Archive for June 19th, 2012

Reith Lecture: ‘We’re mortgaging the future of the younger generation’ Uncontrolled public debt threatens to rupture society as the older generation thrives at the expense of the young. By Niall Ferguson TelegraphUK 18 Jun 2012 Critics of Western democracy are right to discern that something is amiss with our political institutions. The most obvious... »

It’s Monday, so it must be time for another international summit. Gathered in the Mexican seaside resort of Los Cabos, G20 leaders will already be wondering why they’ve made the trip. By Jeremy Warner TelegraphUK 18 Jun 2012 Nothing is promised from this latest piece of international junketing, other than a little Mexican levity... »

KingWorldNews.com June 18, 2012 Today acclaimed money manager Stephen Leeb, told KWN, “the world is rapidly heading toward what you would call a ‘de facto’ gold standard,” and that we will see “shortages of silver over the next 5 to 10 years, massive shortages.” Leeb, who is Chairman & Chief Investment Officer of Leeb... »

EndOfTheAmericanDream.com In recent years there have been huge numbers of Americans that have sought to go “off the grid” and live a more independent lifestyle. It has been estimated that there are now approximately 3 million “preppers” in the United States, and many of them just want to be left alone so that they... »

TheEconomicCollapseBlog.com Yes, it is officially time to start freaking out about the global economy. The European financial system is falling apart and it is going to go down hard. If Europe was going to be saved it would have happened by now. The big money insiders have already pulled their funds from vulnerable positions... »

by Tyler Durden Zerohedge.com 06/18/2012 The Pew Center has released its annual summary of US pension and retirement health care (under)funding. As of 2010, the total underfunding gap rose by $120 billion from the prior year’s $1.26 trillion deficit to a record $1.38 trillion underfunding. This number consists of $757 billion in pension promises,... »

by Tyler Durden ZeroHedge.com 06/18/2012 Not like it should come as any surprise that the bank that first among peers “discovered” that flow, not stock matters, implying the Fed may literally never be able to stop monetizing, is expecting the FOMC to “ease monetary policy on June 20”, but nonetheless here is the full... »