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Economy-budget
Global Collapse of the Fiat Money System: Too Big To Fail Global Banks Will Collapse
By : Matthias Chang - Sunday September 5, 2010
Global Collapse of the Fiat Money System: Too Big To Fail Global Banks Will Collapse Between Now and First Quarter 2011 When Quantitative Easing Has Run Its Course and Fails by Matthias Chang Global Research, August 31, 2010 Future Fast Forward Readers of my articles will recall that I have warned as far back as December 2006, that the global banks will collapse when the Financial Tsunami hits the global economy in 2007. And as they say, the rest is history. Quantitative Easing (QE I) (...)
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Bankrupt Miami in Fiscal Emergency, Breaks Employee Contracts, Hikes Property Taxes
By : Mike "Mish" Shedlock - Sunday September 5, 2010
Bankrupt Miami in Fiscal Emergency, Breaks Employee Contracts, Hikes Property Taxes Mike "Mish" Shedlock | Aug. 31, 2010 Miami is bankrupt. Unfortunately the city refuses to admit it. In an enormously foolhardy attempt to make ends meet, in spite of the fact that Miami home prices have been hammered and 1-in-8 are unemployed, the County keeps pouring on the painful tax and fee increases. As you recoil from your tax warning notice today, ponder this: those multiple tax hikes aren’t (...)
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OVERDOSE: The Next Financial Crisis
By : MMNews - Thursday September 2, 2010
OVERDOSE: The Next Financial Crisis 02/09/2010 Touching and realistic movie about what is still ahead of us. Overdose - the movie about the end of the financial system! Causes, inventory, and collapse of the monetary system. Gerald Celent, Peter Schiff, Vernon Smith and the role of Alan Greenspan’s documentation will be assessed in detail. (English) Watch the Movie "Overdose" here: (...)
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Summer 2007: Fed loses control on US interest rates and crisis reaches China and EU
By : Leap2020.eu - Monday August 30, 2010
Summer 2007: Fed loses control on US interest rates and crisis reaches China and EU Excerpt GEAB N°16 (June 16, 2007) - This second quarter’s fundamental event about to shove most players’ anticipations over the coming months, is certainly the final and simultaneous failure of the two key-strategies defined by US leaders, i.e.: . in the economic, financial and monetary fields, the Fed’ policy initiated a year ago when M3 publishing was abandoned and aimed at (...)
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Drugs, Money and Central Banks
By : Catherine Austin Fitts - Monday August 30, 2010
Drugs, Money and Central Banks 30.08.2010 “The central banking-warfare investment model” is really a control model, through which a small group of people can control the most resources on the most profitable basis. Essentially what happens is: Central banks print money and then the military makes sure that other parties accept it and that the financial system continues to have liquidity. Catherine Austin Fitts is a graduate from the University of Pennsylvania (BA) and the (...)
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Marc Faber and Peter Schiff on the U.S. Bond Bubble
By : Marc Faber & Peter Schiff - Saturday August 28, 2010
Marc Faber and Peter Schiff on the U.S. Bond Bubble THURSDAY, AUGUST 26, 2010 One of the things I strive to do as an investor is to stand apart from the herd. By understanding human psychology, which basically explains bubbles and panics, removing myself from the herd becomes a lot easier. There is a monumental bond bubble brewing that is incorrectly being justified as fundamentally sound (much in the way inflated home prices were 4 years ago). I just don’t see the risk/reward (...)
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A BOND BUBBLE?
By : ANNALY CAPITAL - Saturday August 28, 2010
A BOND BUBBLE? 28 AUGUST 2010 BY ANNALY CAPITAL By Annaly Capital Management: The “bond bubble” discussion in the mainstream media has become deafening lately. Some of the commentary has been thoughtful and interesting, but not all of it. Much of the bubble-watch has focused on asset flows into fixed income funds, the total return of Treasuries over the last 10 years, and the theoretical possibility of a bubble in an asset class that guarantees return of principal. Asset (...)
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The Stall
By : David Glenn Cox - Saturday August 28, 2010
By David Glenn Cox There are a great many differences between Ben Bernanke and myself other than that he has a good paying job with all the perks and benefits. He judges the economy by the reports he reads say and I judge it by what I see and hear. He reads his reports of economic performance while I merely look out the window. “The U.S. economy remains “weak” and “fragile” and has a “significant” chance of falling back into a recession, Harvard (...)
