Archive for October 27th, 2011

Bob Chapman International Forecaster October 27, 2011 We address this European issue, because soon it will debut in the US. The comprehensive policy response, which we have been told existed, really doesn’t exist. We found that out last Friday. All the lies of the past two weeks by various European governments and bureaucrats, as... »

by Tyler Durden ZeroHedge.com 10/27/2011 Anyone expecting that the events over the last 24 hours will have changed the persistently negative outlook of one of the original skeptics, will be disappointed. The SocGen strategist falls back to that old time-tested principle in complicated situations: math and logic. His summary of events released this morning:... »

By Spencer Ackerman Wired.com October 26, 2011 Defense giant Lockheed Martin had a totally sweet quarter, raking in $700 million and looking forward to the same this time next year. So it raises eyebrows when Lockheed’s anointed mouthpieces predict mass economic disaster if Congress touches the defense budget. On Tuesday, the aerospace industry put... »

By Ben Shapiro PatriotPost.com Wednesday, October 26, 2011 “Imagine there’s no countries,” John Lennon warbled in his inane song “Imagine.” “It isn’t hard to do / Nothing to kill or die for … Imagine all the people / Living life in peace / You may say that I’m a dreamer / But I’m not... »

by Gail Tverberg OilPrice.com It looks to me as though 2012 is likely to be a truly awful financial year, with several crises converging: Either very high oil prices or recession, The US governmental debt limit crisis, The Euro crisis, The Chinese debt problem, Debt deleveraging in the US and elsewhere, Further MENA (Middle... »

Europe’s “Grand Plan” to save monetary union is, in broad terms, a settled matter, even if the usual theatrics were still dragging on into the small hours of the Belgian night. By Ambrose Evans-Pritchard Telegraph.co.uk 26 Oct 2011 Whether it proves any more successful than past efforts over the past two years is far... »

EndOfTheAmericanDream.com The United Nations has officially designated October 31st as 7 Billion Day. On that day, the United Nations estimates that the population of the earth will hit 7 billion for the very first time. But instead of celebrating what a milestone 7 billion people represents, the UNPF is focusing instead on using October... »

EconomicCollapseBlog.com Today, there are protests all over America that are targeting “the one percent” and all of the wealth and power that they have accumulated. Unfortunately, many of the solutions that these protesters are advocating simply will not work and will not lead to less wealth inequality. To understand this, you have to understand... »

by Michael S. Rozeff LewRockwell.com Central banks exist for a single reason – to inflate the supply of paper currency. They are a currency-creating and currency-inflating institution. This serves two interest groups in the main. One is the fractional-reserve banks that they regulate. The other is the government that created them. For the banks,... »

by William Norman Grigg LewRockwell.com “If we have to use force, it is because we are America. We are the indispensable nation. We stand tall. We see further into the future.” This panegyric to what is commonly called “American Exceptionalism” could have been composed by any of a number of GOP-aligned media figures, such... »