Archive for June 9th, 2010

SC Dem upset: Jobless vet to face GOP’s Jim DeMint

Wednesday, June 9th, 2010

By SEANNA ADCOX TownHall.com An unemployed military veteran who raised no funds and put up no campaign website shocked South Carolina’s Democratic Party leadership by capturing the nomination Tuesday to face Republican U.S. Sen. Jim DeMint in November. With nearly all precincts reporting, Alvin Greene, 32, commanded 59 percent of the vote against 41... »

Posted in Civil War II | No Comments »

Insufficient Silver to Supply China’s Growing Demand

Wednesday, June 9th, 2010

The Mogambo Guru SilverSeek.com Most people have never heard of “the invisible hand” of the market, which is the surprising result of everyone working to get money with which to satisfy their own selfish interests, and it ends up benefiting everybody, a result that is so glorious that it seems that things are being... »

Posted in Economics, Humor | No Comments »

Banks in ‘Downward Spiral’ Buying Capital in CDOs

Wednesday, June 9th, 2010

By Yalman Onaran and Jody Shenn Bloomberg.com June 8 (Bloomberg) — U.S. banks are fighting to preserve the use of securities that help them appear better capitalized, even as their investments in each others’ notes perpetuate what one regulator calls a “downward spiral” of losses. The cross-ownership, largely unnoticed by bank supervisors who generally... »

Posted in Civil Unrest, Civil War II, Economics | No Comments »

Goldman Sachs Revives an Old Tactic: Keeping Quiet

Wednesday, June 9th, 2010

By: John Carney CNBC.com Goldman Sachs has decided to keep a low profile in response to harsh criticism and a subpoena fired at the company by the Financial Crisis Inquiry Commission yesterday. On a conference call with reporters following the announcement of the subpoena, the chairman of the commission, Phil Angelides, angrily accused Goldman... »

Posted in Conspiracy, Corruption, Economics | No Comments »

Goldman Sachs stonewalling, federal panel says

Wednesday, June 9th, 2010

The Financial Crisis Inquiry Commission subpoenas the firm, demanding information about its role during the mortgage meltdown and credit crunch. By Nathaniel Popper and Tom Petruno Los Angeles Times.com Goldman Sachs Group Inc., already under fire for its actions leading up to the financial crisis, came under attack from a federal commission that accused... »

Posted in Conspiracy, Corruption, Economics | No Comments »

REMEMBER: In 1930, They Didn’t Know It Was “The Great Depression” Yet

Wednesday, June 9th, 2010

by Henry Blodget TechTicker.com From The Business Insider: In the past year, we’ve written a lot about the similarity between the rally of early 1930 and the one we had through April of this year. The early 1930 rally came after the market had fallen nearly 50% in the fall of 1929. The spring... »

Posted in Economics, Government Evil, History | No Comments »

Risks to global economy have ‘risen significantly’, top IMF official warns

Wednesday, June 9th, 2010

The risks to a robust global recovery have ‘risen significantly’ as many governments struggle with debt, a leading official from the International Monetary Fund has warned. TelegraphUK 09 Jun 2010 “After nearly two years of global economic and financial upheaval, shockwaves are still being felt, as we have seen with recent developments in Europe... »

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

Osborne’s Bombshell: Chancellor declares war on middle-class welfare

Wednesday, June 9th, 2010

By Andrew Grice IndependentUK Wednesday, 9 June 2010 Big cuts in the £170bn-a-year social security budget will be sought by the Government as it launches a fundamental review of all public spending to reduce Britain’s £156bn deficit. Universal handouts such as child benefit could be means-tested for the first time and halted for the... »

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

Spain grinds to a halt as workers stage national strike over austerity drive

Wednesday, June 9th, 2010

Graham Keeley TimesOnlineUK June 8, 2010 Rubbish lay uncollected, hospitals switched to emergency mode and schools closed as public sector workers staged a one-day strike yesterday against a government austerity package designed to stop Spain following Greece into the financial abyss. The country’s two largest unions, the Unión General de Trabajadores and the Confederación... »

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

America’s Fastest-Growing Class of Millionaires

Wednesday, June 9th, 2010

The Millionaire Cop Next Door by Rich Karlgaard Forbes.com It is said that government workers now make, on average, 30% more than private sector workers. Put that fantasy aside. It far underestimates the real figures. By my calculations, government workers make more than twice as much. Government workers are America’s fastest-growing millionaires. Doubt it?... »

Posted in Economics, Government Evil | 1 Comment »

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