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