Archive for May 8th, 2010

by Karl Denninger MarketTicker.com Just reported: Greece will not cut public salaries or there wll be civil war. There’s the gauntlet folks. It means that no “assistance” can actually succeed, because it is not possible to get the fiscal situation under control without significant cuts in public spending. This, incidentally, is the same problem... »

Roger Boyes TimesOnlineUK May 8, 2010 Eleni is busy. Beyond the doors of the kitchen you can make out her gentle bullying: agape mia, she seems to be saying, my dear, where are the dolmades for Table 3? And back in the restaurant, with its murals of the blue Aegean, she flits from alcove... »

by Prieur du Plessis InvestmentPostcards.com Sat 8 May 2010 With stock markets tanking around the globe, one would be remiss not to take note of Richard Russell’s view of the selloff. The 85-year-old dean of newsletter writers and author of the Dow Theory Letters, said: “… something dramatic lies ahead. I believe we’ve been... »

Ellis Martin and Karen Roche TheGoldReport.com ShadowStats’ John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is in a depression and why a “Hyper-Inflationary Great Depression” is now unavoidable. John also shares why he selects gold as a metal for asset conversion in this exclusive... »

How To Run a Federal Budget Surplus by Gary North LewRockwell.com From time to time, someone asks me: “What would you do about the Federal deficit?” I have this amazing answer: “End it immediately. Then run a surplus until it is paid off 100% – exactly as I would do with my own budget.”... »

By Silla Brush The Hill.com 05/07/10 Sen. David Vitter (R-La.) will push for tougher audits of the Federal Reserve after similar legislation was scaled back on Thursday. Vitter will offer an amendment to Wall Street overhaul legislation that is identical to legislation that passed the House in December and that was backed by Rep.... »

By Betty Freauf May 8, 2010 NewsWithViews.com Communists are no longer infiltrating our country; they’ve been invited in as our guests. The 4/30/2010 Statesman Journal (SJ) headlines said that the Nordic choir at North Salem High School was preparing to sing praises to the former South Africa President and Nobel Peace Prize winner Frederik... »

By Cliff Kincaid May 8, 2010 NewsWithViews.com The major media say the chaos on Wall Street was the result of a “trader error, possibly a typo,” as the Washington Post put it. Some reports claim the culprit was a “fat finger” on a computer somewhere that pressed the wrong key. But Zubi Diamond, author... »

By Paul Proctor May 8, 2010 NewsWithViews.com “When I was a child, I spake as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things.” – 1st Corinthians 13:11 There’s an interesting word used in the New Testament several times by... »