Greece To Default: Interest Rate On 1-Year Greek Government Debt At Whopping 60 Percent!!!

See also: - The Second Bailout Has Now Failed: Greece Activates Last-Ditch Liquidity Rescue Package To Preserve Its Financial System - Germany’s Top Court To Rule On Legality Of (Unconstitutional) Euro Bailouts And all taxpayer bailout money went to the banksters for NOTHING in return (except more destruction and chaos. Exactly as planned by the [...] continue reading world news

Former Assistant Secretary OF Housing Catherine Austin Fitts: ‘It’s Time to Bring Our Mortgages Home’

- It’s Time to Bring Our Mortgages Home – Your Municipality and Community Venture Fund is the Ideal Investor for Fannie, Freddie & FHA Defaulted Mortgages (Solari, August 29, 2011): By Catherine Austin Fitts (in the first person) and Carolyn Betts The Administration is now proposing the transfer of significant defaulted mortgages and foreclosed properties [...] continue reading world news

Japanese Firm Orders 2,700 Staff To Get The Same ‘Energy Saving’ Haircut!

This is NOT from ‘The Onion‘. - Japanese firm orders 2,700 staff to get the same ‘energy saving’ haircut… so they don’t have to spend as long blow-drying (Daily Mail, August 28, 2011) A Japanese company has ordered all 2,700 of its employees to get identical hairstyles – to help save energy. Tokyo-based Maeda Corporation [...] continue reading world news

Spiegel Interview With Paul Woolley: ‘The Market Has Become Dangerous For Humanity … It Isn’t Reaching Equilibrium, It Is Falling Into Chaos’

Paul Woolley, 71, is intimately familiar with financial markets after making millions working for Barings Bank in London. He later worked for the American fund manager GSO. After these experiences, he went on to establish an institute at the London School of Economics with the goal of proving how dangerous financial markets can be, calling [...] continue reading world news

Matt Taibbi: Obama Goes All Out For Dirty Banker Deal (Rolling Stone)

Obama bin Bush: Mission accomplished! - Obama Goes All Out For Dirty Banker Deal (Matt Taibbi, Rolling Stone, August 24, 2011): A power play is underway in the foreclosure arena, according to the New York Times. On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into [...] continue reading world news

Marc Faber On CNBC: Don’t Store Your Gold In The United States!

And here is one of many good reasons why: - US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SIEZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES! Don’t miss: - 5 Top Reasons Why The Canadian Dollar Will [...] continue reading world news

Precious Metal Margin Warfare Jumps The Pacific, As Shanghai Hikes Gold Margins For Second Time In A Month, Prepares To Crush Silver

- Precious Metal Margin Warfare Jumps The Pacific, As Shanghai Hikes Gold Margins For Second Time In A Month, Prepares To Crush Silver (ZeroHedge, Aug 23, 2011): Wondering why gold dropped by almost $100 today? Wonder no more: today the Shanghai Gold Exchange lifted gold margins for forward contracts the second time this month to [...] continue reading world news