By: Rick Ackerman GoldSeek.com Monday, 14 June 2010 We’ve railed at traders and speculators recently for their arrogant and sometimes breathtaking stupidity in failing to discount an onslaught of world-shattering news. If the dolts, rubes, bozos and mountebanks who have kept stocks afloat even remotely understood what has been going on in this world,... »
Archive for June 14th, 2010
Long After the BP Oil Spill, Businesses and Markets Will Suffer
By VISHESH KUMAR DailyFinance.com 06/14/10 The time to buy is when there’s blood in the streets, the old axiom goes. But for shares of BP (BP), the time to buy might be as oil continues to gush into the Gulf of Mexico. Liabilities for the company continue to mount, along with gargantuan damage to... »
Gulf oil spill: Senate Democrats call on BP to set aside $20 billion to pay for cleanup and economic damages
LATimes.com A majority of the Senate called on BP to set up a $20-billion account, administered by an independent trustee, to pay for cleanup and economic damages from the massive gulf oil spill, calling it an important step toward “ensuring that there will be no delay in payments or attempt to evade responsibility for... »
Currency Collapse May Stimulate Economic Expansion, BIS Says
By Matthew Brown Bloomberg.com June 14 (Bloomberg) — Currency collapses tend to spur a resumption of economic growth rather than fueling a decline in gross domestic product, according to the Bank for International Settlements. Currency collapses are associated with permanent output losses of about 6 percent of GDP, on average, though the drop tends... »
Resist the Collectivist View of History
by Roger Young StrikeTheRoot.com June 14, 2010 Exclusive to STR After reading Anna Morgenstern’s Memorial Day: Remembering the Dead, I was struck by a common (though understandable) error that even the most ardent anarchists and voluntaryists make. Though Anna’s description and analysis of war gangsterism is dead on accurate, I find her views on... »
The Repellent Neoconservatives
by Murray N. Rothbard LewRockwell.com Once upon a time in America, there was a left and a right and a center, and within these clearly discernible segments of the ideological spectrum there were distinctly calibrated gradations. Everyone could find an ideological niche without much trouble, and knew pretty well where everyone else stood too.... »
Doug Casey Revisits the Greater Depression and Explains the Realities of Investing in the 21st Century
Interview with Scott Smith LewRockwell.com Introduction: Doug Casey has appeared on hundreds of radio and TV shows, and has been the subject of articles in People, Us, Time, Forbes, The Washington Post, and numerous other publications. For nearly three decades, Doug Casey and his team have been correctly predicting major budding trends in the... »
Bringing Down the Empire
Tea Party Invitation, RSVP by Gary North LewRockwell.com The phrase “Tea Party” is synonymous these days with the politics of spending cuts. The big one is the compulsory health insurance law. Tea Party people want it repealed. Yet in the grand scheme of things fiscal, that law is a drop in the tea cup.... »
STATUE OF LIBERTY
PART 4 By Dennis L. Cuddy, Ph.D. June 14, 2010 NewsWithViews.com The Statue of Liberty (SL) was given to the U.S. by the Grand Orient Freemasons of France, who had helped bring about the French Revolution of 1789. Their Masonic lodges were infiltrated by the Illuminati, which was founded on May 1, 1776 by... »
CITIZENS SPEAK: GIANT COVER UP ON ILLEGAL IMMIGRATION
By Frosty Wooldridge June 14, 2010 NewsWithViews.com A massive cover-up continues across America concerning illegal immigration. Katie Couric, Brian Williams, Diane Sawyer and other top networks assist in this deceit. They avoid exposing Americans to how fast our country suffers invasion. They won’t report on the usurpation of law and order. They neglect to... »