHS Is Bringing In Terrorist By The Bus Load (Video)

FYI. Related info: - 1 Million US Jobless To Lose Financial Aid YouTube Added: Dec 27, 2013 continue reading world news

The Stock Market Has Officially Entered Crazytown Territory

- The Stock Market Has Officially Entered Crazytown Territory (Economic Collapse, Dec 26, 2013): It is time to crank up the Looney Tunes theme song because Wall Street has officially entered crazytown territory.  Stocks just keep going higher and higher, and at this point what is happening in the stock market does not bear any […] continue reading world news

100 Years Of Economic Turmoil: Is It Time To ‘End The Fed’?

- 100 years of economic turmoil: Is it time to ‘End the Fed’? (RT, Dec 23, 2013): Since the magical moment of its inception on Dec. 23, 1913, the Federal Reserve System has been a source of controversy and even contempt for a growing number of Americans, many of whom are still feeling the sting […] continue reading world news

Charting The Worst Long-Term Unemployment Crisis Since The Depression

- Charts: The Worst Long-Term Unemployment Crisis Since the Depression (Bill Moyers, Dec 24, 2013): Officially, the Great Recession of 2007 ended in June 2009. Yet the economic downturn remains in full effect for millions of Americans, particularly the nearly 40 percent of the unemployed who have been looking for work for six months or more. In […] continue reading world news

The Gold Rush Spreads From China And India To Saudi Arabia

- The Gold Rush Spreads From China And India To Saudi Arabia (ZeroHedge, Dec 24, 2013): In the “west”, the higher the price of gold rose, the more demand there seemingly was by momentum-chasing gamblers investors, if only for paper certificates claiming to represent gold, or GLD as the case may be. Conversely, once the […] continue reading world news

On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever

- On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever (Economic Collapse, Dec 22, 2013): December 23rd, 1913 is a date which will live in infamy.  That was the day when the Federal Reserve Act was pushed through Congress.  Many members of Congress were absent that day, […] continue reading world news

The Last 3 Times This Happened, Markets Turmoiled

- The Last 3 Times This Happened, Markets Turmoiled (ZeroHedge, Dec 22, 2013): Thanks to Bob “I don’t get out of bed unless it’s over 20″ Pisani’s daily diatribes about VIX (the so-called ‘fear’ index), we are supposed to rest assured that all is well in the ever-decreasing horizon world of equity markets. However, while […] continue reading world news

The Hidden Motives Behind The Federal Reserve Taper

Related info: - 200 Years Of Dollar Debasement: A Century Without The Fed And A Century With … Which Would You Prefer? - The Hidden Motives Behind The Federal Reserve Taper (Alt-Market, Dec 21, 2013): “The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control […] continue reading world news

CFTC Announces It Is Undercounting Size Of Swaps Market By As Much As $55 TRILLION

- CFTC Announces It Is Undercounting Size Of Swaps Market By As Much As $55 Trillion (ZeroHedge, Dec 19, 2013): What is $55 trillion between friends? Very little according to the CFTC. In perhaps the biggest under the radar news of the day – to be expected with every watercooler occupied by taper experts – […] continue reading world news

The Taper Is On – 8 Ways That This Is Going To Affect You And Your Family

- The Taper Is On – 8 Ways That This Is Going To Affect You And Your Family (Economic Collapse, Dec 18, 2013) continue reading world news

Bitcoin Crashes After China Bans New Deposits; PBOC Gets DDOSed In Retaliation

- Bitcoin Crashes After China Bans New Deposits; PBOC Gets DDOSed In Retaliation (ZeroHedge, Dec 18, 2013): Yesterday it was the US Treasury’s Financial Crimes Enforcement Network that tightened its grip on businesses that accept Bitcoin. Today, it is China, where the world’s largest Bitcoin exchange by trading volume, BTCChina announced that he had received […] continue reading world news

Jim Grant Slams Steve Liesman ‘The Fed Can Change How Things Look, But Not What They Are’

- Jim Grant Slams Steve Liesman “The Fed Can Change How Things Look, But Not What They Are” (ZeroHedge, Dec 17, 2013) continue reading world news

What If There’s A Recession In 2014?

Flashback: - Gold is a Crap Investment – Unless … - Inflation, Hyperinflation and Real Estate (Price Collaps) What the Fed is looking at. - What If There’s A Recession in 2014? (Gonzalo Lira, Dec 16, 2013): If policymakers were gunfighters, they’d be out of bullets: They have run out of effective policy tools to […] continue reading world news

The IMF Disagrees With Zero Hedge

- The IMF Disagrees With Zero Hedge (ZeroHedge, Dec 15, 2013): On Thursday, after we presented an article by Simon Black in which the author suggested that the IMF was implicitly proposing a 71% tax-rate on Americans, by “suggesting that the US government could maximize its tax revenue by increasing tax brackets to as high […] continue reading world news

Google Completes Acquisition Of Boston Dynamics

Boston Dynamics’ four-legged robot named WildCat can gallop at high speeds. - Google Adds to Its Menagerie of Robots (The New York Times, Dec 14, 2013): SAN FRANCISCO — BigDog, Cheetah, WildCat and Atlas have joined Google’s growing robot menagerie. A robot named BigDog, which can walk over rough terrain, can also stay upright in […] continue reading world news

JPMorgan Patents Bitcoin-Like Payment System

Anonymity? There is no anonymity with Bitcoin and there never will be anonymity with ‘The Morgue’. - JPMorgan patents Bitcoin-like payment system (CNNMoney, Dec 10, 2013): The system includes digital wallets, the ability to transfer money to anyone and anonymity too, according to a patent application filed to the U.S. Patent and Trade Office on [...] continue reading world news

White House Favors Former Bank Of Israel Governor Stanley Fischer To Be Fed Vice Chair

FYI. - The Markets Should Celebrate Stanley Fischer As Number Two At Fed, A Perfect Ten Strike (Forbes, Dec 11, 2013): I know and admire the wisdom of Stanley Fischer, apparently to be appointed Vice Chairman of the Federal Reserve Bank. Fischer will add a serious complement of experience to maintain stability of the nation’s monetary [...] continue reading world news

Dr. Paul Craig Roberts: More Misleading Official Employment Statistics

Dr. 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. - More Misleading [...] continue reading world news

American ‘Servants’ Make Less Now Than They Did in 1910

- American “Servants” Make Less Now Than They Did in 1910 (ZeroHedge, Dec 10, 2013): While much has been said about the benefits of Bernanke’s wealth effect to the asset-owning “10%”, just as much has been said about the ever deteriorating plight of the remaining debt-owning 90%, who are forced to resort to labor to [...] continue reading world news

Here’s The ‘Wealth Effect’: Wealthiest 400 Americans Accounted For 16% Of All Capital Gains

- Here Is The “Wealth Effect”: Wealthiest 400 Americans Accounted For 16% Of All Capital Gains (ZeroHedge, Dec 9, 2013) continue reading world news

The Bitcoin Derivatives Market Has Arrived

- The Bitcoin Derivatives Market Has Arrived (ZeroHedge, Dec 8, 2013) continue reading world news

China October Gold Imports Surge To Second Highest Ever

- China October Gold Imports Surge To Second Highest Ever (ENENews, Dec 8, 2013): Overnight, China reported its biggest trade surplus in almost five years, when November net exports hit $33.8 billion, up from $31.1 billion in October, and 50% above the $21.2 billion consensus estimate. This was driven by a surge in exports which [...] continue reading world news

Detroit Bankruptcy Ruling Triggers Calls For Pension Cuts Across The U.S.

“They want your fucking retirement money!” - George Carlin (2005) - Detroit bankruptcy ruling triggers calls for pension cuts across the US (WSWS, Dec 6, 2013): Within days of a federal judge’s ruling in support of the Detroit bankruptcy, the devastating implications for the working class across the US are becoming apparent. States and cities [...] continue reading world news

Bitcoin Tumbles After China Central Bank Bans Financial Companies From Using Digital Currency

- Bitcoin Tumbles After China Central Bank Bans Financial Companies From Using Digital Currency (ZeroHedge, Dec 5, 2013) continue reading world news

Top 10 Highest Paid CEOs (TIME, Dec 4, 2013)

- Top 10 Highest Paid CEOs (TIME, Dec 4, 2013): 10. Gerald Rubin Company: Helen of Troy Compensation: $41.6 million Helen of Troy, which distributes name brands like Brut and Pert Plus, posted record sales in its fiscal year ending in February 2013, helping its CEO Gerald Rubin take home nearly $29 million in performance-based [...] continue reading world news

15 Signs That We Are Near The Peak Of An Absolutely Massive Stock Market Bubble

- 15 Signs That We Are Near The Peak Of An Absolutely Massive Stock Market Bubble (Ecoonomic Collapse, Dec 1, 2013): One of the men that won the Nobel Prize for economics this year says that “bubbles look like this” and that he is “most worried about the boom in the U.S. stock market.”  But [...] continue reading world news

Wow – The Holiday Shopping Season Is Off To A Horrible Start

- Wow – The Holiday Shopping Season Is Off To A Horrible Start (Economic Collapse, Dec 2, 2013): According to the National Retail Federation, Americans spent an average of 4 percent less over the four day Thanksgiving weekend than they did last year.  Overall, that means that approximately $1.7 billion less was spent at U.S. [...] continue reading world news

The Fed Now Owns One Third Of The Entire US Bond Market (Chart Of The Day)

- Chart Of The Day: The Fed Now Owns One Third Of The Entire US Bond Market (ZeroHedge, Dec 2, 2013): The most important chart that nobody at the Fed seems to pay any attention to, and certainly none of the economists who urge the Fed to accelerate its monetization of Treasury paper, is shown [...] continue reading world news

Ron ‘Austrian’ Paul Vs. Paul ‘Keynesian’ Krugman – You Decide (Video)

- Ron “Austrian” Paul Vs. Paul “Keynesian” Krugman – You Decide (ZeroHedge, Dec 1, 2013): The concept of the business cycle and its un-natural intervention-inspired boom-bust process is at the core of the following three minutes of dueling quotes from two of the most infamous public proponents of change (Ron Paul) and the status quo [...] continue reading world news