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Citi Says QE2 Would Be End-Game For The USD
By : Tyler Durden - Friday August 27, 2010
Citi Says QE2 Would Be End-Game For The USD These are not the hyperbolic ramblings of various fringe blogs who have been claiming this for over a year, these are the non-hyperbolic ruminations of Steven Englander, until recently head FX strategist at Barclays, and recently at Citi:"A second round of QE will likely put sharp downward pressure on the USD, to some degree versus the euro and other G10 currencies, with potential for a broader USD sell-off. Foreign investors are likely to view (...)
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Where to Is the Financial Crisis Drifting?
By : Professor Dr Eberhard Hamer - Tuesday August 24, 2010
Where to Is the Financial Crisis Drifting? by Professor Dr Eberhard Hamer According to the presentation in the media, the focus of the financial crisis seems to have shifted from the U.S .to Europe. Everyone is talking about the Greek and the Euro crisis. The input is getting to be ever more hectic and ever more short-sighted. Science seems clueless, in any case it does not give any convincing orientation. Financial policy decision-makers and the agents of the financial markets react more (...)
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HOMEOWNERS’ REBELLION: COULD 62 MILLION HOMES BE FORECLOSURE-PROOF?
By : Ellen Brown - Monday August 23, 2010
HOMEOWNERS’ REBELLION: COULD 62 MILLION HOMES BE FORECLOSURE-PROOF? Ellen Brown, August 18th, 2010 http://www.webofdebt.com/articles/h... Over 62 million mortgages are now held in the name of MERS, an electronic recording system devised by and for the convenience of the mortgage industry. A California bankruptcy court, following landmark cases in other jurisdictions, recently held that this electronic shortcut makes it impossible for banks to establish their ownership of property (...)
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The anatomy of the state. A gang of thieves
By : Murray N. Rothbard - Monday August 16, 2010
The anatomy of the state. A gang of thieves. by Murray N. Rothbard This essay is from Egalitarianism as a Revolt Against Nature and Other Essays by Murray N. Rothbard (Auburn: Mises Institute, 2000 [1974]), pp. 55–88. What the State Is Not The State is almost universally considered an institution of social service. Some theorists venerate the State as the apotheosis of society; others regard it as an amiable, though often inefficient, organization for achieving social ends; but (...)
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THERE WILL BE NO DOUBLE DIP…
By : Egon von Greyerz - Monday August 16, 2010
THERE WILL BE NO DOUBLE DIP… 16.08.2010 No, there will be no double dip. It will be a lot worse. The world economy will soon go into an accelerated and precipitous decline which will make the 2007 to early 2009 downturn seem like a walk in the park. by Egon von Greyerz The world financial system has temporarily been on life support by trillions of printed dollars that governments call money. But the effect of this massive money printing is ephemeral since it is not possible to (...)
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The New Push for a Global Currency
By : Llewellyn H. Rockwell - Monday August 16, 2010
The New Push for a Global Currency Mises Daily: Friday, August 06, 2010 by Llewellyn H. Rockwell Jr. You surely didn’t think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme for control. Well, here is the cloud no bigger than a man’s hand, a revival of a 60-year-old idea of a global paper currency to fix what ails us. The IMF study that calls for this is by Reza Moghadam of the Strategy, Policy, and Review Department, "in (...)
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Foreclosures and Mounting Unemployment: Signs of Slowdown in US Economy
By : Barry Grey - Sunday August 15, 2010
Foreclosures and Mounting Unemployment: Signs of Slowdown in US Economy Jobless benefits claims at six-month high by Barry Grey Global Research, August 14, 2010 World Socialist Web Site Reports released this week on initial applications for jobless benefits, bank seizures of foreclosed homes and retail sales all reflect a dramatic decline in US economic growth and growing social distress. On Thursday, the Labor Department reported that first-time jobless claims rose by 2,000 last week (...)
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US Bureau of Economic Analysis: Gov’t Pay is About Twice Private Sector
By : Rocky Vega - Saturday August 14, 2010
US Bureau of Economic Analysis: Gov’t Pay is About Twice Private Sector By Rocky Vega 08/13/10 Reykjavik, Iceland — Recent research out of the US Bureau of Economic Analysis confirms what other analyses have shown… and we’ve come to expect. Government workers are now compensated an average of more than $120,000, or about twice as much as the average private sector worker, who receives about $60,000. According to Newsmax: “For the past nine consecutive (...)
