Archive for July 11th, 2012

BusinessInsider.com Jul. 11, 2012 SAN BERNARDINO, Calif. (AP) — As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen bankruptcy. The past two weeks have changed all that, in a big way, as the fiscal struggles faced... »

by Tyler Durden ZeroHedge.com 07/11/2012 First thing this morning when discussing the upcoming festivities in Europe in the aftermath of Spain’s decision to hike sales tax from 18% to 21%, while making sure it is the common people who get hurt in the upcoming bank nationalization in which sub notes and hybrid debt is... »

by Tyler Durden ZeroHedge.com 07/11/2012 While virtually every European risk indicator is now being gamed to underreport the true nature of the capital flow panic on the continent, one remains steadfast: Swiss nominal yields, which as we pointed out a month ago, have become the only true indicator of liquidity stress. And as noted... »

EndOfTheAmericanDream.com Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us. We have seen “stimulus packages”, quantitative easing, bond buying, interest rate cuts, emergency economic summits, bailout packages for banks, bailout packages for entire nations, “Operation Twist”, unprecedented government intervention... »

TheEconomicCollapseBlog.com Sometimes it can be easy to forget that behind all of the horrible economic numbers that we hear about are millions of real people that have had their lives absolutely devastated by this economy. Elderly couples are being brutally evicted from their homes, young families are living in their cars, terminally ill people... »

TheExtinctionProtocol.com July 11, 2012 JAPAN – A 20-meter-long crack was found halfway up Mount Fuji in Yamanashi Prefecture after a 6.4-magnitude earthquake hit on March 15, 2011, centered around eastern Shizuoka Prefecture, local authorities revealed Tuesday. They ruled out the possibility of an eruption. “No abnormalities have been observed regarding Mount Fuji and the... »

TheExtinctionProtocol.com July 10, 2012 RUSSIA – “For the last year, the Russian government has tried to project an image of neutrality in the increasingly bloody conflict in Syria. Now, it may be sending a signal of support to its longtime ally, President Bashar al-Assad, by sending warships to the area. Russia may also want... »

by Tyler Durden ZeroHedge.com 07/10/2012 Meredith Whitney made her doomsday prediction. The nothing. Nothing. Then lots of glib muni expert pundits gloating because the Fed, the ECB, the BOJ, the BOE, the SNB, and of course, the central bank of Kenya, had managed to delay the inevitable by a year. Then some more nothing.... »