Mobs, Stampedes, Fights, Brawls, A Stabbing And Shooting: A Video Compilation Of Black Thursday 2013

Imagine what these people will do in a total economic collapse situation when there will be no food available. - Mobs, Stampedes, Fights, Brawls, A Stabbing And Shooting: A Video Compilation Of Black Thursday 2013 (ZeroHedge, Nov 29, 2013): That greatest of all American traditions – the Black Friday Thursday stampede, this year accompanied with [...] continue reading world news

Greenspan #Timestamped – ‘Dow 16,000 Is Not A Bubble’

- Greenspan #Timestamped – “Dow 16,000 Is Not A Bubble” (ZeroHedge, Nov 27, 2013): The maestro clarifies his ‘experienced’ perspective of spotting bubbles in the following quote from his interview with Bloomberg TV’s Al Hunt: “This does not have the characteristics, as far as I’m concerned, of a stock market bubble,” Of course, as we [...] continue reading world news

The Real Unemployment Rate In The U.S. Is At Least 30%

- Real Unemployment Rate Is Over 30% (Freedom Outpost, Nov 24, 2013): What would you say if I told you that the real unemployment rate in America is at least 30%? Would you call me a tin foil hat conspiracy theorist? Hear me out because I can back up that claim if you will give me a [...] continue reading world news

China Is On A Debt Binge And A Buying Spree Unlike Anything The World Has Ever Seen Before

- China Is On A Debt Binge And A Buying Spree Unlike Anything The World Has Ever Seen Before (Economic Collapse, Nov 26, 2013): When it comes to reckless money creation, it turns out that China is the king.  Over the past five years, Chinese bank assets have grown from about 9 trillion dollars to [...] continue reading world news

How The Gold Price Is Manipulated During The ‘London Fix’

- How Gold Price Is Manipulated During The “London Fix” (ZeroHedge, Nov 25, 2013): There was a time when the merest mention of gold manipulation in “reputable” media was enough to have one branded a perpetual conspiracy theorist with a tinfoil farm out back. That was roughly coincident with a time when Libor, FX, mortgage, [...] continue reading world news

Today’s Wealth Destruction Is Hidden By Government Debt

- Today’s Wealth Destruction Is Hidden By Government Debt ( Ludwig von Mises Institute, Nov 21, 2013): Still unnoticed by a large part of the population is that we have been living through a period of relative impoverishment. Money has been squandered in welfare spending, bailing out banks or even — as in Europe — [...] continue reading world news

The World’s 2170 Billionaires Control $33 TRILLION In Net Worth, Double The US GDP

- The World’s 2170 Billionaires Control $33 Trillion In Net Worth, Double The US GDP (ZeroHedge, Nov 23, 2013): Before it became a conspiracy fact, the traditional response to all suggestions of a massive Libor/FX/commodity/mortgage rigging cartel was a simple if stupid one: too many people are involved and so it can never be contained. [...] continue reading world news

JPMorgan Gave $75,000 A Month To Chinese PM’s Kid (Video)

YouTube Added: Nov 21, 2013 Description: JPMorgan Chase has made many headlines recently. There’s a new investigation underway regarding the bank’s practice of giving lots of money to the kids of rich people abroad in order to gain influence illegally. They just topped the Financial Stability Board’s “Too big to fail” list. They just reached [...] continue reading world news

World Famous Blogger ‘Mish’ (Mike Shedlock) Fined 8,000 Euros By France For Freedom Of Speech

- Blogger “Mish” is Fined 8,000 Euros by France for Freedom of Speech (Liberty Blitzkrieg, Nov 20, 2013): Well if this isn’t one of the more ridiculous things I have read in a while, I don’t know what is. Many of my readers are probably familiar with Mike “Mish” Shedlock, who writes a very popular [...] continue reading world news

The ‘Obamacare Shock’: One California Employer’s Terrifying True Story

- The “Obamacare Shock” – One California Employer’s Terrifying True Story (ZeroHedge, Nov 20, 2013): From a Zero Hedge reader: My company, based in California, employs 600. We used to insure about 250 of our employees. The rest opted out. The company paid 50% of their premiums for about $750,000/yr. Under obamacare, none can opt [...] continue reading world news

AND NOW: The October 2012 Pre-Election Jobs Report Was Faked

- The October 2012 Pre-Election Jobs Report Was Faked (ZeroHedge, Nov 19, 2013) continue reading world news

The Failure Of Abenomics In One Chart … And When Even The Japanese Press Admits “Easing Is Not Working, And It’s Going Nowhere”

- The Failure Of Abenomics In One Chart… And When Even The Japanese Press Admits “Easing Is Not Working, And It’s Going Nowhere” (ZeroHedge, Nov 18, 2013): Since late 2012 Zero Hedge has been very critical of Japan’s Abenomics experiment, and its first and only real arrow: a massive increase in the monetary base thanks [...] continue reading world news

Nation’s Largest Healthcare Provider Cuts Thousands Of Doctors; Blames U.S. Government

- Nation’s Largest Healthcare Provider Cuts Thousands Of Doctors; Blames Government (ZeroHedge, Nov 16, 2013): UnitedHealth, the nation’s largest provider of privately managed Medicare Advantage plans, has dropped thousands of doctors from its networks in recent weeks citing “substantial funding pressure from the federal government.” The WSJ reports that physician groups are protesting as many [...] continue reading world news

Timothy Geithner Heads To Private Equity Firm Warburg Pincus, Will Hold Titles Of President And Managing Director

- Timothy Geithner heads to private equity firm Warburg Pincus (Politico, Nov 16, 2013): Former Treasury Secretary Timothy Geithner, a trusted lieutenant to President Barack Obama who played a leading role in the government’s response to the financial crisis, will join private-equity firm Warburg Pincus LLC in March. On Saturday, the firm, which is headquartered [...] continue reading world news

How JPMorgan Bribed The Chinese Prime Minister’s Daughter Using A Fake Name

- How JP Morgan Bribed the Chinese Prime Minister’s Daughter Using a Fake Name (Liberty Blitzkrieg, Nov 14, 2013): Allegations of JP Morgan’s use of clever tactics to bribe Chinese officials recently received mainstream attention when Salon journalist Alex Pareene mentioned it in a comical and classic interview on CNBC (you need to watch the [...] continue reading world news

Obama’s Secret Treaty Which Will Merge America More Deeply Into The Emerging One World Economic System

Related info: - WikiLeaks Releases Draft Of Highly-Secretive Trans-Pacific Partnership Agreement (TPP) - “A Corporate Trojan Horse”: Obama Pushes Secretive TPP Trade Pact (‘NAFTA On Steroids’), Would Rewrite Swath of U.S. Laws - Obama’s Secret Treaty Which Will Merge America More Deeply Into The Emerging One World Economic System (Economic Collapse, Nov 13, 2013): Did [...] continue reading world news

Federal Reserve Whistleblower Tells The REAL Reason For Quantitative Easing

- Federal Reserve Whistleblower Tells America The REAL Reason For Quantitative Easing (Economic Collapse, Nov 12, 2013): A banker named Andrew Huszar that helped manage the Federal Reserve’s quantitative easing program during 2009 and 2010 is publicly apologizing for what he has done.  He says that quantitative easing has accomplished next to nothing for the [...] continue reading world news

Meet One Of The Victims Of Obama’s ‘Economic Recovery’

- Meet One Of The Victims Of Obama’s “Economic Recovery” (Economic Collapse, Nov 11, 2013): Have you ever cried yourself to sleep because you had no idea how you were going to pay the bills even though you were working as hard as you possibly could?  You are about to hear from a single mother [...] continue reading world news

The 0.01% Have Never Had It Better

- The 0.01% Have Never Had It Better (ZeroHedge, Nov 11, 2013): Over the years, as the WSJ notes, the only way inequality has really mattered to professional investors is ‘if the rich are getting richer, companies that cater to them have better prospects’. Lately, though, some big investors have worried increasing income and wealth [...] continue reading world news

Why Preppers Should Be THRILLED That The Stock Market Has Hit An All-Time High

- Why Preppers Should Be THRILLED That The Stock Market Has Hit An All-Time High (The American Dream, Nov 6, 2013): I am a prepper and I LOVE the fact that the stock market is at an all-time high.  In fact, I hope that it keeps going up for as long as possible.  Why?  Because [...] continue reading world news

The Chinese Can Now Buy Real Estate And The Dutch Can Order Food Online With Bitcoin

FYI. Related info: - Bitcoin Is Broken … At The Core Protocol Level - The Chinese Can Now Buy Real Estate and the Dutch Can Order Food Online with Bitcoin (Liberty Blitzkrieg, Nov 9, 2013): Understandably, pretty much all of the focus on Bitcoin as of late has been on price appreciation considering the extraordinary [...] continue reading world news

How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System

- How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System (Economic Collapse, Nov 8, 2013): The death of the dollar is coming, and it will probably be China that pulls the trigger.  What you are about to read is understood by only a very small fraction of all Americans.  [...] continue reading world news

Which America Do You Live In? – 21 Hard To Believe Facts About ‘Wealthy America’ And ‘Poor America’

- Which America Do You Live In? – 21 Hard To Believe Facts About “Wealthy America” And “Poor America” (Economic Collapse,Nov 6, 2013): Did you know that 40 percent of all American workers make less than $20,000 a year before taxes?  And 65 percent of all American workers make less than $40,000 a year before [...] continue reading world news

Hedgefond-Manager: Bundesbank Gold Is Gone … And Is Safely Stored In Accounts Of Investors In Hong Kong

And why does it take 7 years to repatriate 19 % of  Germany’s gold reserves? - Bundesbank to Repatriate 674 Tons of Gold to Germany by 2020 (Bloomberg, Jan 16, 2013): The Bundesbank will repatriate 674 metric tons of gold from vaults in Paris and New York by 2020 to restore public confidence in the [...] continue reading world news

Energy Prices: Manipulated – LIBOR: Manipulated – FX: Manipulated – Now Brent Crude: Manipulated – But Suggest Gold Is And You’re Branded A Whacko!