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MASS DELUSION – AMERICAN STYLE
By : JimQ - Saturday August 14, 2010
MASS DELUSION – AMERICAN STYLE Posted on 14th August 2010 by JimQ in Economy “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” – Charles Mackay - Extraordinary Popular Delusions and the Madness of Crowds The American public thinks they are rugged individualists, who come to conclusions based upon sound reason and a rational thought process. The truth is that the (...)
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Is a Crash Coming? Ten Reasons to Be Cautious
By : BRETT ARENDS - Saturday August 14, 2010
Is a Crash Coming? Ten Reasons to Be Cautious By BRETT ARENDS Could Wall Street be about to crash again? This week’s bone-rattlers may be making you wonder. I don’t make predictions. That’s a sucker’s game. And I’m certainly not doing so now. But way too many people are way too complacent this summer. Here are 10 reasons to watch out. 1. The market is already expensive. Stocks are about 20 times cyclically-adjusted earnings, according to data compiled by (...)
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VIDEO: THE BIG INTERVIEW WITH DAVID ROSENBERG
By : TPC - Saturday August 14, 2010
VIDEO: THE BIG INTERVIEW WITH DAVID ROSENBERG 13 AUGUST 2010 BY TPC This week’s Big Interview from the WSJ was with David Rosenberg. Mr. Rosenberg is very bearish still and believes the recession never really ended. He says the economy could begin officially contracting as soon as Q4. His forecast is not very rosy so if you’re looking for a good weekend you might want to move along: (...)
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"We Are Now Paying For The Funeral Of Keynesian Theory"
By : Eric Sprott - Saturday August 14, 2010
"We Are Now Paying For The Funeral Of Keynesian Theory" Fooled by Stimulus, by Eric Sprott and David Franklin Despite our firm’s history of investing primarily in equities, we’ve spent much of this past year writing about the government debt market. We’ve chosen to focus on government debt because we fear its impact on the equity markets as a whole. Government debt is an intrinsically important part of the financial landscape. It is the bellwether by which we measure (...)
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DAZIBAO
I, European citizen, won’t let refugees be rejected in my name
Thursday 10 March
©Olivier Jobard/Myop I, European citizen, won’t let refugees be rejected in my name THE RIGHT TO ASYLUM IS A RIGHT In the phrase « right to asylum », every word matters. Under the law, every person who is persecuted because of his or her political opinions or because of his or her identity, every person that is endangered by violence, war or misery has a RIGHT to seek asylum in another country The aim of this petition is to collect (...)
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Neo-Nazis and far-right protesters in Ukraine 3 live-stream
Friday 24 January
2 comments
The far-right in Ukraine are acting as the vanguard of a protest movement that is being reported as pro-democracy. The situation on the ground is not as simple as pro-EU and trade versus pro-Putin and Russian hegemony in the region. When US Senator John McCain dined with Ukraine’s opposition leaders in December, he shared a table and later a stage with the leader of the extreme far-right Svoboda party Oleh Tyahnybok. This is Oleh Tyahnybok, he has claimed a "Moscow-Jewish mafia" (...)
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Hugo Chavez is dead (video live)
Wednesday 6 March
by : Collective BELLACIAO
1 comment
President Hugo Chavez companeros venezueliano died after a long battle with cancer.
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International initiative to stop the war in Syria Yes to democracy, no to foreign intervention!
Thursday 13 December
Your support here: http://www.peaceinsyria.org/support.php We, the undersigned, who are part of an international civil society increasingly worried about the awful bloodshed of the Syrian people, are supporting a political initiative based on the results of a fact-finding mission which some of our colleagues undertook to Beirut and Damascus in September 2012. This initiative consists in calling for a delegation of highranking personalities and public figures to go to Syria in order to (...)
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THE KU KLUX KLAN ONCE AGAIN CONTROLS INDIANA
Monday 12 November
by : David R. Hoffman, Legal Editor of Pravda.Ru
7 comments
At first glance, the results of America’s 2012 election appear to be a triumph for social, racial, and economic justice and progress in the United States: California voters passed a proposition requiring the rich to shoulder their fair share of the tax burden; Two states, Colorado and Washington, legalized the recreational use of marijuana, while Massachusetts approved the use of marijuana for medical purposes; Washington and two other states, Maine and Maryland, legalized same-sex (...)
