TheExtinctionProtocol.com July 2, 2012 EUROPE – The major German concessions (above all, over the use of ESM European rescue funds directly for Spanish banking recapitalization) agreed at the euro summit are unlikely to enter into force. The compromises announced on Friday between creditors and debtors will fall apart because they are mutually contradictory. The... »
Archive for July 2nd, 2012
Former Hedge Funder’s Fearful Forecast: We‘re Looking at ’The Biggest Economic Shock the World Has Ever Seen’ & There’s Nothing We Can Do to Stop It
Fortwayne912.com June 2, 2012 Former co-manager of the GLG Global Macro Fund Raoul Pal has joined the growing chorus of economists who believe the global economy is headed in the absolute wrong direction. What does the Goldman Sachs alumnus see on the horizon? Mr. Pal, who writes for The Global Macro Investor, a research... »
Obamacare, the Great Swindle
by Mike Adams NaturalNews.com Monday, July 02, 2012 Now that Obamacare has been ruled a tax by the U.S. Supreme Court, reality is starting to sink in for all those who emotionally supported it. Promoted as a way to provide either free health care or low-cost health care to the masses, the sobering reality... »
Time for the Second American Revolution
BATR.org 7-1-2012 For well over the last decade BATR has argued that the Republic is dead. Now that the Supreme Court has rendered their decision on Obamacare, there can be no doubt that the funeral for a nation, born out of a revolution for liberty, is over. The country, buried in the ashes of... »
Guest Post: Sorry, Bucko, Europe Is Still In A Death Spiral
by Charles Hugh Smith Zerohedge.com 07/02/2012 Replacing old impaired debt with new impaired debt does not generate growth. Borrowing more money will not reverse financial death spirals. Sorry, Bucko–Europe is still in a financial death spiral. Friday’s “fix” changed nothing except the names of entities holding impaired debt. We can lay out the death... »
Trans Pacific Partnership: Corporate Escape From Accountability
Paul Craig Roberts Prisonplanet.com Monday, July 2, 2012 Information has been leaked about the Trans Pacific Partnership (TPP), which is being negotiated in secret by US Trade Representative Ron Kirk. Six hundred corporate “advisors” are in on the know, but not Congress or the media. Ron Wyden, chairman of the Senate trade subcommittee that... »
Central Planners Are Destroying the Financial System
KingWorldNews.com July 1, 2012 After a wild week of trading in global markets, today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States. Here are Fitzwilson’s observations on the ongoing crisis: “On... »
India’s rich hoarding away banknotes, gold and art works in Swiss deposit boxes in record numbers
TheExtinctionProtocol.com July 2, 2012 SWITZERLAND – Amid a global crackdown against alleged black money in secret accounts of Swiss banks, their bankers are selling a new safe-haven idea to their rich clients from India and other countries — the high-value 1,000 franc notes to be stored in safe deposit boxes. These boxes — kept... »
Five biggest U.S. banks craft ‘living wills’ in case they go out of business
TheExtinctionProtocol.com July 2, 2012 NEW YORK – Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of government-mandated contingency planning that could push them to untangle their complex operations. The plans, known as living wills, are due to regulators no later... »
12 Incredible Obamacare Quotes That Show That Our Wretched Healthcare System Is Headed Directly Into The Toilet
EndOfTheAmericanDream.com You might as well stick a fork in the U.S. healthcare system because it is finished. Even before Obamacare, Americans paid far more for healthcare than anyone else in the world. Now thanks to Obamacare we will be faced with much higher health insurance premiums, much higher taxes, much longer waits to see... »