Energy Prices: Manipulated
LIBOR: Manipulated
FX: Manipulated
Now Brent Crude: Manipulated
But suggest gold is and you're branded a whacko! — Grant Williams (@ttmygh) November 6, 2013 Thing about #gold, when most are ready to buy there won't be any. "No one told you when to run / You missed the starting gun." #PinkFloyd — Jim Rickards (@JamesGRickards) November [...] continue reading world news

TEPCO, Reports Fat Profit … From Taxpayer Bailout Money

- Japan’s Most Hated Outfit, TEPCO, Reports Fat Profit (From Taxpayer Bailout Money) (Testosterone Pit, Oct 31, 2013): TEPCO, the utility that serves 29 million households and businesses in the Tokyo metropolitan area, and that owns the Fukushima nuclear power plant where three melted-down reactors are contaminating air, soil, groundwater, and seawater, an outfit famous for [...] continue reading world news

China’s Gold Hoarding Continues: Over 2,200 Tons Imported In Two Years

- China’s Gold Hoarding Continues: Over 2,200 Tons Imported In Two Years (ZeroHedge, Nov 2, 2013): Paper gold in the developed world may trade based on the whims of marginal momentum chasers, and of course, the daytrading mood of the BIS gold and FX trading desk, but when it comes to physical gold and China’s [...] continue reading world news

How The World Really Works: ‘FOUR HORSEMEN’ – Award Winning Documentary (Full Video)

YouTube Description: FOUR HORSEMEN is an award winning independent feature documentary which lifts the lid on how the world really works. As we will never return to ‘business as usual’ 23 international thinkers, government advisors and Wall Street money-men break their silence and explain how to establish a moral and just society. FOUR HORSEMEN is [...] continue reading world news

Gold Supplies In India Disappear Despite Continued Record Premiums

- Gold Supplies in India Disappear Despite Continued Record Premiums (Liberty Blitzkrieg, Oct 30, 2013): I first reported on record high gold premiums in India a couple of weeks ago. Since then, the story has become even more interesting as Reuters reports that gold supplies have completely dried up just ahead of major gold buying [...] continue reading world news

10 Signs Obamacare Is Going To Wreck The U.S. Economy

- 10 Signs That Obamacare Is Going To Wreck The U.S. Economy (Economic Collapse, Oct 29, 2013): It is hard to find the words to adequately describe how much of a disaster Obamacare is turning out to be.  The debut of Healthcare.gov has been probably the worst launch of a major website in history, millions [...] continue reading world news

Eike Batista’s OGX Files Bankruptcy: Largest Ever In Latin American History

- Batista’s OGX Files Bankruptcy: Largest Ever In Latin American History (ZeroHedge, Oct 30, 2013): In line with what we discussed last night, once cajillionaire Eike Batista’s net wealth has now collapsed to less than -$746.5 Million according to Bloomberg as Veja notes, his “take over the world” company OGX has declared bankruptcy following the [...] continue reading world news

The 10 U.S. Cities With Less Than Ten Days Of Cash On Hand

- The Ten US Cities With Less Than Ten Days Of Cash On Hand (Zerohedge, Oct 29, 2013): As the Detroit bankruptcy hearing heats up following news that the city’s unsecured creditors, among them pensioners, are set to recover pennies on the dollar, 16 to be precise, the question of which are the next cities [...] continue reading world news

29 Incredible Facts Which Prove That Poverty In America Is Absolutely Exploding

- 29 Incredible Facts Which Prove That Poverty In America Is Absolutely Exploding (Economic Collapse, Oct 27, 2013): Did you know that the number of Americans on welfare is higher than the number of Americans that have full-time jobs?  Did you know that 1.2 million public school students in the U.S. are currently homeless?  Anyone [...] continue reading world news

Iraq Veteran: Losing Home ‘Worse Than Getting Blown Up’

Mike Hutmacher | The Wichita Eagle Jerrod Hays of Wellington had nearly one half of his face blown away in Iraq when the armored Humvee he was riding in with three fellow soldiers got hit by explosions in an attack by the enemy, killing one and critically injuring the others in 2009. (Oct. 23, 2013) [...] continue reading world news

What Will It Take To Blow Up The Entire Japanese Banking System? (Not Much, According To The Bank of Japan)

Related info: - ‘Japan Has No Alternative But To Print And Print And Print’ (Chart Of The Day) - What Will It Take To Blow Up The Entire Japanese Banking System? (Not Much, According To The Bank of Japan) (Testosterone Pit, Oct 23, 2013): Hideo Hayakawa, former Bank of Japan chief economist and executive director, set [...] continue reading world news

25 Stats That Prove That The American Dream Is Being Systematically Destroyed

- 25 Stats That Prove That The American Dream Is Being Systematically Destroyed (The American Dream, Oct 24, 2013): The 25 statistics that you are about to read are solid proof that the middle class in America is being systematically wiped out.  Once upon a time, the United States had the largest and most prosperous [...] continue reading world news

The Biggest Scam In The History of Mankind (Infographic)

- Picturing The Biggest Scam In The History of Mankind (ZeroHedge, Oct 22, 2013): Last week Mike Maloney exposed the “biggest scam in the history of mankind” in 7 easy steps in his latest presentation. As Mike explains, most people can feel deep down that something isn’t quite right with the world economy, but few [...] continue reading world news

‘Japan Has No Alternative But To Print And Print And Print’ (Chart Of The Day)

- Chart Of The Day: “Japan Has No Alternative But To Print And Print And Print” (ZeroHedge, Oct 22, 2013) Today’s Chart of the Day comes by way of SocGen’s Albert Edwards who in one image shows why, with gross debt issuance needs between budget funding and rolling maturities at 60% of GDP, Japan has [...] continue reading world news

Marc Faber Blasts ‘We Are The Bubble … There Is No Exit Strategy’ (Video)

- Marc Faber Blasts “We Are The Bubble… There Is No Exit Strategy” (ZeroHedge, Oct 21, 2013): “The question is not ‘tapering’,” Marc Faber exclaims to his hosts on CNBC’s Squawk Box this morning, “the question is at what point will they increase the asset purchases to say $150 [billion] , $200 [billion], or a [...] continue reading world news

Is This Where McDonald’s Egg McMuffins Come From? (‘Mercy For Animals Canada’ – Video)

- Hidden camera alleges to show animal abuse at McDonald’s supplier (The Globe And Mail, Oct 21, 2013): Mercy for Animals Canada says hidden camera captured abusive treatment, cruel conditions for birds at Ku-Ku Farms and Creekside Grove Farms, which supplies chicks that lay eggs for McDonald’s Egg McMuffins. McDonald’s has not commented on the [...] continue reading world news

Ron Paul: ‘The Longer QE Lasts, The Worse It Will End’

- Ron Paul Knows “The Longer QE Lasts, The Worse It Will End” (ZeroHedge, Oct 19, 2013): In this exclusive interview with Birch Gold Group, former Congressman Ron Paul shares his opinions on a number of topics, including investing in physical gold and silver, the future of the U.S. dollar and the role of the [...] continue reading world news

UK Orders WSJ To Withold Names Of Implicated LIBOR Manipulators After Story Already Hits Wires

- UK Orders WSJ To Withold Names Of Implicated LIBOR Manipulators After Story Already Hits Wires (ZeroHedge, Oct 18, 2013): In what is a staggering example of not only state meddling in the affairs of the “free press”, but worse, sheer state idiocy, yesterday the WSJ posted an article on its website revealing that as [...] continue reading world news

China’s Largest Conglomerate Buys Building Housing JPMorgan’s Gold Vault (The World’s Largest Bank Vault)

- China’s Largest Conglomerate Buys Building Housing JPMorgan’s Gold Vault (ZeroHedge, Oct 18, 2013): In what is the most remarkable news of the day, which has so far passed very quietly under the radar, Fosun International, China’s largest private-owned conglomerate which invests in commodities, properties and pharmaceuticals also known as “Shanghai’s Hutchison Whampoa”, announced in [...] continue reading world news

Gold Celebrates America’s Three Month Can Kicking, Soars

- Gold Celebrates America’s Three Month Can Kicking, Soars (ZeroHedge, Oct 17, 2013): Remember that persistent seller of epic and oddly periodic amounts of gold futures contracts, whose dumps have resulted in two NYMEX “stop logic” shutdowns in the past month alone, and whose daily tape bombing is now watched carefully by all (even the [...] continue reading world news

Food Stamp Recipients Delivered One-Two Punch By Govt Shutdown, End To Stimulus Boost

See also: - Foodstamp Program Shutdown Imminent? USDA Letter Tells States Across The Country To Stop SNAP In November (Video) - Food stamp recipients delivered one-two punch by govt shutdown, end to stimulus boost (RT, Oct 16, 2013): The government shutdown and a looming sunset on a temporary funding boost from the 2009 stimulus make [...] continue reading world news

Prof. Michel Chossudovsky: Shutdown Of US Govt & ‘Debt Default’: Dress Rehearsal For Privatization Of Federal State System?

The U.S. Capitol looms in the background of a sign on the National Mall reminding visitors of the closures to all national parks due to the federal government shutdown in Washington October 3, 2013. (Reuters/Kevin Lamarque) Michel Chossudovsky is an award-winning author, professor of economics, founder and director of the Centre for Research on Globalization, [...] continue reading world news

How Much Longer Will The U.S. Dollar Be The Reserve Currency?

