by Charles Hugh Smith OfTwoMinds.com Does anyone take the Merkel-Sarkozy dog and pony show seriously any more? Perception management is not a solution. For the past 18 months, every time reality threatens to intrude in Europe, Merkel and Sarkozy rush onto the global stage for a repeat performance of their dog-and-pony show. The global... »
Archive for October 12th, 2011
Hedge fund guru warns of period of very high inflation
By Suzan Uzel YorkshirePost.co.uk A LEADING hedge fund investor has said it is “as plain as a pikestaff” that Britain is heading for a period of “very high inflation” with interest rates “nailed to the floor”. Jonathan Ruffer, who predicted the credit crunch, and whose company Ruffer LLP has more than £12bn invested, believes... »
The Recovery’s Silent Assassin: How Debt Deleveraging Killed the Economy
When U.S. consumers, businesses, and government all pay down debt at the same time, the inevitable outcome is lower growth, higher unemployment, and lower standards of living. By Harris Collingwood TheAtlantic.com Heather Anderson ruefully admits that she should have known better. A veteran of nearly two decades in the credit-union industry, she had spent... »
The next shoes to drop
Steve Saville 321Gold.com Oct 11, 2011 The US economy is definitely in recession and the recession will probably extend into next year. This isn’t necessarily a reason to be concerned about downside risk in the broad stock market, because the stock market attempts to discount the future and might already have priced-in the sort... »
A Greater Depression is coming
By Thomas H. Kee Jr. MarketWatch.com Amazing as it sounds, the degree of uncertainty has actually increased on the heels of last week’s rebound, and the debates running through the Streets, from “Occupy Wall Street” to “My Big Fat Greek Default,” have investors at odds with each other. Quelling such emotional behavior takes time,... »
The European Crash Dummies Will Hit the Greek Brick Wall
by Gary North LewRockwell.com A crash dummy has some of the physical characteristics of a human being. It is used to test the safety of the interior of a car that has suffered a major accident. A pair of dummies are strapped into the front seat of a car that is on a track.... »
Blundering Forward in the Graveyard of Empires
by Eric Margolis LewRockwell.com Washington’s national security establishment – what used in Britain to be called “imperialists” – is in a growing panic over the war in Afghanistan which, in spite of America’s vast military and economic power, and cornucopia of high tech wizardry, is being slowly beaten by a bunch of lightly-armed but... »
A Quick Tour of the Reality of the Situation (Five Key Data Points That Can’t Be Ignored)
Mac Slavo October 11th, 2011 SHTFplan.com Living within the realm of a 24 hour news cycle can often make it seem like things really are getting better. On any given day a particular company may report better than expected earnings, the Dow Jones may rise 250 points, and a few thousands more workers than... »
If You Want to Stop Crime in America, Start in the White House and Work Your Way Down
by Mac Slavo SHTF Plan.com Over 200 people are confirmed dead, including at least one US agent, with “Fast and Furious” weapons which were directed into the hands of drug cartels in Mexico at the order of our Justice Department and the BATF. Under oath Attorney General Holder denied any knowledge of the operation... »
“OCCUPY WALL STREET” TO PUSH FOR GLOBAL TAX
By Cliff Kincaid October 12, 2011 NewsWithViews.com Jumping on the anti-Wall Street media bandwagon, Josh Boak of Politico says Democratic Rep. Peter DeFazio’s measure to tax Wall Street has “newfound momentum.” The Soros-funded Think Progress blog quickly jumped on the report, saying the plan is being seriously considered on the Hill. There is only... »