Archive for August 7th, 2011

Rather than spiraling into a meltdown, we may be heading into next ice age

Sunday, August 7th, 2011

By Shannon Goessling 6 Oct 11 – (Excerpts) – The U.S. National Solar Observatory, the U.S. Air Force Research Laboratory and astrophysicists across the planet report that the nearly all-time low sunspot activity may result in a sustained cooling period on Earth. Many reputable scientists have been warning for decades that we are... »

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Muni Market Prepares For “Hundreds And Hundreds” Of Downgrades Tomorrow

Sunday, August 7th, 2011

by Tyler Durden 08/07/2011 While the impact on Treasurys as a result of the downgrade may be limited (after all the other side of the Atlantic is about as ugly as the US, so where could $8 trillion in marketable USTs practically go… at least for now), the same may not be said... »

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Extreme United States Weather Could Become The Norm

Sunday, August 7th, 2011

By MARK DUNPHY Climate change could lead to prolonged drought conditions, greater heat extremes more severe flooding and worsening air pollution, according to the Natural Resources Defense Council (NRDC). Based on an analysis of data gathered from the Environmental Protection Agency, the U.S. Department of Agriculture, Centers for Disease Control and Prevention and... »

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Intense Solar Storm Could Disrupt Power, Communications; Auroras Expected

Sunday, August 7th, 2011

By IB Times Staff Reporte August 7, 2011 The U.S. government has put on alert users of satellite, telecommunications and electric equipment as solar eruptions that happened over the past couple of days are set to trigger intense magnetic storms. A solar storm happens when a burst of charged particles are thrown out... »

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Domestic Terrorists? Communities Coin Their Own Currency To Survive The Collapse

Sunday, August 7th, 2011

by Alexander Higgins August 7, 2011 Coining Terrorism? Russia Today August 8, 2011 Local currencies are popping up to help local communities while states look into alternatives to the dollar as a hedge to falling dollar value and mounting government debt. ­Are these “domestic terrorists” who could tear apart the country, or are... »

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Europe On The Brink

Sunday, August 7th, 2011 After a week that saw $2.5 trillion wiped off global stock markets, European policymakers held a series of emergency conference calls on Sunday to discuss the twin debt crises in Europe and the USA that are causing market turmoil, and stoking fears that the Depression might actually affect some members of the plutocracy... »

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Former PBOC Member: “The Situation Is Unsustainable. The Longer It Continues, The More Violent And Destructive The Final Adjustment Will Be.”

Sunday, August 7th, 2011

by Tyler Durden 08/07/2011 esterday it was an editorial piece in the main Chinese media outlet Xinhua. Today, China brings its message of helpless (for now) fury to the FT, where Yu Yongding, a former member of the Monetary Policy committee of the Chinese Central Bank has just said what everyone who realizes... »

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G7 Preparing Statement To Support Dollar, EU, In Fact Everything That Would Otherwise Collapse Tomorrow, Before Asia Open

Sunday, August 7th, 2011

by Tyler Durden 08/07/2011 Just out from Bloomberg: Finance ministers and central bankers are preparing a statement to release before the open of Asian markets, the Nikkei newspaper reported, without citing anyone. Japan may intervene in currency market if dollar falls. G-7 finance ministers, central bankers expected to express confidence in dollar, pledge... »

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Markets braced for mayhem as US credit downgraded for first time

Sunday, August 7th, 2011

China and Russia with trillions of US debt react furiously to the news that America had lost its AAA credit rating By Margareta Pagano IndependentUK Sunday, 7 August 2011 World stock markets are braced for another bloodbath when they open in Asia tonight and across Europe tomorrow following the controversial decision by Standard &... »

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2011 – year of the economic firestorm

Sunday, August 7th, 2011

In this grave crisis, the world’s leaders are terrifyingly out of their depth By Peter Oborne TelegraphUK Ineffectual: an emergency telephone conference among the G7 finance ministers feels as relevant as a Bourbon family get-together in the summer of 1789 Certain years have gone down in history as great global turning points, after which... »

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