Archive for July 22nd, 2012

by Stephen Lendman Global Research July 22, 2012 On February 14, 1945, Franklin Roosevelt met with Saudi King Ibn Saud on the USS Quincy. A nearly seven decade relationship followed. America was guaranteed access to what the State Department called “a stupendous source of strategic power, and one of the greatest material prizes in... »

TheEconomicCollapseBlog.com Are you ready for the next major global food crisis? The price of corn hit an all-time record high on Thursday. So did the price of soybeans. The price of corn is up about 50 percent since the middle of last month, and the price of wheat has risen by about 50 percent... »

BusinessInsider.com July 22, 2012 WASHINGTON (AP) — The global economy is in the worst shape since the dark days of 2009. Six of the 17 countries that use the euro currency are in recession. The U.S. economy is struggling again. And the economic superstars of the developing world — China, India and Brazil —... »

As FSA proxies fail and psychological operations falter, US prepares more direct (and desperate) approach for long-sought regime change. Tony Cartalucci, Contributor Activist Post.com Sunday, July 22, 2012 As it becomes increasingly clear that last week’s “surge” by NATO-backed so-called “Free Syrian Army” terrorists was a failed psychological operation, coordinated with meticulously timed assassinations... »

George Ure and Gaye Levy, Contributors Activist Post.com Sunday, July 22, 2012 Clean water is something that we all take for granted. We turn on the faucet and there it is. It is plentiful, it is clean and it is drinkable. Yes, it may have some undesirable chemical additions (fluoride come to mind) but... »

RT.com 22 July, 2012 Wealthy tax evaders, aided by private banks have exploited loopholes in tax legislation and stashed over $21 tn in offshore funds, says a report. The capital drained from some developing countries since 1970 would be enough to pay off national debts. The findings show the gap between the haves and... »

by Tyler Durden ZeroHedge.com 07/22/2012 Even as Europe has become an utterly dysfunctional experiment in everything relating to modern economics and monetary theory, it has one redeeming feature: it has proven that the Defection regime under Game Theory is 100% correct. It says that once the defections from an unstable Nash equilibrium begin, there... »

Debt crisis: Greek economy is in a ‘Great Depression’ says Samaras Greece is in a “Great Depression” similar to the American one in the 1930s, the country’s Prime Minister Antonis Samaras told former US President Bill Clinton on Sunday. TelegraphUK 22 Jul 2012 Mr Samaras’s comments come two days before a team of Greece’s... »

BusinessInsider.com July 22, 2012 WASHINGTON (AP) — The global economy is in the worst shape since the dark days of 2009. Six of the 17 countries that use the euro currency are in recession. The U.S. economy is struggling again. And the economic superstars of the developing world — China, India and Brazil —... »

Mike “Mish” Shedlock BusinessInsider.com Jul. 22, 2012 Cristobal Montoro, the Spain’s finance minister has made a liquidity destroying proposal to tax short-term financial transactions at an astonishing 56% tax rate. Businesses are already upset over hikes in the VAT and have threatened to leave Spain. Interestingly, in spite of raising taxes elsewhere, the VAT... »