- How Much Longer Will the Dollar be the Reserve Currency? (Ludwig von Mises Institute, Oct 12, 2013): We use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts. For example, if Canada buys goods from China, it may pay China in [...] continue reading world news

U.S. May Join Germany Of 1933 In Pantheon Of Defaults (Bloomberg, Oct 14, 2013)

Failure by the world’s biggest economy to pay its debt in an interconnected, globalized world risks an array of devastating consequences that could lay waste to stock markets from Brazil to Zurich. - U.S. May Join Germany of 1933 in Pantheon of Defaults (Bloomberg, Oct 14, 2013): Reneging on its debt obligations would make the [...] continue reading world news

Red Cross Launches Emergency Food Aid Plan In The UK … First Time Since World War II

- Red Cross Launches Emergency Food Aid Plan in the UK – First Time Since World War II (Liberty Blitzkrieg, Oct 12, 2013): Welcome to the global recovery folks. A recovery that is so strong in the UK, the Red Cross has been called in to provide food aid for the first time since World [...] continue reading world news

U.S. Treasury ‘Firm Believers In Gold’, Will Not Sell Even To Avoid Default

- U.S. Treasury “Firm Believers In Gold”, Will Not Sell Even To Avoid Default (ZeroHedge, Oct 11, 2013) continue reading world news

Hedge Fund Manager Kyle Bass Warns: ‘There Is No Way To Protect Yourself If US Treasuries Default’ (Video)

Flashback: - Hedge Fund Manager Kyle Bass: Senior Obama Administration Official Said: ‘We’re Just Going To Kill The Dollar’ (Video) - Kyle Bass Warns “There Is No Way To Protect Yourself If US Treasuries Default” (ZeroHedge, Oct 9, 2013): “If the politicians lead us into a ‘prioritization of payments’ situation for Treasury Secretary Lew or [...] continue reading world news

How Brazil’s Middle Class Dream Became A Debt-Fuelled Nightmare

- How Brazil’s Middle Class Dream Became A Debt-Fuelled Nightmare (ZeroHedge, Oct 9, 2013): Quick: which BRIC nation has the highest consumer loan default rate? If you said China, India or Russia, you are wrong. Actually, if you said China you are probably right, but since absolutely all economic “data” in China is worthless, manipulated [...] continue reading world news

Former President Jimmy Carter: Middle Class Today Resembles Past’s Poor (Video)

- Carter: Middle class today resembles past’s poor (USA Today, Oct 7, 2013): OAKLAND, California (AP) — Former President Jimmy Carter said Monday that the income gap in the United States has increased to the point where members of the middle class resemble the Americans who lived in poverty when he occupied the White House. [...] continue reading world news

Hilarious Charts Of The Day: IMF’s ‘Growth Forecasts’ Over Time

- Hilarious Charts Of The Day: IMF’s “Growth Forecasts” Over Time (ZeroHedge, Oct 8, 2013): The chart below, showing the historical change in the IMF’s periodic revisions of world growth and revised for today’s just released latest World Economic Outlook, shows that much taxpayer money can be saved if the monetary fund’s staff was replaced [...] continue reading world news

Gold: The Real Change To Watch Out For

World’s biggest gold coin - The real change to watch out for (Sovereign Man, Oct 4, 2013): It takes a lot of courage to go against the crowd. Whether in investing, or acknowledging that your country is heading towards an epic fiscal crisis, it isn’t easy to stand alone… especially when everyone else is betting [...] continue reading world news

Jesse Ventura Returns To Presstitute Piers Morgan: Government Shutdown To JFK Conspiracy (Full Interview – Video)

YouTube Added: 01.10.2013 continue reading world news

U.S. Government Lies About Spying Again and Again … Here’s What’s REALLY Going On

- Government Lies About Spying Again and Again … Here’s What’s REALLY Going On (ZeroHedge, Oct 4, 2013): Government Officials Fail Honesty Standards of 12 Year Olds Government leaders have been caught in lie after lie about spying … but keep on spouting new lies: The heads of the intelligence services have repeatedly been caught [...] continue reading world news

Matt Taibbi On JPMorgan And The CNBC ‘Presstitutes’ (Video)

- Video of the Day: Interview with Matt Taibbi About JP Morgan and the CNBC “Presstitutes” (Liberty Blitzkrieg, Oct 2, 2013): The top definition of presstitute according to Urban Dictionary is: 1. presstitute A member of the media who will alter their story and reporting based on financial interests or other ties with usually partisan [...] continue reading world news

World Bank Whistleblower Reveals How The Global Elite Rule The World (Video)

Karen Hudes: We’re Running Out of Time! We’re Dealing with Whether We Can Continue as Humanity YouTube - World Bank Whistleblower Karen Hudes Reveals How The Global Elite Rule The World (Economic Collapse, Sep 30, 2013): Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World [...] continue reading world news

We Are 90 Days Away From The Total Loss Of US Sovereignty

- We Are 90 Days Away from the Total Loss of US Sovereignty (Activist Post, Oct 1, 2013): As America races toward her date with destiny, there is yet another “fundamentally transforming” event coming her way and that event is known as the Trans-Pacific Partnership (TPP). Many of us in the alternative media believe that [...] continue reading world news

Next ‘Subprime Crisis’ Expands As Student Loan Defaults Hit $146 Billion, Highest Default Rate Level Since 1995

- Next “Subprime Crisis” Expands As Student Loan Defaults Hit $146 Billion, Highest Default Rate Level Since 1995 (ZeroHedge, Oct 1, 2013): Almost exactly one year ago we wrote “The Next Subprime Crisis Is Here: Over $120 Billion In Federal Student Loans In Default” in which we took the latest (2009 three year cohort) loan [...] continue reading world news

Fortune 500 Companies Stealing Billions From Small Businesses (Video)

YouTube Added: 28.09.2013 continue reading world news

Banking Holiday in Panama Announced!

- Banking Holiday in Panama Announced! (GoldSeek, Sep 26, 2013): This morning the National Bank of Panama announced that it was suspending all services until Tuesday the 1st of October. The National Bank of Panama says that the reason is to upgrade systems. The Banking Holiday in Panama was announced this am. This system wide [...] continue reading world news

‘A Scam Of Unmatchable Balls And Cruelty’ – Matt Taibbi On Wall Street’s ‘Triple-Fucking Of Ordinary People’

- “A Scam Of Unmatchable Balls And Cruelty” – Matt Taibbi On Wall Street’s “Triple-Fucking Of Ordinary People” (ZeroHedge, Sep 27, 2013): What can one say: vintage Matt Taibbi. From Rolling Stone Looting the Pension Funds All across America, Wall Street is grabbing money meant for public workers In the final months of 2011, almost [...] continue reading world news

When Bubbles Fail: Albert Edwards Explains What Happens When The Fed Can No Longer Contain The Fury Of The ’99%

- When Bubbles Fail: Albert Edwards Explains What Happens When The Fed Can No Longer Contain The Fury Of The “99%” (ZeroHedge, Sep 27, 2013): The premise in Albert Edwards’ latest letter “Is the Fed blowing bubbles to cover up growing inequality… again” is simple: the unprecedented social inequality in the US (and the rest [...] continue reading world news

How Dianne Feinstein’s Husband Sells Post Office Real Estate To His Friends On The Cheap

- How Dianne Feinstein’s Husband Sells Post Office Real Estate to His Friends on the Cheap (Liberty Blitzkrieg, Sep 25, 2013): The county records allow for comparing the assessed value of the postal properties before they were sold to the final sales prices negotiated by CBRE on behalf of the Postal Service: And the comparisons reveal [...] continue reading world news

Louis Vuitton Adjusts Business Model To Focus On The Oligarch Market

- Louis Vuitton Adjusts Business Model to Focus on the Oligarch Market (Liberty Blitzkrieg, Sep 26, 2013): You know you have entered Neo-Fedualism when high-end luxury retailers are struggling because there are no longer enough regular wealthy buyers anymore. As regular readers of this blog understand, this is due to the fact that central bankers [...] continue reading world news

Robots May Revolutionize China’s Electronics Manufacturing

- Robots May Revolutionize China’s Electronics Manufacturing (Wall Street Journal, Sep 24, 2013): A new worker’s revolution is rising in China and it doesn’t involve humans. With soaring wages and an aging population, electronics factory managers say the day is approaching when robotic workers will replace people on the Chinese factory floor. A new wave [...] continue reading world news

The Credit Bubble Is Not Only Back, It Is 94% Bigger Than In 2007

- The Credit Bubble Is Not Only Back, It Is 94% Bigger Than In 2007 (ZeroHedge, Sep 23, 2013): If the Fed was worried about ‘froth’ in the markets earlier in the year, then this chart should have them panicking. Of course, as Jim Bullard noted Friday, there is no bubble because everyone knows there [...] continue reading world news

Quantitative Easing Worked For The Weimar Republic For A Little While Too

- Quantitative Easing Worked For The Weimar Republic For A Little While Too (Economic Collapse, Sep 22, 2013): There is a reason why every fiat currency in the history of the world has eventually failed.  At some point, those issuing fiat currencies always find themselves giving in to the temptation to wildly print more money.  [...] continue reading world news

BlackBerry Investors Seeing Red Following Early Announcement Of 50% Revenue Miss (Stock Re-Opens -25%)

- BlackBerry Investors Seeing Red Following Early Announcement Of 50% Revenue Miss (Stock Re-Opens -25%) (ZeroHedge, Sep 20, 2013): UPDATE: BBRY opens and trades down to $8.06 – all-time lows -21% So much for the 8 analysts who have “Buys”… Having risen phoenix-like off the lows in July, it seems Blackberry is echoing the Eastman [...] continue reading world news

Sen. Bernie Sanders Passionately Decries The American Oligarchy On The Senate Floor (Video)

- Bernie Sanders Passionately Decries the American Oligarchy on the Senate Floor (Liberty, Blitzkrieg, Sep 20, 2013): Senator Bernie Sanders of Vermont is the longest serving Independent member of Congress in American history. While I certainly don’t agree with him on everything, I have always respected his willingness to call out the Federal Reserve for [...] continue reading world news

Too Big To Fail Is Now Bigger Than Ever Before

- Too Big To Fail Is Now Bigger Than Ever Before (Economic Collapse, Sep 20, 2013): The too big to fail banks are now much, much larger than they were the last time they caused so much trouble.  The six largest banks in the United States have gotten 37 percent larger over the past five [...] continue reading world news

‘The Biggest Redistribution Of Wealth From The Poor To The Rich Ever’ (Video)

- Stanley Freeman Druckenmiller (Wikipedia): Stanley Freeman Druckenmiller (born June 14, 1953) is an American hedge fund manager, he is the former Chairman and President of Duquesne Capital, which he founded in 1981. He closed the fund in August 2010 because he felt unable to deliver high returns to his clients.  At the time of [...] continue reading world news

