Archive for May 19th, 2010

Eurozone Crisis at Point of Maximum Danger, Great Depression II?

Wednesday, May 19th, 2010

By: Mike Whitney Market Oracle May 19, 2010 Debt woes in Greece have sent bond yields soaring and increased the prospect of sovereign default. A restructuring of Greek debt will deal a blow to lenders in Germany and France that are insufficiently capitalized to manage the losses. Finance ministers, EU heads-of-state and the European... »

Posted in Economics, Government Evil, New World Order | No Comments »

Euro Crisis Totally out of control? Implications

Wednesday, May 19th, 2010

by Christopher Laird, PrudentSquirrel.com FinancialSense.com May 19, 2010 The evolving Euro crisis is expanding and deteriorating rapidly. In only one week since the $1 trillion EU proposed bailout, the following happened: •Merkel’s party got creamed in the regional German elections last week. This is paralyzing Germany politically. •UK’s Brown resigned and Cameron took over.... »

Posted in Economics, Government Evil, New World Order | No Comments »

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year

Wednesday, May 19th, 2010

Joe Weisenthal BusinessInsider.com WHOA! Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today’s note: Do your friends a favor. Tell them to “batten down the hatches” because there’s a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t... »

Posted in Civil War II, Economics | No Comments »

Rand Paul Savages Obama’s Catastrophic “Green Economy”

Wednesday, May 19th, 2010

Victorious Senate candidate demands Obama stop attending climate summits as new leaked report details shocking economic impact of Spain’s “green economy” Paul Joseph Watson Prison Planet.com Wednesday, May 19, 2010 After trouncing his neo-con opponent comprehensively in the Kentucky Senate primary, Rand Paul savaged the man-made global warming scam for what it truly represents... »

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Rand Paul’s win could be bad news for Republicans

Wednesday, May 19th, 2010

By Alex Spillius TelegraphUK May 19th, 2010 The biggest loser from Rand Paul’s win in the Kentucky Republican Senate primary is Mitch McConnell. When the party’s base ignores an endorsement from a sitting senator and minority leader then candidates anywhere who become labeled as the establishment figure are in trouble. Both parties will be... »

Posted in For Freedom, Politics | No Comments »

Worsening Gulf oil spill overwhelming Coast Guard

Wednesday, May 19th, 2010

By Shashank Bengali and Lauren French McClatchy Newspapers WASHINGTON — The massive Gulf of Mexico oil spill is growing despite BP’s effort to siphon some of the spewing crude from its ruptured deepwater well, the U.S. Coast Guard official leading the cleanup warned Tuesday. BP doubled its estimate of the amount of crude being... »

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Shock & Awe Phase II: Germany to Ban Naked Short-Selling at Midnight; Politicians Battle Markets; Short Selling Restrictions and Market Crashes

Wednesday, May 19th, 2010

Mike Shedlock GlobalEconomicAnalysis.com Shock and Awe I worked so “well” that it’s time for round II: Germany to Ban Naked Short-Selling at Midnight Germany will temporarily ban naked short selling and naked credit-default swaps of euro-area government bonds at midnight after politicians blamed the practice for exacerbating the European debt crisis. The ban will... »

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States: Can’t Stop the Bleeding

Wednesday, May 19th, 2010

The death of a thousand cuts has arrived. The stimulus money is running out. By Robert Morley TheTrumpet.com Budgets that cannot be balanced. Hidden debts. Poisonous derivative agreements. Union extortionists. Millions of retired public employees still spending money like their pensions are safe. This is the situation facing America. And be assured: The pain... »

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The New Depression

Wednesday, May 19th, 2010

EconomyInCrises.com Many economic observers have justifiably stated that the U.S. is in the midst of the greatest recession facing the nation since the Great Depression. In December of 2008, the National Bureau of Economic Research – the department responsible for categorizing our economic condition – finally acknowledged what most of Americans had known for... »

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Euro, Stocks, Copper Tumble as Germany Bans Naked Short Sales

Wednesday, May 19th, 2010

By Patrick Chu Bloomberg.com May 19 (Bloomberg) — The euro slid to a four-year low against the dollar, and stocks and copper tumbled after Germany banned certain bearish investments, fueling speculation the European debt crisis will worsen. The euro fell below $1.22 for the first time since April 17, 2006, trading at $1.2159 at... »

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