Welcome to the age of rage – riots and revolutions will be the reaction to the next stage of the new world order Paul Joseph Watson Prison Planet.com Tuesday, June 8, 2010 Top historians, social and financial analysts are warning that the draconian austerity measures currently being prepared by governments in the west will... »
Archive for June 8th, 2010
Two More Gulf Spills?
Kate Sheppard TheAtlantic.com Jun 8 2010 The BP oil spill is still dominating headlines, 50 days after the Deepwater Horizon rig exploded. But how much oil leaks into the Gulf on any other day of the year? Satillite images and photographs from the region indicate that there may be two other offshore drilling units... »
Senator Nelson: The BP Well May Have Lost Structural Integrity Beneath the Sea Floor
Washington’s BlogTuesday, June 8, 2010 On June 2nd, Bloomberg pointed out: Plugging the well is another challenge even after BP successfully intersects it, Robert Bea, a University of California Berkeley engineering professor, said. BP has said it believes the well bore to be damaged, which could hamper efforts to fill it with mud and... »
BMO Has A Simple Message To Its Clients: Go To Cash Now
by Tyler Durden ZeroHedge.com 06/08/2010 In a surprising development, the most bearish, and easily most comprehensive, report that we have read in a long time on the broader markets, comes from Canada of all places, via BMO’s Quant/Tech desk. The report’s title is simple enough: Go To Cash – In Plain English. Not much... »
There’s A Very Nasty Storm Brewing in Euroland and Umbrellas Are Selling At Premiums With Insolvent Counterparties Attached – Prepare For It to Get Ugly!
by Reggie Middleton ZeroHedge.com on 06/08/2010 I have been bearish on European banks since the UK mortgage banks collapsed several years ago. To this day, despite mounds of fundamental and macro evidence pointing to very bad things happening, there are still cheerleaders stating that concerns are overblown. A good example can be found in... »
Ten Financial Freedom Benefits of Expatriation
By: Casey Research Market Oracle Jun 08, 20 Published by Casey Research : The following is an excerpt from the free 29-page American Expatriation Guide, written by a former U.S. citizen who wants to remain anonymous. Read what he has to say – from a “been there, done that” perspective – and maybe take... »
The “Tax Mahal”: A Shrine to Corporate Socialism
William N. Grigg FreedomInOurTime.com According to architect Jonathan Levi, the renovation of the IRS regional headquarters in Andover, Massachusetts is a “visionary” project that “will be relevant 50 years from now.” This is true in exactly the same sense that the Soviet-era monuments that still disfigure the Russian countryside remain relevant reminders of that... »
The New Great Game
By: David N. Vaughn GoldSeek.com Tuesday, 8 June 2010 Well, what’s happening? Busy lately and can’t find the time to get inside Microsoft Word. Probably put readers to sleep anyway. Ever wonder what brought on the first Great World War? Later to be called World War 1. And what the devil brought on the... »
Bond king Gross: U.S. headed for spiraling “debt super cycle”
TheDailyCrux.com From Bloomberg: President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.” The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose... »
Goldman Sachs May Explain PPT’s Vanishing Act
by Caroline Baum Bloomberg.com June 7 (Bloomberg) — Where are they? What’s keeping them? Stock markets across the globe are getting hammered, and there’s no sign of the Plunge Protection Team. Sure, there were some sightings of the bond vigilantes in places like Greece over the past month. But a worldwide equity meltdown is... »