U.S. Government Confiscates Midtown Manhattan Skyscraper, One Time Ivan Boesky HQ, From Iran

- US Government Confiscates Midtown Manhattan Skyscraper, One Time Ivan Boesky HQ, From Iran (ZeroHedge, Sep 18, 2013): A week ago when we presented the missing link in the “all cash” housing recovery, namely laundered, embezzled or simply stolen off-shore sourced cash parked in the US real estate market which takes advantage of the NAR’s [...] continue reading world news

The Percentage Of Americans That Consider Themselves To Be ‘Lower Class’ Is At An All-Time High

- The Percentage Of Americans That Consider Themselves To Be “Lower Class” Is At An All-Time High (Economic Collapse, Sep 16, 2013): Do you consider yourself to be “lower class”?  Most Americans wouldn’t dream of thinking that way.  Even at the toughest times of my own life, I always considered myself to be “middle class”.  [...] continue reading world news

Ben Bernanke Tet To Begin Fed’s Tapering Of QE

What recovery? - Bernanke set to begin Fed’s tapering of QE – but is the US economy ready? (Guardian Sep. 15, 2013): After years of the Fed pumping $85bn a month into financial markets, the strength of the American recovery will be tested As Barack Obama gears up to announce Ben Bernanke’s successor, the Federal [...] continue reading world news

25 Fast Facts About The Federal Reserve – Please Share With Everyone You Know

- 25 Fast Facts About The Federal Reserve – Please Share With Everyone You Know (Economic Collapse, Sep 15, 2013): As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of [...] continue reading world news

Five Years After Lehman, BIS Ex-Chief Economist Warns ‘It’s Worse This Time’

- Five Years After Lehman, BIS Ex-Chief Economist Warns “It’s Worse This Time” (ZeroHedge, Sep 15, 2013): The froth is back. As we noted yesterday, corporate leverage has never been higher – higher now than when the Fed warned of froth, and as the BIS (following their “party’s over” rant 3 months ago) former chief [...] continue reading world news

Five Years Later: 18 Dollars Of Debt For Every Dollar Of GDP; Total G7 Debt/GDP: 440%

- Five Years Later: 18 Dollars Of Debt For Every Dollar Of GDP; Total G7 Debt/GDP: 440% (ZeroHedge, Sep 12, 2013): With everyone focused on the 5th anniversary of the Lehman failure, we are taking a quick look at how the world’s developed (G7) nations have fared since 2008, and just what the cost to [...] continue reading world news

8 Reasons Why The New World Order Hates Syria

- Why the US, UK, EU & Israel hate Syria (RT, by political analyst Adrian Salbuchi, Sep 9, 2013): A young, soft-spoken girl living the Syrian tragedy spells it out with far more common sense, truth and honesty than powerful Western governments and their money-controlled mass media puppets. Identifying herself only as “Syrian, Patriot, anti-Neocon, [...] continue reading world news

Prepare For Tough Times If Your Job Has Anything To Do With Real Estate Or Mortgages

- Prepare For Tough Times If Your Job Has Anything To Do With Real Estate Or Mortgages (Economic Collapse, Sep 11, 2013): If you have a job that involves building homes, buying homes, selling homes or that is in any way related to the mortgage industry, you might want to start searching for alternate employment.  [...] continue reading world news

How Big Banks Can Steal Your Home From You Even If Your Mortgage Is Totally Paid Off

- How Big Banks Can Steal Your Home From You Even If Your Mortgage Is Totally Paid Off (Economic Collapse, Sep 10, 2013): Did you know that the big banks have a way to legally steal your house from you even if you don’t owe a single penny on your mortgage?  Big banks and hedge [...] continue reading world news

JPMorgan Closes Precious Metals Sell Recommendation, Goes ‘Tactically Overweight’ Commodities

JPMorgan certainly wants to slaughter some more muppets … - JPMorgan Closes Precious Metals Sell Recommendation, Goes “Tactically Overweight” Commodities (ZeroHedge, Sep 8,  2013): One of the most underreported sentiment shifts of the past week was JPM’s announcement late on Friday, that the firm quietly went long commodities – specifically base metals and copper (in [...] continue reading world news

Households On Foodstamps Rise To New Record High: More Americans Live In Poverty Than The Population Of Spain

- Households On Foodstamps Rise To New Record High: More Americans Live In Poverty Than The Population Of Spain (ZeroHedge Sep 8, 2013) continue reading world news

Tokyo To Host 2020 Summer Olympics … And Here’s Why This Is Complete Madness

Related info: - Japan Government To Spend Almost $500 MILLION In Attempt To Contain Fukushima Leaks: The decision is widely seen as a safety appeal just days before the International Olympic Committee chooses between Tokyo, Istanbul and Madrid on which city will host the 2020 Olympics. - Tokyo To Host 2020 Summer Olympics (ZeroHedge, Sep [...] continue reading world news

As Syria Distracts, Here’s What Else Is Happening While No One Is Looking …

- As Syria distracts, here’s what else is happening while no one is looking… (Sovereign Man, Aug 29, 2013): By Simon Black As everyone is now completely distracted with the looming prospect of yet another illegal war to be waged by the 2009 Nobel Peace Prize recipient, let’s look at a few other things going [...] continue reading world news

Spain: Youth Unemployment Reaches Record 56.1%

The worst is over??? This (total) collapse has really only just begun. - Spain youth unemployment reaches record 56.1% (Guardian, Aug 30, 2013): Number of young Spaniards belonging to ‘lost generation’ is up 2% since June, despite government claims that the worst is over Youth unemployment in Spain has reached a new high of 56.1%, [...] continue reading world news

What To Expect During The Next Stage Of Collapse

- What To Expect During The Next Stage Of Collapse (Alt-Market, Aug 29, 2013): For years now at Alt-Market (and Neithercorp.us) I have carefully outlined the most likely path of collapse to take place within the U.S., and a vital part of that analysis included economic destabilization caused by a loss of the dollar’s world [...] continue reading world news

U.N. Report: China Urban Migrants’ Cost Seen At Least $6.8 TRILLION

- China Urban Migrants’ Cost Seen at Least $6.8 Trillion: Economy (Bloomberg,Aug 28, 2013): China must spend at least 41.6 trillion yuan ($6.8 trillion) over two decades to integrate rural workers living in cities and towns so the country realizes benefits of urbanization, a United Nations report said. Spending may exceed 75 trillion yuan in [...] continue reading world news

First Ever High Frequency Trading Transaction Tax Introduced In Italy

- First Ever High Frequency Trading Transaction Tax Introduced In Italy (ZeroHedge, Sep 2, 2013): Nearly four years after Zero Hedge first suggested an HFT tax should punish algos that “churned” quotes and blasted empty bids and offers to stimulate “momentum ignition” strategies, and generally corrupt market structure in a way that lead to both [...] continue reading world news

Jim Rogers: US & Syria War, Printing Money = MARKET COLLAPSE! Be Prepared! (Video)

YouTube Added: 31.08.2013 continue reading world news

Russia Restructures Cyprus Debt; Cyprus Prohibits US Military Strikes On Syria

- Russia Restructures Cyprus Debt; Cyprus Prohibits US Strikes On Syria (ZeroHedge, Aug 31, 2013): Yesterday afternoon, Russia agreed to restructure Cyprus’ EUR 2.5 billion loan terms to a much more affordable 2.5% semi-annual coupon through 2016 and a principal re-payment over the following four years. While probably still out of reach for the desparate [...] continue reading world news

Federal Reserve Owns 31.89% Of The U.S. Treasury Market: Up 0.3% In One Week!

Tick Tock… Tick Tock… Tick Tock… Chart: Stone McCarthy - The Fed Owns 31.89% Of The Bond Market: Up 0.3% In One Week (ZeroHedge, Aug 30, 2013): We have beaten this topic to death so we won’t say much more, suffice to say the chart below shows what is the key issue: too much monetization [...] continue reading world news

Young Teachers Are Now So Broke They Are Taking 2nd Jobs … As Prostitutes

- Across America, Young Teachers are So Broke They are Taking 2nd Jobs…As Prostitutes (Liberty Blitzkrieg, Aug 28, 2013): I suppose they should’ve just bought stocks. Welcome to the recovery. From CBS in Detroit: So, what are some Detroit women doing to offset their struggles in the classroom? Well, they’re becoming “sugar babies” of course [...] continue reading world news

“Hello Scotia Mocatta, It’s JPMorgan … Yes, Again … We Need More Gold”

- “Hello Scotia Mocatta, It’s JPMorgan… Yes, Again… We Need More Gold” (ZeroHedge, Aug 23, 2013) continue reading world news

They Actually Expect Us To Have Faith In These Financial Markets After This Week?

