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Our world balances on a sea of debt
The banks that control the world’s supply of money are no better than counterfeiters – and their system of juggling debt has left the global economy teetering on the brink of ruin. Convicted fraudster Darius Guppy offers a provocative personal view By Darius Guppy Published: 7:14PM GMT 20 Feb 2010 Darius Guppy: Since serving his prison sentence he Full Article
- Will The US Devalue the Dollar?
- Wall Street’s Bailout Hustle
- Is Ben Bernanke The Second Coming Of Rudolf von Havenstein, The Central Banker Responsible For Germany’s Hyperinflationary Collapse (And Ostensibly WWII)?
- China fine-tunes its Iran strategy
- The Mortgage Bubble
- Capitalism is Dead, Long Live the Billionaire Bailout Society
- Party Gridlock in Washington Feeds New Fear of a Debt Crisis
- Foreign Demand for US Treasurys Takes Record Fall
- Calls to curb CDS gamblers as Greek crisis continuesTraders in credit default swaps are hoping that countries default on their debt, say experts, and the market needs more regulation
- Albert Edwards: At 500% Net Liabilities To GDP, It Is Too Late To Prevent The Collapse Of The G-7; Greece Is Irrelevant, We Are All Now Insolvent
- The Sovereign Debt Crisis: A Greek Economic Crisis is Coming to America
- China orders retreat from risky assets
- The Terror-Industrial Complex
- The US Economic Crisis: Jobs Continue to Vanish While the Media Applauds “Recovery”
- Greek Ouzo crisis escalates into global margin call as confidence ebbs
- The Sword and the Shield: Surround Russia and China with Mobile “Missile Defense” Systems
- 7 US States That Are Worse Off Than Greece, Portgal, Ireland, And Spain
- Get ready to pay more taxes
- Lies We’re Being Told: Interest is Consumption, Saving is “a Negative Act”
news
Strategic defaults on homes on the rise
Carolyn Said, Chronicle Staff Writer
Monday, March 8, 2010
Lance Iversen / The Chronicle
Jose and Anna Tolentino still live in their Novato condo that is underwater, but they stopped paying the→
How Have U.S. Stocks Defied Gravity for So Long?
This Tuesday will mark the anniversary of last year’s US stock market low. Since then the market has rallied by 70 percent in a recovery only slightly less suspicious than a Madoff hedge fund.
A→
Pound falls again on deficit fears• Sterling drops below $1.50 on warnings from ratings agency Fitch
• Sterling drops below $1.50 on warnings from ratings agency Fitch
• January’s trade gap nears £8bn adding to pressure on pound
The pound fell to $1.494 this morning after comments from→
Mutual Fund Cash Depletion Highest Since 1991
In what can best be described as a contrarian indicator with an uncertain timing trigger, Mutual Fund Cash Depletion Highest Since 1991.
Equity mutual funds are burning through cash at the fastest→
Goldman: Forget Pound Doom And Gloom, The UK Is In Much Better Shape Than You Think
Gregory White | Mar. 9, 2010, 9:02 AM | 24 | 1
While the news on export weakening this morning is pushing the pound downward, Goldman’s Erik F. Nielsen is arguing that the UK is in much better→
Program Will Pay Homeowners to Sell at a Loss
Published: Monday, 8 Mar 2010 | 10:21 AM ET
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new→
Bob Janjuah – “Hopefully, For All Our Sakes, The Bubble Bursts Sooner Rather Than Later”
Submitted by Tyler Durden on 03/08/2010 08:55 -0500
Submitted by the man himself in all its epilepsy-inducing grammatic glory. As always read this in parallel with Seth Klarman’s lessons.
In→
Bloomberg: Banks Face Writedowns after FDIC Auctions
by CalculatedRisk on 3/08/2010 09:17:00 AM
From James Sterngold at Bloomberg: ‘On the Edge’ Banks Facing Writedowns After FDIC Loan Auctions (ht jb)
A Federal Deposit Insurance Corp. plan to→
America’s Commodity Crisis – 2010 Edition
Courtesy of Phil’s Stock World, by Phil
Commodities are a TAX. They are the worst kind of tax because they flatly (not progressively) charge every man woman and child in this country more money→
University of California Campus Erupts In Riots; Student Loan Scam Drives Up Cost Of Education; Expect More Riots
Inquiring minds are reading about student riots at the University of California.
Students at the University of California’s flagship Berkeley campus took to the streets on Friday night,→
Russia Accumulates Gold, As BRIC Nations Sense The Age Of The Dollar Is Toast
Jesse’s Cafe Americain | Mar. 8, 2010, 9:00 AM | 216 |
Thanks to friend Dave at Golden Truth for this updated chart.
As you know, Russia, India, China and some of the BRIC-like→
Sultans Of Swap: Fearing the Gearing!
