Archive for June 19th, 2012

Fed Lies Unravel … Bank Board Gave US$ 4 Trillion in Loans to Its Own Institutions

Tuesday, June 19th, 2012 Tuesday, June 19, 2012 A report just released by the US Government Accountability Office explains how the Federal Reserve divvied up more than $4 trillion in low-interest loans after the fiscal crisis of 2008, and the news shouldn’t be all that surprising. When the Federal Reserve looked towards bailing out some of the... »

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The Spreading Crisis:From Greece to Spain

Tuesday, June 19th, 2012

by MIKE WHITNEY JUNE 19, 2012 ”The Greek economy is truly broken. The circuits of credit are so badly damaged that even efficient, profitable firms have been cut out of the capital markets …. Moreover, the new spending cuts… will give the forces of recession another boost. To cut a long story short,... »

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In Case Of NEW QE, Gold To $1,900-$8,500 Says SocGen

Tuesday, June 19th, 2012

by Tyler Durden 06/19/2012 In a previous post we showed how, despite Goldman’s best wishes, the market may have just priced itself out of a treat from the Fed tomorrow, and right into a trick. That said, in case the Fed has in fact succumbed to the pleadings of its superiors (read Primary... »

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Richard Russell – Don’t Believe This Rally & Prepare Yourself

Tuesday, June 19th, 2012 June 19, 2012 With continued uncertainty in global markets, the Godfather of newsletter writers, Richard Russell, warned, “You can be sure that the bear market will try to make you believe that you should be in this market.” Russell also cautioned that “Money is rushing around the globe in a mad search for... »

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Why Doesn’t The Stock Market Reflect The Imminent Global Depression?

Tuesday, June 19th, 2012

Steven Strauss Jun. 19, 2012 We seem to be heading towards an economic downturn equivalent to the Great Depression of the 1930s. This isn’t a secret. The synthesis below is derived from: Lawrence Summers, Nouriel Roubini, Simon Johnson, Niall Ferguson, and Paul Krugman to name just a few. This crisis is not happening... »

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Celente: “Tidal Wave” of Investors Coming to Gold

Tuesday, June 19th, 2012

by Brittany Stepniak Monday, June 18th, 2012 Renowned financial trends forecaster Gerald Celente grimly states that each new day presents a new catastrophe. Everyday, politicians and central bankers say the crisis must me mended as the entire financial system lies on the verge of collapse. With each passing day, an increased number of... »

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NASA Plans for Large Scale Failure, Power Grid is “Particularly Vulnerable to Bad Space Weather”

Tuesday, June 19th, 2012 For many it’s either tin foil conspiracy theory or an action packed Hollywood Armageddon flick. For the National Aeronautics and Space Administration it’s a serious threat, with the potential to wipe out the technologically driven lives we’ve become so used to. Our sun is approaching a period of high turbulence, referred to as... »

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This Will Wash Massive Amounts More Radiation Into The Pacific!

Tuesday, June 19th, 2012

NHK: Northeast Japan bracing for 180 km/h typhoon — City north of Fukushima evacuated, “coastal area sank” due to 3/11 quake — Up to 16 inches of rain forecast (VIDEO) By ENENews June 19th, 2012 Typhoon hits mainland Japan NHK June 19, 2012 A strong typhoon has reached mainland Japan, bringing heavy rain to... »

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Guest Post: Springtime For The Military-Industrial Complex

Tuesday, June 19th, 2012

by John Aziz 06/19/2012 Yeah, America is spending more today drone-striking American citizens in Yemen, drone-surveilling Mexican drug lords and “turning our attention to the vast potential of the Asia-Pacific region“ than she was during the cold war when a hostile superpower had thousands of nukes pointing at her .Military contractors have nothing... »

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This Guy’s Got It!

Tuesday, June 19th, 2012

Paul Martin June 19, 2012 An Spot on comment from a British gentleman! If you want a baromonter on current events, read the comment sections! This from a Telegraph article…EU leaders set to announce €750bn Spain and Italy bailout deal “Lets get this absolutely right. These gangsters in suits are working the markets to... »

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