- They Actually Expect Us To Have Faith In These Financial Markets After This Week? (Economic Collapse, Aug 22, 2013) continue reading world news

With Fed Holding 31.6% Of All Treasurys, The ‘Short Gamma’ Pain Trade Is The One To Watch

- With Fed Holding 31.6% Of All Treasurys, The “Short Gamma” Pain Trade Is The One To Watch (ZeroHedge, Aug 24, 2013) continue reading world news

Your Bank Savings Will Be Raided – U.S. Government Prepares For Civil War – Fascism Has Come To America – Bee Collapse = Food Collapse (Video)

We are all terrorists now! YouTube Added: 25.08.2013 continue reading world news

Hedge funds, insider traders begin dumping Monsanto stock as reality of GMOs sinks in across Wall Street

- Hedge funds, insider traders begin dumping Monsanto stock as reality of GMOs sinks in across Wall Street (Natural News, Aug 23, 2013)   continue reading world news

Nasdaq Market Paralyzed By Shutdown

- Nasdaq market paralyzed by three-hour shutdown (Reuters, Aug 22, 2013): Trading in thousands of U.S. stocks ground to a halt for much of Thursday after an unexplained technological problem shut down trading in Nasdaq securities, the latest prominent disruption in U.S. markets. Nasdaq resumed trading at around 3:25 p.m. EDT (1925 GMT), after a [...] continue reading world news

The Minimum Wage Scam

- How low can you get: The minimum wage scam (PressTV, Aug 22, 2013): You’d think the exceptionally low minimum-wage – $7.25 an hour – would be the shame of a country like the United States that prides itself on its economic leadership. Half of minimum-wage jobs are held by adults over 25 years old, [...] continue reading world news

Dramatic Growth Of Extreme Poverty: Number Of Americans Living On Less Than $2 A Day Increased From 636,000 In 1996 To 1.65 MILLION In 2011

The number of people living on less than $2 a day per person increased from 636,000 in 1996 to about 1.65 million in 2011. - Drastic growth in extreme poverty in US (PressTV, Aug 20, 2013): The number of Americans living on less than $2 a day per person, soared by 160 percent from 1996 [...] continue reading world news

Bitcoin Is Recognized As ‘Legal Tender’ In Germany

- Bitcoin is Recognized as “Legal Tender” in Germany (Liberty Blitzkrieg, Aug 19, 2013): “We should have competition in the production of money. I have long been a proponent of Friedrich August von Hayek scheme to denationalize money. Bitcoins are a first step in this direction.” - Frank Schaeffler, member of German parliament’s Finance Committee The story [...] continue reading world news

Obamacare Strikes At Forever 21 Which Forcibly Demotes Some Workers To 29.5 Hours Per Week

- Obamacare Strikes At Forever 21 Which Forcibly Demotes Some Workers To 29.5 Hours Per Week (ZeroHedge, Aug 19, 2013): A firestorm broke out during the weekend over the latest part-timing impact from Obamacare (covered here extensively previously), this time in the form of a leaked memo by retailer Forever 21, which announced that some [...] continue reading world news

The Total Destruction Of America’s Middle Class … In Under Seven Minutes (Video)

FYI. - The Destruction Of America’s Middle Class (In Under Seven Minutes) (ZeroHedge, Aug 18, 2013): While hardly news to frequent visitors, especially those who recall the following list, anyone who needs a 7 minute refresher into why the US middle class is on collision course with extinction is urged to watch the following brief [...] continue reading world news

Gold Or Tungsten? Here’s How To Know

- Gold Or Tungsten? Here’s How To Know (ZeroHedge, Aug 16, 2013): We hope the Bundesbank, and certainly the German people, will be using one of these in the near-term (up to and including 2020 ) future. … continue reading world news

If This Guy Is What The Future Of America Looks Like, We Are In BIG Trouble

FYI. - If This Guy Is What The Future Of America Looks Like, We Are In BIG Trouble (Economic Collapse, Aug 14, 2013): Should taxpayer dollars be used to buy sushi and lobster for a young man whose future plans consist entirely of surfing and partying as much as he possibly can?  When I first [...] continue reading world news

Where The Fed’s Excess Reserves Are Going: 51% Foreign Banks; 49% Domestic

- Where The Fed’s Excess Reserves Are Going: 51% Foreign Banks; 49% Domestic (ZeroHedge, Aug 11, 2013) continue reading world news

Forget Student Loans … Introducing Day Care Loans

- Forget Student Loans…Introducing Day Care Loans (Liberty Blitzkrieg, Aug 12, 2013): Now that enough college age Americans have been stuffed with over a trillion dollars in student debt only to get a job a McDonalds and live with their parents, folks in New York City have come up with a brilliant new concept to [...] continue reading world news

Eurozone Funding Shortfall Rises To Over $4 Trillion, Increases By More Than $500 Billion In A Year

- Eurozone Funding Shortfall Rises To Over $4 Trillion, Increases By More Than $500 Billion In A Year (ZeroHedge, Aug 11, 2013): Back in April 2012, Zero Hedge pointed out something rather disturbing for the European banking sector and defenders of the European monetary myth: the “aggregate shortfall of required stable funding Is €2.78 trillion” [...] continue reading world news

New Company Allows Organizations To Hire Fake Protesters

When a reporter asked a paid protester in the above image what this protest was for- he told the reporter, “It’s a day to ban guns, I think.” -The Event was actually for a new movement called “Purge Day” dealing with mental illness. - New Company Allows Organizations To Hire Fake Protesters (Benn Swan Full [...] continue reading world news

Is China Doomed?

- Is China Doomed? (The National Interest, Aug 9, 2013): Between 1978, the year Deng Xiaoping’s sweeping economic reforms were launched, and 2011, China’s GDP increased by an average of 10 percent annually, three times that of the global economy. Now the boom times may be over. By mid-2013, economic growth had slowed to 7.7 [...] continue reading world news

A Quadrillion Yen And Counting – The Japanese Debt Bomb Could Set Off Global Panic At Any Moment

- A Quadrillion Yen And Counting – The Japanese Debt Bomb Could Set Off Global Panic At Any Moment (Economic Collapse, Aug 9, 2013): How much is 1,000,000,000,000,000 yen worth?  Well, a quadrillion yen is worth approximately 10.5 trillion dollars.  It is an amount of money that is larger than the “the economies of Germany, [...] continue reading world news

DOOMED: Japan Enters The Keynesian Twilight Zone As Total Debt Crosses ¥1,000,000,000,000,000.00.

- Japan Enters The Keynesian Twilight Zone As Total Debt Crosses ¥1,000,000,000,000,000.00. (ZeroHedge, Aug 9, 2013): Back in May 2011, together with forecasting Japan’s most epic case of quantitative easing ever unleashed, we presented the absurd, if inevitable, thought experiment of a country that would soon cross into the twilight zone of total sovereign debt [...] continue reading world news

The Rise Of The Bear: 18 Signs That Russia Is Rapidly Catching Up To The United States

- The Rise Of The Bear: 18 Signs That Russia Is Rapidly Catching Up To The United States (Economic Collapse, Aug 7, 2013): The Russian Bear is stronger and more powerful than it has ever been before.  Sadly, most Americans don’t understand this.  They still think of Russia as an “ex-superpower” that was rendered almost [...] continue reading world news

AND NOW: Shinzo Abe Sanctions Government Funding To ‘Freeze’ Fukushima With Giant Ice Wall

You can’t make this stuff up! - Abe Sanctions Government Funding To “Freeze” Fukushima With Giant Ice Wall (ZeroHedge, Aug 7, 2013): Ripped from the pages of Marvel Comics, Japanese Anime, or Game of Thrones; the latest cunning solution to what the Japanese admit is an ongoing emergency in Fukushima is, well, creative… Now that [...] continue reading world news

China’s Slow Economy Forces College Grads To Live In Illegal ‘ANT COLONIES’ (CBS Video)

- China’s slow economy forces college grads to live in “ant colonies” (CBS News, July 11, 2013): (CBS News) BEIJING — Twenty-one-year-old Yang Le thought finding a job would be the toughest part about moving to Beijing. He was wrong. His $600 monthly salary left him $150 for rent, not enough to afford a room [...] continue reading world news

Greece: Uncollected Taxes Rise To Record €60 BILLION, One Third Of Greek GDP

- Uncollected Greek Taxes Rise To Record €60 Billion, One Third Of Greek GDP (ZeroHedge, Aug 5, 2013): While Europe, and especially Germany has been understandably “displeased” with having to provide billions in bailout upon bailout funding to Greece every year starting in 2010, all the more so following recent news that Greece has already [...] continue reading world news

‘Recovery’: Record 21 Million ‘Young Adults’ Now Live With Their Parents

- Record 21 Million ‘Young Adults’ Now Live With Their Parents (ZeroHedge, Aug 2, 2013): Just about a year ago we questioned the “demographic demand” thesis for why the US housing ‘recovery’ would become self-sustaining and lead to yet another fiscal and monetary ‘nirvana’. However, while the ‘household formation’ meme remains front-and-center among bloviating Fed [...] continue reading world news

America: Where Hard Working, Productive Members Of Society Pay For The Health Care Of Everyone Else

- America: Where Hard Working, Productive Members Of Society Pay For The Health Care Of Everyone Else (Economic Collapse, Aug 4, 2013): Everybody in America wants health care – but most Americans seem to want someone else to pay for it.  In the United States today, the way that our system works is that the [...] continue reading world news

U.S. Beef Supply At 21-Year Low: Get Ready To Pay Up

- Beef Supply at 21-Year Low: Get Ready to Pay Up (Liberty Blitzkrieg, Aug 2, 2013): I don’t follow the commodity markets as closely as I used to, but the following article related to beef prices really caught my eye. Last year’s drought and consequent spike in grain prices led to negative margins for cattle [...] continue reading world news

The Most Important Number In The Entire U.S. Economy

- The Most Important Number In The Entire U.S. Economy (Economic Collapse, Aug 1, 2013): There is one vitally important number that everyone needs to be watching right now, and it doesn’t have anything to do with unemployment, inflation or housing.  If this number gets too high, it will collapse the entire U.S. financial system.  [...] continue reading world news

The American Homeownership Dream Is Officially Dead

- US Rents Hit Record Highs As Homeownership Plunges To 18 Year Lows (ZeroHedge, July 30, 2013): The American Homeownership Dream is officially dead. Long live the New Normal American Dream: Renting. … continue reading world news

Bank Of England Helped Reichsbank Sell Its Nazi Gold

- Bank Of England Helped Reichsbank Sell Its Nazi Gold (ZeroHedge, July 30, 2013): We previously showed hard evidence of the Bank of England’s complicit hiding of the truth about the quality of Bundesbank gold stored in the Fed’s vaults. A few weeks later in a “completely unrelated” action, the Bundesbank dramatically shifted its recent [...] continue reading world news

AND NOW: U.S. Government ‘Rewrites’ 84 Years Of Economic History This Week

- The Government “Revises” 84 Years Of Economic History This Week (ZeroHedge, July 29, 2013): Don’t like how high debt-to-GDP figures are? Revise ‘em. Unhappy at the post-’recovery’ growth rates? Revise ‘em. Disappointed at the pace of economic improvement in the last decade or two compared to the rest of the world? Revise ‘em. This [...] continue reading world news

DHS Prepares For Second American Revolution & Total Collapse (Video)

YouTube Added: 26.07.2013 Flashback: - DHS Insider Update … Looks Like “It’s About To Get Very Ugly” … Very Soon!!! continue reading world news

The Full Layout Of Modern Shadow Banking

- The Full Layout Of Modern Shadow Banking (ZeroHedge, July 28, 2013): Following up on yesterday’s essay comparing Walter Bagehot to a modern-day shadow banker, we have received numerous requests for more information on this fundamentally critical  financial topic. So without further ado, we present a full and unabridged map of the modern shadow banking [...] continue reading world news

Halliburton Admits It Destroyed Gulf Spill Evidence, … Pays 0.0007% Of Revenue Fine

FLASHBACK: - US Presidential Panel: Halliburton Knew Cement Mixed For BP Blowout Well Was Unstable - Gulf of Mexico Oil Spill: The Halliburton Connection: The company acknowledged Friday that it had completed the final cementing of the oil well and pipe just 20 hours before the blowout last week. And don’t forget this fact (!!!): [...] continue reading world news

How Does America’s Middle Class Rank Globally? We’re Number 27!

