Bolivia Nationalises Electricity Companies Owned By Spanish Utility Iberdrola

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

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

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

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

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

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

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

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

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

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

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

UK: Christmas Food Handouts Double

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