Stock-Markets / Credit Crisis 2010 Mar 04, 2010 – 02:57 PM
By: Gordon_T_Long
Ever imagine getting your tie caught in a mechanical set of gears (sorry ladies – but I will spare you). The→
British Pound in for a Sharp Fall?
by Bryan Rich 03-06-10
In my December 26 Money and Markets column I focused on the outlook for 2010, and the looming threats to global risk appetite. I warned that sovereign debt problems→
Vatican hit by gay sex scandalVatican chorister sacked for allegedly procuring male prostitutes for papal gentleman-in-waiting
Pope Benedict XVI greets cardinals in the Clementine Hall at the Vatican. Photograph: Max Rossi/AFP/Getty Images
The Vatican was today rocked by a sex scandal reaching into Pope Benedict’s→
Our world balances on a sea of debt
The banks that control the world’s supply of money are no better than counterfeiters – and their system of juggling debt has left the global economy teetering on the brink of ruin. Convicted→
Obama Now Has Unprecedented Opportunity To Pack The Federal Reserve
Joe Weisenthal | Mar. 6, 2010, 9:54 AM | 202 | 2
Image: The White House
When a President has the opportunity to appoint several Supreme Court justices it’s an opportunity to have a→
The Scariest Job Chart Ever
We can debate whether jobs number was good or not, but this much is clear, compared to other recessions, the job losses, and lack of job gains, are truly unprecedented (via FelixSalmon and Catherine→
Labor Unrest Spreads across Europe: Strike wave hits Europe as workers oppose austerity measures
by Ulrich Rippert
Global Research, March 5, 2010
World Socialist Web Site
Last week was marked by two significant developments. A strike wave hit Europe as workers in a series of countries began to→
Credit Union Pays Savers to Close Their Accounts; Deposit Insurance Makes Saving Accounts a Losing Proposition for Banks
Nevada Federal Credit Union has too much money and does not know what to do with it. Worse yet, sitting in cash is costing the credit union money.
Insurance premiums are the culprit. On top of any→
The Sketchy Real Estate Investment Ad On CNBC And FOX Sounds Like A ‘Straw Man’ Scam
Lawrence Delevingne and John Carney | Mar. 5, 2010, 5:32 PM | 1,503 | 11
Is Wall Street Investment Bankers Inc. just a “straw man” real estate investment fraud?
Yesterday, we noticed→
Germany Wants Greece To Sell Off Its Islands In Return For Cash
Vincent Fernando | Mar. 4, 2010, 4:59 AM | 2,349 | 25
What does Germany lack? Great Mediterranean beaches.
Perhaps that’s the motivation behind a German MPs suggestion that Greece sell some→
videos
U.S. Taxpayers on the Hook for $5T of Fannie, Freddie Debt … No Matter What Barney Frank Says
Buy Gold While Supplies Last, Says Fund Manager
MARC FABER ‘THE WIZARD OF ECONOMIC OZ’ ON CNN ON THE AMERICAN ECONOMY
University of California Campus Erupts In Riots; Student Loan Scam Drives Up Cost Of Education; Expect More Riots
Once-in-a-century storm hits Melbourne
Behind the financial news headlines.
Max Keiser — economic wars underway
Is Wall Street waging “economic warfare” against the euro?
Classic Videos: Ben Bernanke’s Predictions
The Federal Reserve Explains… The Federal Reserve In One Easy, Retard-Accessible Video
Dylan Ratigan kicks Tea Party guest off his show
The Schiff Report
Governor Christie: “Time to Hold Hands and Jump Off the Cliff” – Chris Christie For President?
GOLD TUNGSTEN BARS!
TigerText can erase sent text messages. Is it really the ‘perfect app for cheating’?
Goldman-Greek Deal “Completely Scandalous” … and Legal
Barton Biggs: Buy Farmland, Buy Guns, AND Buy Stocks
CLSA’s Chris Wood “In Five Years The US Dollar Paper Standard Will Collapse”
VIDEO: Economic Recovery? Not So Fast
Marc Faber sees 20% correction
more from the web
How the Greek Debt Crisis Affects You as an American
By Rocky Vega 03/05/10 Stockholm, Sweden – As the Greek debt saga unfolds, you’re likely questioning how it affects you… as an American. The connections are not always obvious, but today an [Read More]
- The West is Bankrupt!
- Geithner’s Illegal Money-Laundering Scheme Exposed; Harry Markopolos Says “Don’t Trust Your Government”
- New ghost towns: Industrial communities teeter on the edge
- ‘Revolution’ warning over bailout
- Coming soon: a new Iran NIE?
- GM Recalling 1.3 Million Vehicles; InTrade Odds Of Toyota Congressional Witchhunts Repeating At Zero To Quite Zero
- US’s top brass target Israel
- US Dollar Money Supply Is Underreported
- If The GOP Thought Jim Bunning Was Trouble, Just Wait Until They Meet His Replacement
- Greece Now, U.K. Next as Scots Ready for Pound Plunge (Update2)
- GEAB N°42 is available! Second half of 2010: Sudden intensification of the global systemic crisis – Strengthening of five fundamental negative trends
- Super Soldiers: Will The U.S. Military Soon Outfit Their Soldiers With Exotic Prosthetics, Mechanical Exoskeletons, Implantable Microchips And Even Edit Their DNA?
- Mass Layoffs by U.S. Manufacturers Surge in January
- Don’t call me Mr. Doom, call me Mr. Realist
- Mortgage Zombie Freddie Mac Reports Q4 Loss; Another $5 Billion In Taxpayer Money Out The Window To Support Fake Home Prices
- What’s Up With HUD’s REO Sales?
- 21st CENTURY BREAKDOWN
- Housing: Price-to-Rent Ratio
- U.K. Economy Faces ‘Grave Stage’ on Deflation Risk, Bootle Says