- How Does America’s Middle Class Rank Globally? #27 (Liberty Blitzkrieg, July 23, 2013): We are number 1 right? USA! USA! No one can beat our wealth creation machine, our economic dynamism, our level playing field and our bastions of higher education. We have a middle class that is the envy of the world, right? [...] continue reading world news

Former Award Winning ‘Spiegel’ Journalist On ‘Inner Press Freedom’ And Censorship (Video In German)

For my German speaking readers. YouTube Added: 10.07.2013 Related article: - Germany undervalues journalism, union chief says (Deutsche Welle, Jan 12, 2011): China, Zimbabwe and Iran all come to mind in discussions about press freedom – not Germany. But Michael Konken, chairman of journalists’ union DJV explains why journalism in Germany is endangered. … continue reading world news

Presenting The World’s Tallest Skyscraper, … Whose Construction Was Just Halted

- Presenting The World’s Tallest Skyscraper, Whose Construction Was Just Halted (ZeroHedge, July 23, 2013) continue reading world news

AND NOW: Cyprus Jailing People For Debt!!!

- H/t reader M.G.: “Adding to this mess, here is a story from Cyprus. They are jailing people for debt. Didn’t the 19th century teach these clowns anything? How can people pay if they are in jail? Here is the link. Insane.” You can’t make this stuff up! - Rise in debtors adds to prison [...] continue reading world news

Gold Backwardation Goes Mainstream … Reuters: ‘Run For Your Gold, There Is Not Enough For All’

From the article: “That’s why a fall or rise in gold prices is not so relevant anymore. The monetary ‘fire alarm’ message, courtesy of the relationship between spot and futures prices, is run for your gold, there is not enough for all.” - Gold Backwardation (GOFO) Goes Mainstream (Liberty Blitzkrieg, July 21, 2013): Back on [...] continue reading world news

The Crash Of 1929 (Full Documentary)

YouTube continue reading world news

40 Stats That Prove The U.S. Economy Has Already Been Collapsing Over The Past Decade

- 40 Stats That Prove The U.S. Economy Has Already Been Collapsing Over The Past Decade (Economic Collapse, July 17, 2013): The “coming economic collapse” has already been happening.  You see, the truth is that the economic collapse is not a single event.  It has already started, it is happening right now, and it will [...] continue reading world news

ROFL: Q. ‘Are You Printing Money?’ Bernanke: ‘Not Literally’

- Q. “Are You Printing Money?” A. “Not Literally” (ZeroHedge, July 17, 2013): The following brief exchange between a congressman and Ben Bernanke pretty much wins today’s Humphrey Hawkins farce. Q: Are You Printing Money? Bernanke: Not Literally And a FTW follow up from the Chairman: If the Fed were to tighten policy, the economy [...] continue reading world news

Following 45% Collapse, Mortgage Applications Are Back To 2011 Lows

See also: - The One Chart That Proves We’re Not … And Never Have Been … In A ‘Recovery’ - Following 45% Collapse, Mortgage Applications Are Back To 2011 Lows (ZeroHedge, July 17, 2013): For the 9th week of the last 10 mortgage applications fell (led by refis – down 55% from their peak). Now [...] continue reading world news

India Will Make All Payments For Iran Crude In Rupees (Video)

YouTube Added: 14.07.2013 Description: India is to settle its 1.53 billion dollars dues with Iran in Rupees. From now on, all the trade will only be done in Indian currency. Until February, 45 percent of the Indian oil import payments were made in Euros, with the money going through Turkish Halkbank. Since then Indian crude [...] continue reading world news

Gold is a Crap Investment – Unless …

From the article: “Gold is the absolute best and only bet against currency collapse—which is coming, courtesy of central bank irresponsibility.” PHYSICAL gold and silver are the absolute best and only bet against the greatest financial/economic collapse in known world history that is well on its way. Food, water, a (self-sufficient, fully equipped) remote farm [...] continue reading world news

Everyone Knows That The Federal Reserve Banks Are PRIVATE … Except The American People

- Everyone Knows that the Federal Reserve Banks Are PRIVATE … Except the American People (ZeroHedge, July 13, 2013) continue reading world news

Inflation Is Too Low? Are You Kidding Us Bernanke?

- Inflation Is Too Low? Are You Kidding Us Bernanke? (Economic Collapse, July 11, 2013): Federal Reserve Chairman Ben Bernanke said this week that inflation in the United States needs to be higher.  Yes, he actually came right out and said that.  It almost seems as if Bernanke is trying to purposely hurt the middle [...] continue reading world news

US Banks As Broken As Ever: JPM Excess Deposits Rise To New Record; Loans At Pre-Lehman Levels

- US Banks As Broken As Ever: JPM Excess Deposits Rise To New Record; Loans At Pre-Lehman Levels (ZeroHedge, July 12, 2013): The final item of note from today’s JPM release is perhaps also the most important one, and once again serves as evidence of all that is broken with the US financial system. To [...] continue reading world news

China Warns Of Grim Trade Outlook After ‘Surprise’ 3.1% Fall In Exports

H/t reader M.G.: “China just released a very grim forecast according to the UK Guardian. Their lies are catching up with them. They were claiming to be exporting far more than they were, they got caught. Now, drops in exports to the USA over 5%, to the Eurozone, even bigger drop.” Related article: - Whistleblower [...] continue reading world news

NYSE Body To Run Libor

H/t reader M.G.: “Here is another story, it’s irony won’t be lost on you. Talk about feeding the chicken house to the wolves………..the corruption is so deep, so complete, we don’t have a prayer.” - NYSE body to run Libor as City attempts to put scandal behind it (Guardian, July 9, 2013): Move follows decision [...] continue reading world news

America’s Second Largest Employer Is … A Temp Agency

- Meet America’s Second Largest Employer: A Temp Agency (ZeroHedge, July 9, 2013): Despite the mainstream media’s inability to see things as they are – as opposed to how they hope them to be for fear of exposing the status quo for the illusion that it really is – the subject of ‘job quality’ in [...] continue reading world news

Greece Calls Europe’s Bluff Again, … Gets More Money

- Greece Calls Europe’s Bluff Again, Gets More Money (ZeroHedge, July 8, 2013): Five days ago the latest episode of the endless “Europe pays Greece to pay Europe” charade played out when the Eurozone gave Greece its latest three-day “ultimatum” to fix itself or else. Obviously, Greece did not fix itself, but since the three [...] continue reading world news

The One Chart That Proves We’re Not … And Never Have Been … In A ‘Recovery’

- The One Chart That Proves We’re Not in a “Recovery” (ZeroHedge, July 8, 2013): The US economy continues to fall to pieces, though accounting gimmicks make our employment numbers look better than reality. Most of the new “jobs” being created are part-time, not full time positions. Indeed, we’ve added over 500,000 part-time jobs to [...] continue reading world news

You Are In The Ponzi Scheme Whether You Realize It Or Not (Video)

- You Are In The Ponzi Scheme Whether You Realize It Or Not (Monty Pelerin’s World, July 2, 2013): The reasons for continuing to participate in stock markets are discussed in this video from Gordon T. Long and John Rubino. It all comes down to liquidity (and little else).The liquidity fraud is well advanced and [...] continue reading world news

‘US Jobs Boom Prompts Fears Federal Reserve May Call Time On Stimulus’ (Guardian)

(h/t reader M.G.: “… here is an article from todays UK Guardian that ought to interest you. The Greedy Guts are upset because they fear their free ride on the backs of the US taxpayer in the $85 Billion a month bleed from the FED will go away because there is minimal growth in the [...] continue reading world news

Wall Street Banks Extract Enormous Fees From The Paychecks Of Millions Of American Workers

- Wall Street Banks Extract Enormous Fees From The Paychecks Of Millions Of American Workers (Economic Collapse, July 2, 2013): Would you be angry if you had to pay a big Wall Street bank a fee before you could get the money that you worked so hard to earn?  Unfortunately, that is exactly the situation [...] continue reading world news

Oppenheimer: “Time To Cover All Shorts In Gold And Gold Miners” Because “Gold Stocks Are So Bad, They’re Good”

- Oppenheimer: “Time To Cover All Shorts In Gold And Gold Miners” Because “Gold Stocks Are So Bad, They’re Good” (ZeroHedge, July 1, 2013) continue reading world news

Vatican Bank Scandal Widens Following Resignations Of Director, Deputy

- Vatican Bank Scandal Widens Following Resignations Of Director, Deputy (ZeroHedge, July 1, 2013) The story of the Vatican Bank’s priest, the Italian secret service spook, and their “fiduciary” banker gripped the world’s attention over the weekend when the latest iteration in the Vatican Bank’s money laundering series were revealed. Now, comes the resignations: the [...] continue reading world news

The Golden Cycle – Gold Bug Bashing, 1976 Edition

- The Golden Cycle (Euro Pacific Capital, July 1, 2013, by Peter Schiff): The New York Times had the definitive take on the vicious sell off in gold. To summarize one of their articles: Two years ago gold bugs ran wild as the price of gold rose nearly six times. But since cresting two years [...] continue reading world news

Dubai Gold Demand Off the Charts

- Dubai Gold Demand Off the Charts as Price Plunges (Liberty Blitzkrieg, June 27, 2013): Only in the gold market does huge demand equal a price collapse!  I suppose the problem is they don’t buy Comex contracts in Dubai and India.  As I mentioned on Twitter earlier today, the pile-on from gold bears is reaching [...] continue reading world news

Fed: Foreign Central Banks’ Selling U.S. Government Debt

Humor: Government Bonds - Foreign central banks’ U.S. debt holdings fall: Fed (Reuters, June 27, 2013): Foreign central banks’ overall holdings of U.S. marketable securities at the Federal Reserve fell in the latest week, data from the U.S. central bank showed on Thursday. The Fed said its holdings of U.S. securities kept for overseas central [...] continue reading world news

Foxconn CEO Terry Gou: “We Have Over 1 Million Workers. In The Future We Will Add 1 Million Robotic Workers. Our [Human] Workers Will Then Become Technicians And Engineers.”