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I’VE DECIDED TO "WASTE" MY VOTE
Sunday 28 October
by : David R. Hoffman, Legal Editor of Pravda.Ru
In a 2004 episode of Comedy Central’s animated series South Park, an election was held to determine whether the new mascot for the town’s elementary school would be a “giant douche” or a “turd sandwich.” Confronted with these two equally unpalatable choices, one child, Stan Marsh, refused to vote at all, which resulted in his ostracization and subsequent banishment from the town. Although this satirical vulgarity was intended as a commentary on the two (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART IV
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART III If there is one major inconsistency in life, it is that young people who know little more than family, friends and school are suddenly, at the age of eighteen, supposed to decide what they want to do for the rest of their lives. Unfortunately, because of their limited life experiences, the illusions they have about certain occupations do not always comport to the realities. I discovered this the first time I went to college. About a year into my studies, I (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART III
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART IV Disillusioned with the machinations of so-called “traditional” colleges, I became an adjunct instructor at several “for-profit” colleges. Thanks largely to the power and pervasiveness of the Internet, “for-profit” colleges (hereinafter for-profits) have become a growing phenomenon in America. They have also been the subject of much political debate and the focus of a Frontline special entitled College Inc. Unlike traditional (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART II
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART III PART IV Several years ago, a young lady came into the college where I was teaching to inquire about a full-time instructor’s position in the sociology department. She was advised that only adjunct positions were available. Her response was, “No thanks. Once an adjunct, always an adjunct.” Her words still echo in my mind. Even as colleges and universities raise their tuition costs, they are relying more and more on adjunct instructors. Adjuncts are (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART I
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART II PART III PART IV When The Bill of Rights was added to the United States Constitution over two hundred years ago, Americans were blessed with many rights considered to be “fundamental.” One conspicuously missing, however, was the right to an education. This was not surprising given the tenor of the times. America was primarily an agrarian culture, and education, especially higher education, was viewed as a privilege reserved for the children of the rich and (...)
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ONE SOLITARY LIFE, PART TWO
Monday 30 July
by : David R. Hoffman, Legal Editor of Pravda.Ru
3 comments
If there is one universal question that haunts all human beings at some point in their lives, it is, “Why do we die?” Death, after all, is the great illogic. It ultimately claims all, the rich and the poor, the mighty and the small, the good and the evil. Death also has the capability to make most human pursuits—such as the quest for wealth, fame and power—vacuous and fleeting. Given this reality, I have often wondered why so many people are still willing to (...)
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HOW MUCH CORRUPTION CAN DEMOCRACY ENDURE?
Thursday 28 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
6 comments
How much corruption can a “democracy” endure before it ceases to be a democracy? If five venal, mendacious, duplicitous, amoral, biased and (dare I say it) satanic Supreme Court “justices”—John Roberts, Samuel Alito, Antonin Scalia, Clarence Thomas and Anthony Kennedy—have their way, America will soon find out. In several previous articles for Pravda.Ru, I have consistently warned how the Supreme Court’s 2010 Citizens United decision is one of the (...)
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DEMOCRACY IN THE HANDS OF IDIOTS, PART TWO
Tuesday 12 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
1 comment
Imagine, if you will, that the United States government passes a law banning advertisers from sponsoring commercials on Rush Limbaugh’s radio show or Rupert Murdoch’s Fox (Faux) “News” Network. On one hand, there would be two decided advantages to this ban: The National IQ would undoubtedly increase several percentage points, and manipulative pseudo-journalists would no longer be able to appeal to the basest instincts in human nature for ratings and profit while (...)
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DEMOCRACY IN THE HANDS OF IDIOTS
Thursday 7 June
by : David R. Hoffman, Pravda.Ru Legal Editor
4 comments
LIVE, from the State that brought you Senator Joseph McCarthy, Wisconsin voters now proudly present, fresh from his recall election victory, Governor Scott Walker! At first glance, it is almost unfathomable that anyone with a modicum of intelligence would have voted to retain Scott Walker as Wisconsin’s governor. This, after all, is a man who openly declared he is trying to destroy the rights of workers through a “divide and conquer” strategy; who received 61% of the (...)
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PEOPLE WITHOUT SOULS
Tuesday 13 March
by : David R. Hoffman, Legal Editor of Pravda.Ru
2 comments
A question I’ve frequently been asked since I began writing for Pravda.Ru in 2003 is, “Why did you become disillusioned with the practice of law?” This question is understandable, particularly since, in most people’s minds, being an attorney is synonymous with wealth and political power. I’ve always been reluctant to answer this question for fear it will discourage conscientious and ethical people from pursuing careers in the legal profession—a (...)
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