Archive for December 14th, 2011

by Charles Hugh Smith ZeroHedge.com 12/14/2011 Ben Bernanke and his Fed mates’ secret letterhead: “destroying capitalism from within.” After four years of disastrously wrong policies, let’s declare stubborn, hubris-soaked wrongheadedness a virtue and saint Ben Bernanke and his Federal Reserve mates. If we had to distill down the Fed Chairman and the Federal Reserve’s... »

by Bob Chapman Global Research December 14, 2011 After watching Europe’s performance last week the only thing they really were after was an ESM, European Stabilization Mechanism, to tie down all EU nations to a tighter regional set up. As it turns out England and others did not agree. Britain obviously does not want... »

by Stephen Lendman Global Research December 14, 2011 Obama won’t prosecute CIA torturers, Wall Street crooks, other corporate criminals, lawless war profiteers, or other venal high-level civilian or government officials. Instead, expect him to sign into law (or at least tacitly approve) indefinite military detentions of US citizens allegedly associated with terrorist groups, with... »

Paul B. Farrell MarketWatch.com Dec. 14, 2011 SAN LUIS OBISPO, Calif. (MarketWatch) — Fasten your seat belts: 2011 was far worse than expected. Our earlier predictions for America’s Worst Decade just got worse. As financial historian Niall Ferguson writes in Newsweek: “Double-Dip Depression … We forget that the Great Depression was like a soccer... »

Saman Mohammadi The Excavator December 14, 2011 “terrorism itself is only a gigantic special effect.” – Jean Baudrillard, as quoted in ‘Waging terror: The geopolitics of the real’ by Stephen H. Jones and David B. Clarke. (1). “This terrorist violence is not “real”. It is worse in a way: it is symbolic. Violence in... »

Mac Slavo December 14th, 2011 SHTFplan.com Just when you thought you could trust the National Association of Realtors, a new shocking report from the NAR itself says that they have miscounted the amount of existing homes that were sold for the last five years. The National Association of Realtors said a benchmarking exercise had... »

Josh Peterson Daily Caller December 14, 2011 In a statement released Tuesday, House oversight committee Chairman Darrell Issa criticized an amendment proposed by Texas Republican Rep. Lamar Smith to the controversial Stop Online Piracy Act, saying it does not fix anything and would give “Attorney General Eric Holder’s Department of Justice broad new powers... »

Gus Lubin Business Insider December 14, 2011 Villagers in Wukan, China have chased away local police and government after a mass protest against corruption. The Telegraph’s Malcolm Moore filed a report and is tweeting from inside the besieged village. The situation has been brewing for months, with violent riots breaking out in September too.... »

ALEX NEWMAN New American December 14, 2011 New polls released this week show near-record high fears of big government and strong support for the emergence of a credible third party to shake up Washington, D.C., largely because the Republican and Democrat parties are viewed in an increasingly unfavorable light. According to a USA Today/Gallup... »

Mamta Badkar BusinessInsider.com Dec. 14, 2011 In a new interview with CNBC, Kyle Bass, managing partner at Hayman Capital Management, said that Europe is moving closer to restructuring as even “the citizens of those most troubled and profligate nations are losing confidence in the Euro dream”. Comparing the European Monetary Union to his extended... »