- Foxconn to speed up ‘robot army’ deployment; 20,000 robots already in its factories (ITworld, June 26, 2013): Manufacturing giant Foxconn Technology Group is on track with its goal to a create a “million robot army”, and already has 20,000 robotic machines in its factories, said the company’s CEO Terry Gou on Wednesday. Workers’ wages [...] continue reading world news

France Jobseekers Hit Another All-Time Record

- France Jobseekers Hit Another All-Time Record (ZeroHedge, June 26, 2013): Despite the jump in French PMI (though still in contractionary region), the number of French Jobseekers rose once again (up 11.5% year-over-year) to a new all-time record. As the nation struggles with near Depression-era activity, it seems the green shoots that Draghi’s jawboning once [...] continue reading world news

Gold Plummets To 34-Month Lows, Drops Below Its Average Cash Cost

- Gold Plummets to 34-Month Lows as Investors Flee (Wall Street Journal, June 26, 2013): Prices are down about 25% this year, with the bulk of the losses occurring since April. On Wednesday, prices fell below $1,250 a troy ounce for the first time in nearly three years. - Gold Drops to 34-Month Low as [...] continue reading world news

Mid Year Digest – Where Are We Now? – A World View

- Mid Year Digest (Kunstler, June 24, 2013): by James Howard Kunstler Wondering why the money world got its knickers in a twist last week? The answer is simple: the global economy is breaking apart and its constituent major players are doing face-plants on the downhill slope of a no-longer-cheap-oil way of life. Let’s look [...] continue reading world news

76% Of Americans Are Living Paycheck-To-Paycheck (CNNMoney)

- 76% of Americans Are Living Paycheck-to-Paycheck (CNNMoney, June 24, 2013): Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday. Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to [...] continue reading world news

The Bank Of International Settlements Warns The Monetary Kool-Aid Party Is Over

- The Bank Of International Settlements Warns The Monetary Kool-Aid Party Is Over (ZeroHedge, June 23, 2013): When a month ago the Central Banks’ Central Bank, aka the Bank of International Settlements (or BIS) in Basel where the MIT central-planning braintrust meets every few months to decide the fate of the world, warned that the [...] continue reading world news

On U.S. Government Bonds: ‘If The Yield Goes Significantly Higher The Market Is Going To Freak Out’

- “If The Yield Goes Significantly Higher The Market Is Going To Freak Out” (Economic Collapse, June 21, 2013): If yields on U.S. Treasury bonds keep rising, things are going to get very messy.  As I write this, the yield on 10 year U.S. Treasures has risen to 2.51 percent.  If that keeps going up, [...] continue reading world news

Bank Of China Denies Default

- Bank Of China Denies Default (ZeroHedge, June 20, 2013): Either things in China are now very serious (and Jean-Claude Juncker has been hired as chief propaganda officer), or the BOC hired Erin Callan as CFO. Either way, for now at least, the Bank of China “is fine”: Then again, looking back in history, the [...] continue reading world news

Ron Paul Warns Of Dollar Collapse … Gold Will ‘Go To Infinity’ (Video)

See also: - Hong Kong Hedge Fund Manager William Kaye On The Massive Gold And Silver Plunge: ‘It’s The End Game Of A Fantastic Manipulation Of The Markets’ - Gold, Silver Hammered To 2.5-Year Lows; Major, New Chart Damage Suggests More Downside To Come YouTube Added: 20.06.2013 Flashback: - Breaking News: DHS Insider: It’s About [...] continue reading world news

Congressman Alan Grayson Allowed To Read Secret Treaty Says ‘This … Hands The Sovereignty of Our Country Over to Corporate Interests’ (Video)

Flashback: Ben Bernanke, ‘THE HERO’ & ‘PERSON OF THE YEAR’, Destroyed By Alan Grayson (Video) - First Congressman Allowed to Read Secret Treaty Says “This … Hands The Sovereignty of Our Country Over to Corporate Interests” (ZeroHedge, June 19, 2013): We reported last year: Democratic Senator Wyden – the head of the committee which is [...] continue reading world news

Cyprus Bail-In Blows Up: President Urges Complete Bailout Overhaul (Full Letter)

-  The Cyprus Bail-In Blows Up: President Urges Complete Bailout Overhaul (Full Letter) (ZeroHedge, June 18, 2013): Cyprus’ President Nicos Anastasiades has realized (as we warned), too late it seems for the thousands of domestic and foreign depositors who were sacrificed at the alter of monetary union, that the TROIKA’s terms are “too onerous.” Anastasiades [...] continue reading world news

China’s Great Uprooting: Moving 250 MILLION Rural Residents Into Cities

- China’s Great Uprooting: Moving 250 Million Into Cities (New York Times, June 15, 2013): BEIJING — China is pushing ahead with a sweeping plan to move 250 million rural residents into newly constructed towns and cities over the next dozen years — a transformative event that could set off a new wave of growth [...] continue reading world news

Study: Derivatives Are Weapons Of Slow Economic Destruction

And yes, derivatives are designed to do exactly that … “(Slow) Economic Destruction” … and the greatest financial/economic collapse in world history is well on its way. Related info: - Former Fed President Thomas Hoenig: Deutsche Bank ‘Is Horribly Undercapitalized … It’s Ridiculous’ - America’s Giant Bubble Economy Is Going To Become An Economic Black [...] continue reading world news

Thousands Of Companies Handing Over Your Personal Data To The NSA

“Fascism should rightly be called Corporatism, as it is the merger of corporate and government power.” – Benito Mussolini - Thousands Of Companies Have Been Handing Over Your Personal Data To The NSA (Economic Collapse, June 14, 2013): It isn’t just Internet and phone companies that are giving your personal information to the U.S. government.  [...] continue reading world news

Spain’s Debt Jumps To New Record High; Year-Over-Year Rise Also Fastest On Record

- Spain’s Debt Surges To Record High At Accelerating Pace (ZeroHedge, June 14, 2013): Somewhere deep down inside the European Union’s leaders must know how foolish they are with their constant proclamations that the worst of the crisis is over and that growth will return any moment now. For now, the realists in the market [...] continue reading world news

This Is What Crisis Feels Like: Basic Services Still Functioned, No One Had To Really Worry About Food Or Water … Then It All Changed … Literally Within A Day!

Greece, Athens - This is what crisis feels like: a personal story (Sovereign Man, June 12, 2013): On December 1, 2001, Argentina’s economy was in trouble. Unemployment was high, debt was high, and recession had taken hold. But life was somewhat ‘normal’. Basic services still functioned. And no one had to really worry about… food. [...] continue reading world news

EVERY Market Is Rigged

- EVERY Market Is Rigged (Washington’s Blog, June 12, 2013): Currency Markets Are Rigged Bloomberg reports today: Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice. Employees have been front-running client orders [...] continue reading world news

JPMorgan Vault Gold Drops By 28.4% Overnight, Slides To Fresh Record Low As Withdrawals Accelerate

From the article: “At this pace, the world’s biggest gold vault located below 1 CMP, and just next to the Fed’s own gold vault, will be empty in about 1.5-2 months.” Got PHYSICAL gold? - JPM Vault Gold Drops By 28.4% Overnight, Slides To Fresh Record Low As Withdrawals Accelerate (ZeroHedge, June 11, 2013): With [...] continue reading world news

Ron Paul: ‘It’s Going to Get Much, Much Worse’ (June 9, 2013)

YouTube - Ron Paul: It’s Going to Get Much, Much Worse (Peak Prosperity, June 10,2013): Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies. His last term in the U.S. House of Representatives ended earlier this year, so we [...] continue reading world news

Breaking News: DHS Insider: It’s About To Get Very Ugly

From the article: “We know all this already,” I stated. He looked at me, giving me a look like I’ve never seen, and actually pushed his finger into my chest. “You don’t know jack,” he said, “this is bigger than you can imagine, bigger than anyone can imagine. This administration is collecting names of sources, [...] continue reading world news

Greece: Total Collapse In Pics – GDP Plunges To Year 2000 Levels – That Things Are Hopeless And Getting Worse Is An Understatement – Another Bailout Imminent

Related info: - Greece: Prostitution Soars By 150% – Prostitutes Lower Their Price As Low As 5 EUROS – Youth Unempoyment Hits 75% In Some Areas - Greek GDP Plunges To Year 2000 Levels (ZeroHedge, June 8, 2013): That things in Greece are hopeless and getting worse is an understatement. With unemployment levels off the [...] continue reading world news

Argentina: ‘It’s Like A Textbook Case In Government Gone Mad’ – ‘Comletely Out Of Control’ – ‘Spinning Off Into La-La-Land’

From the article: “It is like a textbook case in government gone mad. They have stolen the retirement accounts, devalued the currency, and put capital controls in place. There are trade controls so that people can’t import necessities into the country, but instead, have to manufacture them locally, with the government giving monopolies to their [...] continue reading world news

Insanity: How To Buy A Home In Martha’s Vineyard With Zero Money Down

- American Insanity: How to Buy a Home in Martha’s Vineyard with Zero Money Down (Liberty Blitzkrieg, June 5, 2013): The absurd new housing bubble created by Banana Ben Bernanke’s cheap money, private equity slumlords and crony foreign oligarchs looking to launder their ill-gotten funds, continues to provide what would be hilarious headlines if only [...] continue reading world news