by Tyler Durden ZeroHedge.com 06/14/2010 “If you were to have faxed me this balance sheet and asked me to guess who it belonged to, I would have guessed, Citadel, Magnetar or even a proprietary trading desk at a bank.” So begins a story by Alexandra Harris of the Medill Journalism school at Northwestern, which,... »
Archive for June 14th, 2010
61% Underfunded Illinois Teachers Pension Fund Goes For Broke, Becomes Next AIG-In-Waiting By Selling Billions In CDS
Banking Crisis: Europe Banks The Next To Fail En Masse
by Taylor Cottam ZeroHedge.com 06/14/2010 European banks are in a freefall similar to what happened to US banks. We saw this coming months ago when I wrote in a blog post about the state of US, Europe and Canadian Banks. I said that of the three, I worried most about the European banks because... »
The 51st Police State: U.S. National Guard being used to ‘fight crime’ in Puerto Rico
By Andrew Steele America 20xy.com June 14, 2010 Earlier this year the U.S. House of Representatives passed H.R. 2499, which put Puerto Rico on the path to statehood. The resolution would offer Puerto Ricans a two step vote, first asking them if they would like to remain a commonwealth of the U.S. Then if... »
Flashback…RAND Corporation Blueprint for Militarized “Stability Police Force”
by William Grigg LewRockwell.com December 10, 2009 The RAND Corporation, one of the most fecund research arms of the Military-Industrial-Homeland Security Complex, has released a study entitled A Stability Police Force for the United States: Justification and Creating U.S. Capabilities. The SPFOR (to use the inevitable acronym) would be a “hybrid” military/law enforcement unit... »
Flashback…There’ll be nowhere to run from the new world government
By Janet Daley TelegraphUK 19 Dec 2009 There is scope for debate – and innumerable newspaper quizzes – about who was the most influential public figure of the year, or which the most significant event. But there can be little doubt which word won the prize for most important adjective. 2009 was the year... »
Theologians See Climate Issue As Way To Establish Global Earth-Worshipping Super Church
Theology and the ‘green apocalypse’ By Juan Michel EKKLISIA.com How does biblical thought relate to climate change? What are the theological insights churches can offer to a world facing an unprecedented ecological crisis? These questions, addressed at a public seminar on “Creation and the climate crisis” attended by church representatives to the UN climate... »
Economy may never recover from banking crisis, warns OBR
Francis Elliott, Gráinne Gilmore TimesOnlineUK June 15, 2010 The economy, more damaged by the banking crisis than previously admitted, will grow more weakly and may never fully recover, the new Office for Budget Responsibility (OBR) said yesterday. The conclusion adds billions of pounds to the total that George Osborne must find if he is... »
Bilderberg 2010: What we have learned
A huge agenda of global issues was crammed into four days of ‘secret’ meetings by a mysterious group of power brokers. But who elected them and why are we paying for them? Charlie Skelton GuardianUK Monday 14 June 2010 • ‘Global cooling’ is on the cards Check out the agenda for Bilderberg 2010: “Financial... »
Angela Merkel’s government threatened with collapse
• German coalition faces trouble on several fronts • Election of new president could prove to be catalyst Kate Connolly Guardian.co.uk, Monday 14 June 2010 German chancellor Angela Merkel’s centre-right coalition government looked to be close to collapse today, weakened by a string of disagreements and intense infighting over austerity cuts, policy reform and... »
Global Financial Crisis Could Lead to World War III
By: Larry Edelson Market Oracle Jun 14, 2010 You know where I stand on just about all the markets. And not much has changed in them, or my views, since I spoke with you in my column last week, or even via my video update last Thursday. So today I want to change things... »